487) with variant figures but to the same general effect

Author: Isaac Newton

Source: MINT 19/3/488, National Archives, Kew, Richmond, Surrey, UK

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  Correspondence relating to the tin trade [MINT 19/3/486-7]

<488r>


All incidents		940^li	per annum.
Insurance		2000	per annum.
Interest of about 1800000^liat	6 per cent	10800
	5 per cent	9000

Paid annually for 1600 tunn of Tin at 3^li 10^s per cwt stannary weight	112000
Freight to London about	2000
Salaries including 30^l per annum to Truro	2890
All incidents in Cornwall & London	940
Insurance	2000
Interest of about 180000^li at 5 per cent	9000
	128830
	1670.

Paid annually for 1600 Tuns of Tin at 3^li 10^s
Freight to London
Insurance	1500
Salaries including 30^li to Truro	2890
All incidents in Cornwall & London	1000
Total	119533
Interest of 119533^li advanced for a year & an half at 5 per cent	8965
Total	128498
	130286

Sold annually 16000 Tunns Stannary weight at 81 $\frac{3}{7}$ per Tunn	130285 $\frac{5}{7}$
Gained by her Majesty	1788
Received annually from Cornwall 1600 Devonshire 42 Tuns	1644
which in the 6 years amounts to 9854 Will remain unsold at Christmas next 2250 averdupois = 2100 stannary weight. Sold since the beginning of the 2^d year 779^c2^t E. in 5 years which is 1550 t per annum. Remaining unsold per annum 92 Tunns.

In obedience to your Lordships Order of Reference of Nov. 9^th instant upon the anne{xed} petition of several Gentlemen in Cornwall about renewing the contract for Tin we have considered the same & are humbly of opinion that if the contract be not made for a greater quantity of Tin then the consumption shall annually carry off: her Majesty may without loss give 3^li 10^s per cwt stannary weight, the Tinners paying the coynage Duty & Post Groats or an equivalent: & the interest of money advanced upon the Tin being reckoned at no more then 5 per cent.

And we are humbly of opinion that the consumption of Tin in the next contract will in times of war be much the same that it has been in this & the three last years which at a medium has amounted to about 1500 Tunns of Tinn per annum stannary weight. But what it will be in times of peace we are not {illeg}bled to judge by any experience. Yet considering that Tin is conveyed through other countries into France & Spain the only countries with which we have not a free trade at present & that the consumption of Tin in those two countries (by the Custome house books) amounted only to about Tunns per annum befor the war began, we are not yet satisfied that in times of peace the consumption will exceed 1600 Tunns per annum.