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Newton: Chronology Project: Catalogs
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View Catalog: MINT00694

Catalog Name MINT00694
Document
Title John Williams: 'Considerations Relating to the Advancing the Price of Tinne'
Subtitle
Author John Williams
Place of Origin no place assigned
Origin Date 3 September 1705
Repository National Archives (Kew, Richmond)
Pages 1,405
Wordcount
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0
Language
Contents
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Notes

Another refutation of the view that increasing the price of tin will bring other countries into the trade to England's disadvantage. This is like saying the Dutch should sell spice cheap 'for feare that wee should plant spice bedds in Englande and spoyle their Trade'. Good tin is extremely difficult to find and exploit so the English mines represent a virtual world monopoly. The demand for tin has always outstripped supply. It is essential to many trades so people will pay whatever they have to for it. The English will not suffer from the price increase as 80 of tin is exported, and the increased revenue will save them from a tax that would otherwise have to be levied to refill the royal coffers. Williams considers tin would have to rise to over 20 a hundredweight to be overpriced.

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