498-9)

Author: Isaac Newton

Source: MINT 19/3/513, National Archives, Kew, Richmond, Surrey, UK

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Related Texts
- This document is a version of:
  'An Acc^t of y^e cost & charges of sending Tynn to Amsterdam & selling it there by commission.' [MINT 19/3/498-9]

<513r>

An Account of the loss w^ch his Ma^ty. may sustein by renewing, for seven years, the contract with Cornwall & Devonshire for Tynn, now voyd by her late Ma^ties. death.

Paid annually for 1840 Tunns of Tyn at 3^£ 9^s p^r C sta w^t		126960. 0. 0
Freight to London		1840. 0. 0
Salaries in London		1350. 0. 0
Incident charges in London, as Porters &c		200. 0. 0
Passing Accompts &c		94. 0. 0
Salaries in Cornwall & Truro		1540. 0. 0
Incidents in Cornwall		700. 0. 0
Insurance & other unforeseen accidents		1000. 0. 0
Total yearly expence		133684. 0. 0
Total expence in seven years		935788. 0. 0
Yearly income by selling about 1350 Tuns Averdup. p^r an̄ at 76^£ p^r Tun	}	102600. 0. 0
Income in seven years		718200. 0. 0
Excess of the expence above the income		217588. 0. 0
Yearly excess of the expence above the income		31084. 0. 0
Excess in seven years {illeg}83\|2175\|88. Interest arising thereby	}	718200. 0. 0
Interest arising by this excess {illeg}\|4\|0000.		{illeg}8{illeg}\|2575\|88. 0. 0
{illeg} The late Queens debt upon the Tynn \paid/ in the two first years		191200. 0. 0
Interest upon this payment till the end of the contract		63400. 0. 0
Total expence above the Income		254600. 0. 0/{illeg}{illeg}\|5\|128\|1\|88. 0. 0\

Tin left by the late Queen - 5200 Tuns averdupois

Tin \w^ch will be/ received by the King in 7 years - 12|3|880 Tuns averd.

Tin \which will be/ sold in seven years 9450 - 9450 Tuns.

Tin \w^ch will/ remaining {sic} in the kings hands at y^e end of y^e contract - {illeg}|96|30 Tunns.

So great a stock of Tin, w^th what will be further raised in Cornwall, must of necessity beat down the price of Tin so low, that it we|i|ll after the end of the contract \scarce/ sell for above 40^£ per Tun, & be 12 or 16 years in selling. And the charge of warehouse room & Officers \& Porters/ to sell it & rebate of interest till the money comes in must be\being/ deducted, the Tin at y^e will be\remain/ scarce worth above 28 or 30^£ per Tun to be sold all together at the end of the contract for ready money. At 30^£ per Tonn the 9630 Tons will be worth 288900^£. And this being deducted from the 512188^£ will leave 6888 223288^£ the Kings loss by the contract.

<513v>

			Tunns Averd
Tin in the late Queens hands at the beginning of this contract June 2^d 1710		}	2400
Added 800 Tunns St. w^t			-857
Total			3257
Left by the Queen at her death			5260
Increased in four years & two months			2003
Received in four years 6760 Tuns Stand			7243
Sold off in four years & two months			5240
Sold per an̄ at a medium			1257∟6
Will be sold in 2 $\frac{5}{6}$ years			3563
Will be received in 3 years 5520 T. stan.			5917
Will {be} added to the dead stock in three years			2354
Total dead stock at the end of this contract will be			7614

Money advanced for buying 5520 T. St. w^t in 3 years	380880^£	}	40000
For freight	5520
For other expences & accidents	13600
Interest upon the money advanced at 5 p^r cent			30000
			430000
Will be received by sale of Tin in 2 $\frac{5}{6}$ years 27077\|8\|8 whereof about 210000 is a debt upon the Tin. The remainder is			60788
If after the contract is at an end 14000 Tuns sta. w^t should be sold annually \at 40^£ p^r Tun/, one half by the K. the other half by Cornwall: the Kings share would produce an annuity of 28000 for almost 11 years, the p^r value of w^ch in ready money would be

Twelve thousand\hundred/ Tuns st. w^t Tin & freight at 70^£ p^r Tun	84000
Other Expenses 5000.	4881/5000\
Inte Queens debts per an̄	30000
	92000
Sold annually 1260 Tun \av/ ad\|t\| 76^£ per Tun	95760

\frac{1}{6}

) 2310 (554

2083

\frac{1}{3}

226

\frac{2}{3}

|6|66

208333

18333

182666

0666

0|1|009 $\frac{1}{2}$

5004

\frac{3}{4}

R^d in 1

{illeg} 4

\frac{1}{6}

)5252 (126

\frac{1}{2}

\frac{12}{25}

46|1|666

108533

83333

2520

Gold in 10 $\frac{1}{2}$ Unsold in 10 $\frac{1}{2}$ years . 5260

195) 5260 (5{illeg}|1|0.

5250

100

95) 5260 (553∟6

475

510

350

285

6{illeg}|50|

V 1260

7560

8820

95760

16400

820

800

17|8|120 sta 1297

1297

19417

95) 4\|1\|4157 (1400
465
9.64900
23240
209160
13944
9296
20916
224242∟76

Preparatory notes and calculations concerning Dutch trade and English customs on it for MINT00720 (Mint 19/3/498-9)

An Account of the loss wch his Maty. may sustein by renewing, for seven years, the contract with Cornwall & Devonshire for Tynn, now voyd by her late Maties. death.

An Account of the loss w^ch his Ma^ty. may sustein by renewing, for seven years, the contract with Cornwall & Devonshire for Tynn, now voyd by her late Ma^ties. death.