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Newton: Chronology Project: Catalogs
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View Catalog: MINT00686

Catalog Name MINT00686
Document
Title Memorandum on the royal tin trade
Subtitle
Author Isaac Newton
Place of Origin no place assigned
Origin Date Before August 1705
Repository National Archives (Kew, Richmond)
Pages 991
Wordcount
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0
Language
Contents
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Notes

Emphatically approves an increase in the price of tin to 6 a hundredweight or a little less, as the Queen is losing 30,000 a year. Proposals for an agreement to be reached with the Dutch East India Company to prevent them undercutting this.||On reverse: calculations and a draft table of annual tin exports to various countries.||[Note on dating: MINT00701 (Mint 19/3/545) mentions that about two years into the Queen's tin contract, which was signed in December 1703, the Mint Board seriously considered the potential advantages of a price increase, but soon changed their minds after obtaining more reliable information. 'Two years' must be an overestimate, however, as MINT00690 (Mint 19/3/597-9) makes it plain that they were already having doubts about the wisdom of such a measure by 1 August 1705.]

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