105-6 dated 7 October 1718

Author: Isaac Newton

Source: MINT 19/3/105-6, National Archives, Kew, Richmond, Surrey, UK

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Related Texts
- This document is a version of:
  Response to Lauderdale's request for an advance of £2,400 to the Edinburgh Mint [MINT 19/3/107-8]

<105r>

To the Right Hon^ble the Lords Comm^ers of his Ma^ties Treasury.

May it please yo^r Lord^ps

In obedience to your Lord^ps Order of Reference upon the Memorial of the General of the Mint in Scotland for impresting upon account to the|i||s| Lords^p two thousand four hundred pounds to his Lor{illeg}|d|^p out of the coinage Duty as due for the service of the said Mint for the two years ending at Christmas last, together with such further summ as your Lord^ps shall judg necessary for bearing the charge of coinage; I humbly represent, that by the Act of Vnion the Mint in Scotland was to be conformable to the Mint in England, & by the Act w^ch passed in the first year of his present Majesty for continuing the former Acts for the encourage{illeg}|m|ent of coinage, your Lordships are impoured out of the moneys arising in great Britain by the said Act, to cause so much money to be issued out of the Exchequer to the Master of the Mint in England & to the General of the Mint in Scotland respectively by way of imprest up & upon account, as shall be necessary for defraying the expenses of the said Mints, & that all the moneys issued out of the Exchequer to his Ma^ts Mint in England are \pursuant to the Act of coynage/ imprest in general words for the use & service of the|i||s| Mint, so that they may be applied to the charge of coynage as well as to any other charges of the Mint.

The salaries of the Officers of the Mint in Scotland amount only to 980^li per annum whereof 50^li per an is to cease at the death of the late Clerk of the Bullion, & the charge of keeping the Offices in repair & the dwelling houses of the Officers wind & water tite, can be but small; & therefore twelve hundred pounds per annum allowed to that Mint without including the charge of coinage, is too much. If to the 1200^li already in their hands 1800^li more be added to mak{illeg}|e| up the whole summ 3000^li for the three years ending at Christmas last, & the 1800^li be imprest for the use & service of that Mint in general, so that it may be applied to all sorts of charges: the Account be made up till Christmas last, & the ballance thereof certified to your Lord^ps in order to be considered when the next moneys shall be imprest. And so on from time to time.

And considering that the Indenture of that Mint doth not <106r> impower the General to pay any moneys, I am humbly of opinion that there should be a Signe manual sent to him, impowering & directing him to pay the salaries & other expences to whom they are or shall become due by the said Indenture & to make up his accounts annually & directing him & all the Officers in their several stations to take care that the moneys be duly coined, & to observe all the Rule|s| & Precepts set down in the said Indenture (except the alterations made by Parliament,) untill a new Indenture shall be made.

And that there may be no more complaints of the want of moneys to beare the charge of coynage, the General may have notice to pay those charges in the first place & let the deficiency (when ever there shall be any) fall upon the salaries.

All which is most humbly submitted to your

Lord^ps great wisdome

^[1]

Is. Newton.

^[1] Mint Office
7 Octob. 1718.