Minute book: October 1695, 1-15

Calendar of Treasury Books, Volume 10, 1693-1696. Originally published by His Majesty's Stationery Office, London, 1935.

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'Minute book: October 1695, 1-15', in Calendar of Treasury Books, Volume 10, 1693-1696, (London, 1935) pp. 1406-1409. British History Online https://www.british-history.ac.uk/cal-treasury-books/vol10/pp1406-1409 [accessed 28 March 2024]

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October 1695, 1–15

Oct. 2. Present: Sir Stephen Fox, Mr. Smith.
[Letter of direction for the issue to the Navy Treasurer of] 26,106l. 16s. 10d. for wear and tear: out of loans on the Duties on Coals and Glass.
[Send to] Mr. Knight or Mr. Burton to be here on Friday morning.
[Ibid. p. 92.]
Oct. 4. Present: Sir Stephen Fox, Chancellor of the Exchequer, Mr. Smith.
[Letter of direction for the issue to the Navy Treasurer of] 94,474l. 4s. 8d. for Wear and Tear: out of loans on the Annuity Act.
[Letter of direction] for 31,162l. 18s. 11½d. to be paid to Mr. Burton by tallies on the Excise with interest at 6 per cent.; to complete 72,162l. 18s. 11½d., being the deficiency of the Salt Duties for Lottery tickets for the past year. The rest [of said deficiency is] to be supplied by 20,000l. out of the growing receipts of the Salt Duty and 21,000l. out of the surplus of the 9d. per barrel Excise [granted] for other annuities at Michaelmas last.
It is recommended to Mr. Burton and Mr. Knight to borrow money on the Exchequer in General for the Navy Victualling and for the subsistence of the Forces at 6 per cent. from the date of the tallies till the actual repayment: [the said borrowings] to be transferred to the first funds which shall be given in the next Session of Parliament for those respective uses: and [on such borrowings my Lords order] tallies to be immediately struck for 130,000l. for the Victuallers and 114,474l. 18s. 0d. for the Earl of Ranelagh, to wit 99,274l. 18s. 0d. for 28 days' subsistence [to the Forces] in Flanders to the 7th inst., and 15,200l. for two weeks' subsistence to the Forces in England to the 14th inst., abating out of the latter the sum of 1,286l. 6s. 3d. already paid.
The Agents [for Taxes are] to attend next meeting about Mr. Bearcroft's debt.
The abovesaid 130,000l. is to be paid to the Victuallers by 10,000l. a week, out of which they are to apply 2,000l. a week to their debt [owing] at the Excise Office.
[Treasury Minute Book VIII. p. 93.]
Oct. 8. Afternoon. Present: ut supra
Send to some of the [gentlemen of the] Bank to be here tomorrow morning by ten o'clock about the remittances to Cadiz.
Mr. Dorington and Col. Hewitson [attend].
[My Lords direct] the remainder of the money for the ordinary of the Navy to be issued.
[Ibid. p. 94.]
Oct. 9. Forenoon. Present: ut supra
Mr. Humfreys and Mr. Smith [attend] about Lord Portland's grant. A petition is read from the gentlemen of Wales to the Lords Justices (not referred) [by the said Lords to the Treasury Lords] is read, setting forth that they have new matter against the grant. Mr. Humfreys says he has only a verbal direction from these gentlemen to oppose the grant.
My Lords will allow Mr. Bearcroft 2,500l. for his loss and charges by the robbery by tally on the Excise, but he and his sureties must first pay in his whole arrear as Receiver and clear his account.
[Send] to Mr. Bertie to be here on Friday morning.
Desire the Governor and some members of the East India Company and the [Principal] Officers of the Ordnance to be here on Friday morning about 500 tons of saltpetre for this year covenanted to be delivered by the Company.
The gentlemen of the Bank and the Victuallers [attend] about remittances to Cadiz. The former will call a Court and give [my Lords] an answer.
[Ibid. p. 95.]
Oct. 14. Present: Lord Godolphin, Sir Stephen Fox, Chancellor of the Exchequer, Mr. Smith.
Mr. Walsingham to have a quarter's allowance for the Beagles.
Mr. Foxton to have 50l.
[Letter of direction for the issue to the Paymaster of the Forces of] 2,637l. 5s. 0d. out of loans on the Exchequer in General for subsistence for two Regiments and a Detachment to attend the King in his progress: and the complement [required to make up] to 15,200l. for a fortnight's subsistence [to the Forces] in England to the 28th inst. is to be levied at the same time.
Mr. Ward and Mr. Knight say the Bank will give a letter of credit (at 68 pence for a dollar or [alternatively] at 1 per cent. [commission] and the King to run the hazard of [the exchange on] the bills) for 20,000l. to [be remitted to] Cadiz for the Victuallers. Mr. Knight says the Directors [of the Bank] agreed to do it at 1½ per cent. and the King not to be at the hazard which is agreed to (struck through).
The Victuallers are called in and say that if it be drawn by way of Amsterdam the dollar will cost 64½d. or 65d., according to what it cost the King in the [case of the] bills [of exchange]. If the King had money to remit he says the exchange is 62d. or 62½d.
[Order for] 20,000l. to the Victuallers out of loans on the Exchequer in General for the Victualling at Cadiz.
[Letter of direction for] 1,500l. to the Cofferer; to be imprested to the purveyors and others that are to attend his Majesty in his progress: to be issued out of loans on the Post Office revenue.
[Send word] to Sir William Trumbull to meet at five to-morrow afternoon.
[Send] to the Victuallers to be here to-morrow afternoon.
[Letter of direction for the issue to the Navy Treasurer of] 100,000l. out of loans on the Land Tax: to be applied to wages of ships.
[Send] to the Principal Officers of the Ordnance and the Governor etc. of the East India Company to be here to-morrow afternoon about the 500 tons of saltpetre to be delivered this year.
[Order for the issue of] 500l. to the locksmith in [ready] money.
[Letter of direction for] 1,000l. to the Wardrobe out of loans on the Post Office: to be for services at Kensington, Richmond and for several things wanting for Newmarket.
[My Lords order] the warrant to be prepared for Mr. Wright for the stewardship he desired.
[Treasury Minute Book VIII. p. 96.]
Oct. 15. Afternoon. Present: Lord Godolphin, Chancellor of the Exchequer, Sir William Trumbull, Mr. Smith.
Mr. Jennings and Mr. Humfreys come in on behalf of divers gentlemen to oppose the passing of the docquets for the Earl of Portland's grant. Mr. Jennings says there are parcels in this grant that are already granted in fee farm.
The members of the East India Company and the [Principal] Officers of the Ordnance [attend] about the 500 tons of saltpetre which were to be delivered this year. The [gentlemen say that the] Company have had such losses that they cannot furnish this quantity till their ships arrive, which they expect in a little time. My Lords desire the Company not to dispose of any petre they have; which they promise [to observe].
The Excise Commissioners attend. My Lords will consider their presentment about guineas.
[Send word] to the Customs Commissioners that my Lords have signed a warrant for a non pros upon the information against the ship Two Friends, John Garret master; and my Lords desire them to use such moderation with the officers that they be not unreasonable in their demands.
[Send] a letter to Mr. Vanbrug that my Lords are to attend the King to-morrow and cannot be at the Guildhall.
[Treasury Minute Book VIII. p. 97.]