TOWER of London. The Mint. 101

TOWER of London. The Mint.

" the same 14d.¼. is to come out of the 18d. paid by the Subjects, and not out of the Monies."

" And so will remain to her Majesty upon the Pound Weight 3d&threequart;. which nevertheless is more than any of her Majesties Progenitors had in the like Case."

" And yet the Commissioners think, that the Subjects to have the Standard kept upright, and to receive their Money coined by Weight, as heretofore they have done, may be endured to pay 21d. upon the Pound Weight for Coinage and Waste, which is 3d. more than they now do."

" And then will remain to her Majesty upon every Pound Weight, 6d.&threequart;. and the Master to have his 14d.¼. being the Sum agreed on in the Bargain with him, and the Money kept in Perfection in Weight and Fineness."

" The like Consideration is to be had in the Standard of the Gold."

" But if her Majesty shall not like to forbear so much of her own Commodity, (which for the Respects aforesaid they wish it may please her to do) then in a second Degree they think it fittest, that the Matter be thus ordered."

" That the Bullion being delivered by the Subjects at the full Standard of 11 Ounces two penny Weight fine, the same should, by the Oversight and Avouchment of the Warden, be put to the Melting at 11 Ounces 1 penny Weight fine, and be shorn at 3l. 3d. in the Weight: Whereby will be gotten out of the Monies in Fineness and Weight 6d¼. in the Pound Weight, as the half Remedy of the Assay and Shere."

" Which Profit they think meet to be reserved wholly to her Majesty, to be accompted, viz. for the Fineness by the Leiger and Melting Books; and for the Shere by the Tellers Book, as the only true means to make the Accompt by."

" Which 6d¼. being added unto the 18d. paid by the Subjects for Coinage and Waste, will make 2s¼. upon the Pound Weight: Whereof deduct 14d¼. in Money by Tale for the Master's Allowance: And then will remain to her Majesty 10d. the Sum that now she hath."

" But because the Master doth alledge, that 14d¼. is too little to bear all his Charges; the Commissioners in that Request (to encourage him the better to serve her Majesty faithfully in the Place) do think it convenient (if it may so like her Majesty) to make his Allowance the Sum of 15d. upon the Pound Weight."

" And then shall remain to her Majesty 9d¼. upon every Pound Weight, not much less than the Sum she now hath."

" The like is to be had in the Standard of Gold. And whereas John Lonison, now Master Worker of the Mint, hath been charged with the Breach of the Standard; whereby it is alledged that he should be in Arrerage to her Majesty; because that in his Answer it seems that he took it, that his Indenture gave him power to proceed in the Course he hath done; and that the Prosecution of the Suit in the same hath been very chargeable unto him; the Commissioners think convenient, that it may please her Majesty, for the ending to the Controversy, to give him a Discharge for all those Things rising in Question heretofore; and that he may pass his Account to the Warden accordingly."

" And that it likewise please her Majesty to give a Discharge unto Richard Martin, now Warden of the Mint, for to reckon and pass the said Lonison's Accompt in form afore-declared. Which Martin they do not find to have done any Thing in this Controversy thereby to have any particular Gain to himself; but the whole Matters alledged by him to have tended to her Majesty's Service; and for discharging of his Duty belonging to the Office."

" And this being by her Majesty allowed, the Indentures are to be renewed."

" Finally, if Lonison will not accept of this last Offer, to have 15d. upon the Pound Weight, and to be discharged of that is past, then the Commissioners think good, that her Majesty should make choice of another Officer, that will serve the Place in such sort as may be most beneficial to her Majesty."

" Nevertheless because Lonison shall not be dismissed without sufficient Recompence for his Service and Interest, the Commissioners think convenient, that he have a Pension of 300l. by the Year, during his Life, to be paid out of the Coinage; or, that wanting, out of her Majesty's Receipt; and One Hundred Pounds a Year after his Decease unto his Wife, during her Life out of the Coinage."

"Nic. Bacon.
Tho. Sussex.
Chr. Hatton.
Walter Mildmay.
William Burghley.
Robert Leicester.
Francis Walsingham. "

But Lonison, not complying with the Commissioners, or dying before all was ended between the Queen and him, there was brought in to his Executors a Charge of his Debt to the Queen, for so much as in his Time he had impaired the Monies of Weight and Fineness under their just Standard. So that from Apr. 1572, to October 1578, there remained due to the Queen by him for the Remedies of the Assay, and Shere upon Gold, Molton and Coined 62l. 07s. 11d. and 8 Mites. And also remained due and owing to the Queen for the Remedies of the Assay, and Shere upon Silver Molton and Coined 1876l. 13s. 3d. and 8 Mites. Sum Total due to her Majesty for Gold and Silver, according to the Leiger and Tellers Books, 1939l. 02s. 2d.½. 4 Mites.

Lonison's Debt to the Queen.

Upon the foresaid Resolution of the Commissioners for Lonison's Business, these Matters following were concluded upon, or perhaps propounded, only (by the Lord Treasurer's Device chiefly) for the Coining of Gold and Silver, and for Allowances to be made to the Warden and Master Worker.

Conclusions for Coining Gold and Silver.

Besides the four Manner of Monies of Silver, one Piece of a Penny shall be coined; so as 720 thereof make the Pound Weight.

Pence of what Value.

The Bullion of Gold shall be coined at 23 Caracts, 3 Grains, Quarter of fine Gold, and three Quarters of a Grain of Alloy.

The Silver Standard at 11 Ounces one Penny Weight fine, and 19 Penny Weight of Alloy into the Melting Pot.

The Gold to be 36l. 01s. 10d.½. Pound Weight.

The Silver at 60s. 3d. the Pound Weight.

The Warden shall take up in every Pound Weight of Gold 5s. 10d.½. out of the which he shall pay to the Master Worker 3s. 4d.½.

And he shall take of every Pound Weight of Silver 2d. by Tale; out of which he shall pay to the Master Worker 12d.¼.

Note, there shall be retained out of the Commixtion of Gold, one 18th Part of a Caract of Gold, of every Pound Weight of a Pound of Gold.

And one Penny Weight of Silver of every Pound of Silver; which the Master Worker shall have to his own Use, besides the said 3s. 4d.½. abovesaid for Gold; and 12d.&threequart; for Silver, towards all manner of Charges.

From April 1572, to Octob. ult. 1573. Gold Monies Coined were Poiz 583 Pound Weight, 11 Ounces three Quarters. From the last of

Quantity of Money Coined, Gold and Silver.