378)

Author: Isaac Newton

Source: MINT 19/1/376, National Archives, Kew, Richmond, Surrey, UK

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- Revision History
  - 1 January 2001
    - Catalogue information compiled by Rob Iliffe, Peter Spargo & John Young
  - 29 September 2011
    - Catalogue exported to teiHeader by Michael Hawkins
  - 30 January 2017
    - Transcribed by Will Scott, with retrofitting from MINT00461
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  Draft clause for insertion into the Coinage Act [MINT 19/1/378]

<376r>

Fol. 3. lin. 1. After the words [in the body of the present Act.] add with relation to the Mint or Mints in England.

And whereas by the Act of Vnion made in the sixt year of Queen And|n|, a Mint is to be c{illeg}|o|ntinued in Scotland under the same Rules as the Mint in England: Be it further enacted that all the money arising in England by this Act \& also six per cent of all the moneys arising in England thereby/ shall be issued out of his Ma^ts Exchequer to the Master & Worker or Masters & Workers of his Ma^ts Mint or Mints in Scotland for the use & service of that Mint by such Order or Warrant as the like moneys arising by this & former Acts in England\in England by the Acts for encouragement of coinage/ are & have been issued to the Master & Worker of his Ma^ts Mint in England to be kept in his Ma^ts Office of Receipt in the said Mint \of Scotland/ under the keys of the Master & Worker, Warden & Counter-Warden or Comptroller of the said Mint for the time being, & issued out thence from time to time according to the manner & course of his Ma^ts Mint in England.

And it is hereby fur{illeg}|t|her enacted that there shall not be issue out of the said \said Office of Receipt or/ Exchequer of the said moneys in any one year for the fees & salaries of the Officers of the said Mint & Officers who issue the said Moneys & pass the Accounts thereof \the said moneys/ & towards the providing maintaining & repairing of the houses offices & buildings & other things necessary to\Incidents/ \of/ the said Mint \necessary/ for assaying melting down & coinin|a|g|e,| & And necessary charge of Incidents which accompany the same & not otherwise. above the summ of hundred pounds sterling money, & the overplus of the said moneys so kept or to be kept as aforesaid, shall be employed for & towards the expence wast & charge of assaying melting down & coinages & the necessary charge of incidents accompanying the same \necessary/ incidents of the coinage thereof\of the incidents necessary/ |of the necessary incidents thereof w^ch \w^ch relate thereunto &/ accompany the same, & not otherwise.|

NB. The charge salaries By the Act of the first Parliament of K. Iames VII chap. XXIV, there were allowed for salaries, maintaining the Fabric of the Mint house providing \of/ new Tools & other incident charges relating to y^e Mint 1200 pounds Scots & the overplus was for a free coinage of silver after the rate of 18 pounds per stone. No provision for a free coinage of gold. If th The 12000 pounds Scots reduced into English money (after y^e rate of 4^s 6^d to y^e 60 shillings piece amounts to 900^li sterling, & by raising the Stots {sic} money at y^e union it amounts to 1000^li (w^ch raising ought not to affect England) & if the salary of the Clerk of y^e bullion amount to 333^li. 13^s. 4^d scots {illeg}|&| the providing of coining tools be deducted there will remain about {990}\940/^li. Whence 1000^li sterling i{illeg}|s| sufficient for the filling up the blank.

NB a|A|lso y^e

<376v>

to be issued |[|by such Order or Warrant as above|]|\upon account by such Orders or Warrants as above/ to the Masters & Workers of the said Mints or either of them as shall be necessary for defraying the Expences of the said Mints or Mints |[|brespectively\respectively/ by way of imprest & upon necessity for the use {sic} & service of the said Mint or Mint respectively {illeg}|&||]| expressing that they \such Order or Warrants as above expressing that the {money so}/ \issued/ are for the use & service of the sam|id|e \Mint or Mints respectively/, so as the moneys so issued together with the coinage Duties arising by this Act do not exceed in any one year the summ of fifteen thousand pounds.

to be issued upon account by such Orders or Warrants as above to the Masters & Workers of the said Mints or either of th{illeg}|e|m as shall be necessary for defraying the expences of the said Mints or Mints respectively, so as the moneys so issued\same/ together with the Coinage d|D|uties arising by this a|A|ct do not exceed in any one year the summ of fifteen thousand pounds.

And |[|that no stop may be put to the coinage in either of the said Mints for want of moneys be it further to defray the charges \thereof/ Be it further enacted|]| |that| at the end of every quarter of t{illeg}|h|e year the charge of coinage shall be paid before first paid & incidents relating thereunto shall assaying melting & coinin|a|g|e| \in that {illeg}|Q|uarter/ shall be first paid in the first place & the deficiency \for paying the salaries/ if any there be, shall rep{illeg} be upon the salaries to be satisfied\supplied {illeg}/ as above \in the said Mints or either of them/ at the end of the year.

& that at y^e end of every Quart the charge of coinage be first paid \out of the coinage mon{eys}/ & that of Salar the deficiency remain upon the salaries untill it \shall be/ made good out of the \other/ moneys so issued.