In view of the non-acceptability of Mint receipts post-14 May for the public loan [see MINT00548 (Mint 19/2/543)], what provision is to be made for the vendors?
To the Rt Honble the Earl of Oxford & Earl Mortimer Lord High Treasurer of great Britain
May it please yor Lordp
In the new Act for raising a fund of two Millions, after a recital of the resolutions of the House of Commons for encouraging the bringing plate to the Mint & adressing her Maty to direct the officers of the Mint to receive the same & of her Majts directions thereupon & of the further Resolution of the Commons that the Receipts thereof should be accepted upon any Loansor contributions upon any funds to be demanded this last sessions & of the receipt of plate at the Mint to be Mthe meltinged down essayed & coinedin pursuance thereof her Mats Warrant: it is enacted that all the Receipts of given for Plate before the 15 brought into the Mint before the in pursuance of her Majts said Warrant before the 15th day of May be accepted by upon the said fund of two millions oby the Receivers of thereofif tendred before ye 25th day of Iune; but nothing is enacted concerning the Receipt acceptance of the Receipts given for Plate imported afterwards. What is to be YourWhereupon I humbly {illeg} And what is to be done thereupon is most humbly submitted to yor Lordps great Wisdome yor Lordps direction about this matter
Is. Newton
<552v>Importers of the said Plate to pay to them respectively – – – – then the same shall be repaid to him or them Out of her Majesties Civil list; money in December or Ianuarybe of half next, if the or so much thereof as shall enable him or them to balance their acctsmake eaven his ac their accounts if the Parliament shall not have provided for the same before Xmas next.
Coincident Received ounces sta. of {illeg} Silver melted out of of oz of played of ye old standard & making in new moneys
Paid into ye Excheqr by vertue of } her Majts warrant of May 10 Paid to the Importers of the plate the produce of the new moneys coined out of their Plate imported before after
(&
The Plate was There were ounces of Plate of ye old standard ounces of Plate of ye new standard & & ounces of plate of uncertain stađ imported between the 154th of May & 20th of Iunice inclusively all wch made ounces standar & being coined into new moneys produced li s d. And the Receipts given out for the same after at the rates voted by the Hosue of Commons amounted unto & the difference between this summ {illeg}& the moneys produced being was paid to the Importers by the Master & Wr of the Mint, partly out of the moneys reserved in his hands by Act of Parliamt for defraying the charges of melting refining & coining the plate imported on the 11 12 & 14th of May, & partly out of other moneys advanced by him.
Source
MINT 19/2/552, National Archives, Kew, Richmond, Surrey, UKMid-June 1711, c. 531 words.