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Newton: Chronology Project: Catalogs
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View Catalog: MINT00699

Catalog Name MINT00699
Document
Title Incomplete report on foreign tin trade
Subtitle
Author John Drummond Commission agent in Amsterdam
Place of Origin no place assigned
Origin Date Before 23 September 1706
Repository National Archives (Kew, Richmond)
Pages 353
Wordcount
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0
Language
Contents
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Notes

The production of German tin has been much reduced by the conscription of miners for the war. Imports from Asia have also dropped considerably. Strongly advises against raising the price, however, as this will only be an incentive to the Germans and Dutch to revive production. Cites the example of artificially high sugar prices maintained by the English 1695-1703, which moved the Dutch to a massive increase in sugar importation from Surinam at a lower price, and to plant Java with sugar, with such success that they now look set to ruin the English plantations. The [Dutch-controlled] tin mines of Siam and Malacca are larger than the Cornish ones and yield better tin, so it would be unwise to risk a repetition.||[Writer and approximate date deduced from an obvious reference to this report in Newton's letter to Treasurer Godolphin of 23 September 1706 in T. 1/99.97, MINT00949 (NC, 4: 478-80).]

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