Further holograph draft of MINT00307 (Mint 19/2/195)

<202r>

Sr Lambert Blackwell & I are agreed of opinion that eight or nine hundred thousand Mexico or Sevil Dollars may be that will may be received at Port Mahon by tale [& by the weight of the whole & an account be taken by persons deputed on both sides.] And that interest may be allowed at ye rate of five dollars pr cent per an to be paid half yearly., The pay & the principal repaid by tale [& weight] in the like dollars at ye end of two years: but if the {illeg} & {illeg} the weight of the whole.. For Mexico dollars are pretty equal in their weight, being one with another 17w{illeg}t & 10 or {illeg}12{illeg}gr, as they come from Mexico. And if But in default of such Dollars we are not yet agreed how the payment of thofe surplus shall be made up in other {illeg} moneys or Bullion.

If the paymyents are tomisay be made in the same standard weight of the silver received, then the whole weight of soe many the Dollars received at Mexico Port Mahon must be taken by persons deputed on both sides, & the same & the weight of the Dollars paid must be deducted & the residue must be reduced to standard, recconing Mexico Dollars to be 11oz 1dwt fine: And th{illeg}e standard weight must be repaid in bullion at Genoa., But because Mexi & this would be most for her Majts advantage. But considering the charge of coinage to turn the bullion into current Money & considering also that {illeg} Mexico or& Sevil Dolars {sic} aremay be worth more to the Merchant at Genoa then bullion of the same standard weight, it is doubted whether the Geouise w{illeg} will take less bullion then what may be there of equal value to the Merchant then so much {illeg} money in Dollars.

Vpon athe annexed proposal shewed meshewed me by Sr L. Blackwel, by yor Lordps order about borrowing 100000 Mexico DolarsMexico Dollars of the republick of Genoa to ye vallue offor stating setling the value of Mexico Dollar Dollars to be borrowed of the republic{illeg}k of Genoareceived at Port Mahon: I humbly represent that those Dollars are 11oz 1dwt fine & weigh 17$\frac{\mathrm{1}}{\mathrm{2}}$dwt one wth another when fresh out of the mint, & are {illeg}then worth 4s 6d a piece & oif a grain or two be abated for wearing {illeg}they will be worth about 4s 5d{illeg}$\frac{\mathrm{}}{\mathrm{}}$$\frac{\mathrm{5}}{\mathrm{6}}$: {illeg}At wch ratea piece And in this valuation Sr Lambard agrees wth me: for he tells me that 1000 Dollars of this sor{illeg}t {illeg}are found by merchants to weight 872 ounces Troy wthin an ounce or two over or under: & at this rate a Dollar weighs 17dwt 1{illeg}0gr$\frac{\mathrm{1}}{\mathrm{2}}$. If at a medium. If

I{illeg}f an eaven {illeg}ber of the Dollar

Sevil Dollars fresh {illeg}out of the Mint old Plate were formerlyformerly worth 4s 6d a piece fresh out of the Mint but are now much diminished by we{illeg}aring, the Spaniards about 25 & the Sevil Dollars new Plate are of a lighter species being worth but 3s 7d a piece. or 3s 7$\frac{\mathrm{1}}{\mathrm{4}}$d a piece. The Pillar pieces of $\frac{\mathrm{8}}{\mathrm{8}}$ are finer but more worn then the Mexico., The & but few in number, the Peru pieces are coarsest & most worn & diminished.

IfAfter the Mexico Dollars are told {illeg} out of the baggs they may be weighed by a thousand at a draught for ascertaining theis value more exactly, & an account may be taken of them by persons deputed on both sides & weights by wch they are weighted to may be compared exactly wth out weights Troy by the same persons.

If an eaven number of Dollars suppose eight or nine hundred thousand be borrowed: the interest at 5 per cent may be recconed also in dollars & both interest & {illeg}principal paid either in Dollars or in bullion at such a rate {illeg}as shall be agreed upon.