Copy of letter outlining the use of plate brought into the Mint

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To ye Rt Honble. The Early of Oxford & Earl Mortimer: Lord High Treasr of Great Britain

May it please yor. Lordsp.

IN. obedience to yor Lordsps. verbal order I humbly lay before yor. Lordsp an accot. of ye Plate brot. into ye. Mint. The recpts. given for Plate brot. into ye Mint before ye 15th. of May amot. unto 48845£: 11sh. 8d. & ye Plate was melted into 189 Ingotts & made 14640 Lwt. 01oz.: 12dw: 6gr. of standard silver besides what remaines in ye sweep.

The Recpts. given for Plate brot. into ye Mint from ye 15th. May to ye 19th. of Iune Inclusive amots. unto 26564£: 18sh: 6d: & the Plate was melted into 97 Ingotts & made 7940 Lwt. 04oz: 8dwt: 01gr of standard silver after ye rate of 5sh: 2d ꝑ oz will make 24615{illeg}£: 2sh: 8d: of new moneys which being deducted from ye sum̄e of ye recpts. leave a loss of 1949£: 15sh: 10d

There have been brot. into ye Mint since ye 19th Iune 3620oz: 10dwt of Plate of ye old sta of 1500: oz: of Plate of ye new, which after the rate of 5sh. 5d: old & 5sh: 8d: new will amot. unto 1405£: 11sh: 00d & the silver will make about 1300 pounds of new money in Tale. But this is not yet melted or are any Recpts. given for it excepting for about 300: oz: I pray yor. Lordsps directions whether this Plate shall be coined or returned to ye owners.

The silver to be got out of the sweep will exceed all charges relating relating to ye first melting & if yor. Lordsp. pleases to allow the matter after ye rate of 5sh. pr Ingott for battering the silver to fitt it for ye melting Pott & for melting it & making up ye sweep (which I account a very moderate allowance) I shall be able to state the whole accot. to yor Lordsp so soon as the sweep is made up & the coinage finished.

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All wch. is most humbly submitted to yor Lordsps

great wisdom

Is. Newton.