Suggest that Ambrose's prices are far too high, and that the old practice should be resumed of letting the master employ melters on his own terms, which will be much more favourable. What Ambrose should be paid for the plate he has already melted they leave to the Treasury's discretion. Further request clarification of the legislation concerning moneyers' fees. At the start of the recoinage, a discretionary extra penny per pound weight of coin was promised to the moneyers contingent on Mint approval of the quality of their work: this is now being claimed by them as of right.

Signed by Newton and [master] Thomas Neale, dated by Neale.

Another copy in PRO, T1/41, no. 48 (printed in NC, 4: 216-17).