Contents
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
[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.]