Draft memoranda on legislation under Queen Anne relating to duty on foreign trade

Author: Isaac Newton

Source: MINT 19/3/446, National Archives, Kew, Richmond, Surrey, UK

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  - 1 January 2001
    - Catalogue information compiled by Rob Iliffe, Peter Spargo & John Young
  - 29 September 2011
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  - 21 March 2017
    - Transcribed by Will Scott
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  Draft memoranda on legislation under Queen Anne relating to duty on foreign trade [MINT 19/3/445]

<446r>

By the statute of 2 Ann c 9, it is enacted that out of the duties value by the candle of certain East India goods the du{e}|t|ies payable for upon those goods & the allowances for prompt payments \& warehouse room/ shall be subducted & upon the cle{illeg}|ar| value w^ch remains to the merchant a d those duties {illeg}|sh|all be laid w^ch were formerly laid upon the value of the same good stated by oath. |Th{e}|is| {illeg}|A|ct was made| /to remedy the undervaluing of the goods {is}|up|on Oath.\

The duties payable upon the value by oath amounted to 35^li 2^s 9^d per Cent. And\Now/ it|If| the by the duties payable in the \said/ statute of 2 Ann c. 9 be understood duties w^ch are laid by|of| Acts of Parliament & are actually to be paid, be understood they will amount to 14^li 5^s p^r 95^li {2}|3|3^li 5^s. 11^d |p^r cent| w^ch being subducted from the value by the candle leave 66. 14. 1 |p^r cent| And the allowance for f|p|rompt payment & warehouse room being also subducted leave amounting to 12. 10 \|p^r cent|/ being also su{p}|d|ucted our leave |5|4. 4. 1 |p^r cent| /the clear value to the Merchant.\

The duties by th{illeg}|e| candle value of these goods \stated/ upon oath amount unto 35^li 2^s. 0|9|^d per cent & after this rate per cent the duty \& would be the undervaluing of the goods upon oath would have been very small. But/ upon |the clear| |value \of/|54. 4. 1^d \this/ amounts |un|to {illeg}|1|9^li. 00^s. 11^d \per cent/ w{illeg}|h|ich added to {illeg}|14|. {illeg}|5|. a \per cent another/ duty laid upon the value \of the same goods/ by the candle, made the whole duty payable 33. 5. 11 per cent as above.

Quære. Whether by the d{illeg}|u|ties payable are to be understood such duties as are payable by the Act|s| of Parliament and are P{illeg} actually to be paid as has been explained above, or some other \imaginary/ duties w^ch are not imposed by any Acts of Parliament nor are ever to be paid