Draft of <ref target="/catalogue/record/MINT00287">MINT00287</ref> (Mint 19/2/602-3) Isaac Newton c. 826 words The Newton Project Oxford 2017 Newton Project, University of Oxford

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 c. 7 July 1702, c. 826 words. 'Proposals for preserving and encreasing the Coyn of this Kingdome.' Draft of second appendix to MINT00281 (Mint 19/2/78-9) [MINT 19/2/602-3] MINT 19/2/589, National Archives, Kew, Richmond, Surrey, UK UKSurreyKew, RichmondNational Archives MINT 19/2/589 c. 7 July 1702 England English Holograph MintEconomic Theory and Legislation Catalogue information compiled by Rob Iliffe, Peter Spargo & John Young Catalogue exported to teiHeader by Michael Hawkins Transcribed by Will Scott, with retrofitting from MINT00287 Checked by Will Scott
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Proposals for preserving & encreasing the coyn of this kingdom without hindring yethe freedom of Trade.

For preventing the exportation of more Gold & Silver then is imported.

Vpon arrival of every merchant ship a Custome house Officer to take an account of all Gold & Silver imported therein & enter yethe same wthwith yethe exact weight of every species thereof in a Book for that purpose & give yethe Merchant an indented Ticket conteining a copy of yethe said entry cut out from yethe said Book & to stamp all yethe Barrs or Ingots with a stamp for that purpose. All this he shall do gratis.

If the Merchant within one year after the date of yethe said entry or Ticket shall bring the said Gold or Silver or any part thereof to the Mint to be coyned the Master of the Mint or his Deputy shall gratis enter on yethe backside of yethe said Ticket yethe Species gross weight & standard weight of the Gold or silver so brought in & coyned.

And upon delivering back yethe said Ticket at yethe Custome-house, the Merchant or his DepAssignes may within one year after the Date thereof imexport the uncoyned Gold or Silver mentioned therein or any part thereof together with any summ of English money not exceeding the standard weight endorsed; paying the charge of coyning the money exported. Wheich payment shall be kept apart wthwith yethe Duty granted by Act of Parliament for encouragemtencouragement of Coynage & together with it be paid into yethe Exchequer & thence imprest to yethe MrMaster of yethe Mint for the same uses.

The Ticket so delivered back to be filed in yethe Custome house & yethe Exportation entred there wthwith yethe species & weight of yethe exported Gold & Silver coynd & uncoyned. And if all the Gold or Silver mentioned in yethe said Ticket be not exported the remainder to be entred & yethe Merchant to have gratis a new indented Ticket of yethe first date for yethe same. And also for so much as he exports to have gratis a License under yethe hands of four CommrsCommissioners of yethe Customes.

No gold or silver to be exported in Barsrs or Ingots or molten masses wchwhich have not the Custome house mark upon them, & to counterfeit that mark shall be felony.

A penalty for impressing that mark upon other gold or silver then such as shall be found in the ship at its first arrival or exporting Gold or Silver coynd or uncoynd without License or shipping the same for exportation.

No gold or silver to be exported out of Ireland unless into England upon pain of And an account of all the Gold & Silver exported thence into England to be sent monthly from yethe Custom house in Dublin to that in London that yethe Officers here may enquire after it.

The CommrsCommissioners of yethe Customes to take annually an AcctAccount of all yethe Gold & Silver imported & exported in all orour ports & copies of the summs of every species imported from & exported to every place to be sent to yethe TrearyTreasury the Council of Trade & yethe Mint. This last might be done by order of Treasury the rest by Act of Parliament.

Such a Law would render Trade free, even freer then in Holland when Bullion exported pays to their Mint. It would save the Merchant the trouble & charge of attending at Goldsmiths Hall wthwith his Bullion wchwhich discourages him from importing it. It would secure us from yethe exportation of more Gold & Silver then we import much better then we are now secured by Custom house oaths. It would put an end to the melting down of orour silvermoney for exportation & exporting it by false oaths. It would raise the price of money above that of Bullion as it ought to be by reason of yethe workmanship, & this would incline the Goldsmith to make plate of Bullion rather then of money & yethe Merchant to increase orour coyn by turning his Bullion into money contrary to what is done at prresent by reason of yethe great price of Bullion. It would be profitable to the Merchant by thus lowering the price of Bullion & also by yethe use of his Gold & Silver when turned into money. It would increase orour coyn as well by yethe Merchants money running abmongst us till exportation as by what is not exported within the year. And it would be of great credit to the nation by the Merchants exporting their Gold & Silver in the form of English money to be current in forreign nations. For this would make us appear to them more rich & potent then we do at present & thereby recommend & encourage orour Ministers & Merchants in Treaties & Trade. All this would be done wthwithout any new charge to yethe Government.