Response to the tender of Peter Floyer and Charles Shales for melting down hammered silver coin and converting it into standard silver: their proposed fee is excessive and they should be beaten down

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To the Right Honourable the Lords Commissioners of his Majesties Treasury.

May it please Your Lordships

In obedience to your Lordships Commands I have perused the Proposals of Mr Peter Floyer & Mr Charles Shales for receiving the hammered money & delivering the full weight thereof in standard silver into the Mints deducting only for a recompence eight grains out of every ounce Troy, which is 12d$\frac{\mathrm{1}}{\mathrm{2}}$ $\frac{\mathrm{1}}{\mathrm{2}}$ farthing in every pound weight. I have also perused Mr Hall's consideration upon the said Proposalls wherein he lays before your Lordships what in his opinion the charges of performing that service may amount to upon the pound weight, vizt

		d
For the first melting		$\frac{\mathrm{3}}{\mathrm{4}}$
For the wast in melting		2	the sweep being estimated at a farthing.
For the loss by the worsness		2$\frac{\mathrm{3}}{\mathrm{4}}$
For refining		$\frac{\mathrm{1}}{\mathrm{2}}$	$\frac{\mathrm{1}}{\mathrm{2}}$ farthing.
For incidents		$\frac{\mathrm{1}}{\mathrm{2}}$
	In the whole	6$\frac{\mathrm{1}}{\mathrm{2}}$ & $\frac{\mathrm{1}}{\mathrm{2}}$ farthing.

This allowance I conceive to be sufficient. And I most humbly propose that the Gentlemen may further deserve for their care trouble & hazzard in so great an undertaking one penny upon every pound weight: which makes the whole allowance upon every pound weight to be 7d$\frac{\mathrm{1}}{\mathrm{2}}$ & $\frac{\mathrm{1}}{\mathrm{2}}$ farthing.

All which is most humbly submitted

to your Lordships great wisdome.

[1]

Is. Newton