Holograph draft reports, one on the proposals of Tyndal to raise credit on tin, and one on those of Williams to raise the price, following discussions with them Isaac Newton c. 372 words The Newton Project Oxford 2017 Newton Project, University of Oxford

This metadata is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.

 c. August 1705?, c. 372 words. Treasury

Tin is already fully pledged and no credit can be raised on it. Increasing the price is likely to encourage Dutch importation from the East Indies.

 MINT 19/3/534, National Archives, Kew, Richmond, Surrey, UK UKSurreyKew, RichmondNational Archives MINT 19/3/534 c. August 1705? England English Holograph MintTin Trade Catalogue information compiled by Rob Iliffe, Peter Spargo & John Young Catalogue exported to teiHeader by Michael Hawkins Transcribed by Will Scott
534

May it please your LordpLordship

In obedience to yoryour LopsLordships Reference to us of 19th of Aug last ofupon Mr William Tyndals proposals for advancing her MajtsMajestys Revenue in Relation to the Tinn having discoursed him on that subject, we liked his first or& second Proposals second better then his third upon giving sufficient security to make either of them good till All the Tinn to be received from Cornwal be sold for the whole term: proposed Bbut he insisted only upon his 3d Proposal of making the Tin a fund for transferable credit to be accepted in all the branches of her MajtsMajestys Revenue ButAnd upon representing to him that it could not be accepted in those brancesbranches wchwhich are setled by Act of Parliament upon public uses, that it could not exceed the value of the Tin in store wchwhich was not 30000li & ytthat it interfered with the credit already upon the Tin wchwhich was for a much greater summ he acknowledged the first & second of these difficulties & could not tellsatisfy us how the third might be avoided. All wchwhich &c

In obedience to yoryour LopsLordships Order of Reference of yethe 26t of Iuly last upon the annexed Proposal of Mr IJohn Williams for disposing of her MajtsMajestys Tinn speedily & profitably by raising the price of it, we have had several meetings with him to be informed of his proposal & particularly about the Tin brought by the Dutch from the East Indies. But finding Mr Williams could give us no satisfactory account of that Trade, we for orour better information had a meeting with some of the most considerable East India Merchants, who were all of Opinion contrary to what is alleged in yethe Proposal that great quantity of Tin may be had in the Indies East Indies fit for use &of ytthat if ytthat price of it be raised considerably here, it may be an encouragement to ytthat Dutch to import more then at prresent. We are also humbly of opinion that it may not only tend to alter the course of Trade but in Tin but maywill also lessen the consumption of Pewter at home & the exportation thereof into other countries.