To the RtRight HonbleHonourable the Lord High Treasurer of great Britain.

May it please yoryour LordpLordship,

In Obedience to yoryour LordpsLordships Order of reference of the 9th nstant upon the annexed representation of the Gentlemen oOwners of Tin Lans in Cornwall to yethe LdLord Warden of the Stannaries wherein they desire that a Convocation or Parliament or Tinners may be holden before the determination of the present contract, that proper measures may be taken to set another on foot at such price as that her MatyMajesty may be no loser thereby, and by wchwhich such further quantity of Tin beyond the present stipulation be taken as may prevent the inconveniences they now labour under upon thisat account:

We humbly represent to your Lordship that by the course of the sale during this and the four last years there will remain at the end of the present contract a dead stock of Tin wchwhich at 3li 16s prper Ccwt averdupois will be worth about 180000li. And that if her MatyMajesty contracts for 1600 Tunns of Tin annually at 3li 10s prper Ccwt stan.stannary weight, without remitting the coinage duty & post groats & this quantity shall be sold off annually so that the dead stock of 180000li may more or less remain the same during all the next contract;: And if 6 per cent (the interest now paid in Cornwall for moneys advanced to them by her MatyMajesty) be allowed upon the dead stock: the state of the contract will be as follows.

In this recconing if 10800li should be thought too great an interest upon dead stock, 1458li 18s is as much too little for insurance & other accidents & unforeseen charges.

In this & the four last years the sale of the Tin by our accounts hath at a medium amounted to about 1560 Tunns per anannum stan.stannary wtweight, which being deducted from 1600 Tunns received annually from Cornwall & about 44 Tunns received annually from Devonshire, leaves 84 Tunns stannary, or 90 Tunns averdupois, the value of wchwhich at 76li per Tunn is 6840li, to be annually added to the dead stock. And the interest of this addition, if the contract should continue seven years, amounts to 8618li. 8s, besides the loss by the fall of the price in the end of the contract, wchwhich would amount to 13860li or more if the Tin should then fall for 5 2li. 14s per Ccwt averdupois or less, the markets being then clogged by the joint sale of the dead stock & the Tin in Cornwall

Thus the Crown by contracting for 1600 Tunns of Tin prper anannum at 3li 160s prper Ccwt would lose in the space of seven years 232478li 8s or above & this loss in four years more would be more then doubled