Holograph draft of <ref target="/catalogue/record/MINT00131">MINT00131</ref> (Mint 19/1/334-5) with minor variations Isaac Newton c. 578 words The Newton Project Oxford 2017 Newton Project, University of Oxford

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 1714, c. 578 words. Memorandum by Newton specifying the uses to which the money allocated to the Mint by Parliament can be put, breaking it down into specific sums for specific purposes, and stating which Mint officers are responsible for allocating which funds [MINT 19/1/334-5] MINT 19/1/340, National Archives, Kew, Richmond, Surrey, UK UKSurreyKew, RichmondNational Archives MINT 19/1/340 1714 England English Holograph MintAccounts and Expenses Catalogue information compiled by Rob Iliffe, Peter Spargo & John Young Catalogue exported to teiHeader by Michael Hawkins Transcribed by Will Scott
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18 Carol. II, Chap. v. No moneys leviable & payable by this Act shall be converted to any other use or uses whatsoever other then to the defraying the charge or expence of the Mint or Mints, and [that] of the assaying melting down & coyning wast & coynage of gold & silver & the encouragement of bringing in of gold & silver to be coyned into the said Mint or Mints there to be coyned &c [ The first I take to be the charge of supporting a standing Mint, the second to be the firsurther charge of carrying on the coynage in that Mint. And by the next clause of the Act the first is limited to 3000li for preventing extravagance, the other left unlimited & appropriated for to the coinage for encouraging the same. The words are] And it is hereby further enacted That there shall not be issued out of the Exchequer of the said moneys, in any one year for the fees & salaries of yethe Mint or Mints & towards the providing maintaining & repairing of the houses Offices & Buildings & other [standing] necessaries for assaying melting down & coyning, above the summ of three thousand pounds sterling money, & the overplus of the said moneys so kept as aforesaid shall be imployed for & towards the [contingent] expence wast & charge of assaying melting down & coynage & buying in of gold & silver to coyn & not otherwise. [Here by other necessaries I understand things necessary for constituting a standing Mint as a convenient Hearth Chimnesy & closet the Assay Office, & locks to the doors Gates to yethe Mint &c These & the buildings come into yethe Wardens Acct

The salaries from the time of making this Act have amounted to 2600li & sometimes above & there have remained only 400li per anannum for the buildings & other necessaries. And the buildings alone have usually amounted to two or three hundred & sometimes almost 400li per anannum

In the 4th & 5t year of her MajtyMajesty another Act passed for enlarging the sum of 3000li to that of 3500li per anannum without making any other alteration in yethe former Act. And thereupon the Moneyers were allowed a salary of 400l & the salarys of the Clerks were intended to be augmented: but several buildings being ready to drop drop, there it was thought fit to rebuild them first. And these have cost about 8 or 9 hundred pounds or above. Two years ago the Engineers shop was rebuilt & cost about 3959li whereof about 183li comes into yethe Account of yethe year 1712 & 176li is reserved for the last year.

In the Indenture of the Mint there is a clause that yethe charges of making the bullion agreeable to standard shall be born & sustained out of the Revenue arising to her MatyMajesty by vertue of the coynage Act: wchwhich clause would have been needless had that charge been recconned wthwithin the 3000li. This clause is a Voucher to the MrMaster for the charges of Assaying & Allay, The Act of 18 Carol. II is a Voucher to him for the charges of the Assay Office, & the standing practise of placing the charge of furnaces in his AcctAccount is a voucher for that Article. No part of yethe 3000li should come into the Master's Account except the salaries payable to himself & those under him.