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ID Title Author Corrected Date of Publication (TCP Date of Publication) STC Words Pages
A25570 An answer to some objections against returning and raising the exportaion [sic] duty on tin 1698 (1698) Wing A3384; ESTC R214338 2,055 1

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An Answer to some Objections against Returning and Raising the Exportation Duty on TIN. Object 1 THAT the Act for Tonnage and Poundage laid but 12 d. in the Pound or 5 per Cent. on all Goods according to their Value and Tin paid 4 s. for every Hundred Weight Coynage Duty andit and before the Duty was taken off 7 s. 4. d. the Hundred Custom In all 11 s. 4. d which is about 20 per Cent. according to the Value of Tin which was then but 2 l. 〈◊〉 s. or 2 l. 10 s. a Hundred to the Tinner Answer As to the Coynage Duty it is by antent Custom paid to the Duke of Cornwal and hath no relation to the Duty fetled in the Book of Rates by the Act of Tonnage and Poundage but is paid by our own Subjects as well as Foreigners in the Country where the Tin is got And as to the 12 d. in the Pound by he Act of Tonnage and Poundage it was not according to the true and real Value of the Goods but according to such Value as was set upon them by that Act in the Book of Rates wherein Tin is valued at 7 l. 6 s. 8 d. the Hundred though the true Value of it Anno 1660 when that Act was made was not near so much Besides if it be enquired what Custom other Goods Exported pay some will be found much to exceed 12 d. in the Pound or 5 per. Cent. As for instance Lead Exported paies 10 l. Custom for every Hundred Pounds in Value And if Lead the Exportation whereof cannot be in Prejudice of any English Manufacture pay 10 per Cent. 't is hop'd it may not be thought unreasonable that Tin the Exportation whereof at so low a Duty as now being plainly prejudicial to the Manufacture of Pewter may pay 15 per Cent. which at the Price of Tin now in London is about 11 s. 6 d. the Hundred Weight Custom and is 8 s. 6 d. the Handred more than the 3 s. a Hundred it now pays and which Tin may well bear without lessening the Foreign Vent of it Object 2 That a great Duty on Tin Exported will so raise the Price that it may discourage the Use and so lessen the Consumption of it in Foreign Countries or else encourage them to bring Tin from East-India there being great Quantities of it in that Country as good as the English Tin which will much lessen the Foreign Vent of our Tin Answer This is but barely alledged and cannot be demonstrated but the contrary may be made appear That Tin will not only bear the return of the Duty of 4 s. 4 d. the Hundred but 4 or 5 s. the Hundred more For though East-India may produce great Quantity of Tin yet 't is manifest to the most experienced Men in that Trade that the Demand for it there is so great that it will yield in East-India and other Countries beyond the Cape of Good Hope from 3 l. 10 s to 5 l. the Hundred Weight and therefore impracticable to bring it into Europe as Merchandize Though sometimes when no better Kentilage can be got some small quantity is brought as Ballast to stiffen the Ship and can be neither more or less by laying an Additional Duty of 8 or 10 s. the Hundred Weight on our Tin exported Besides 't is not so good in Quality as ours for the Dutch give 3 or 4 s. the Hundred Weight more for the English than the East-India Tin at the same time And 't is evident such an Additional Duty will not so advance the Price of Tin as to discourage the Foreign vent of it either by discouraging the Use or Consumption of it in Foreign Countries or by encouraging them to bring Tin from East-India For since the taking off the Duty the last Parliament the Tinner hath advanced the Price of Tin near 20 s. the Hundred to the Foreigner as well as to our own Subjects The Tinners Price being then but 48 or 50 s. the Hundred and the last Christmas Coynage it was advanced to 3 l. 7 s. the Hundred besides the Coynage Duty So that'tis plain that 8 or 10 s. the Hundred Additional Duty will not discourage the Foreign Vent of Tin since that will not advance the Price to the Foreigner one half so much as the Tinner or Merchants hath advanced it since the taking off the Duty And the difference only is that the Duty is to the King and for the good of the Publick and the 20 s. per Hundred now advanced in Price is to the private Gain and Advantage of the Tinner and Merchant who make this Objection against the Return and Increase of the Duty which is not only much to the Kings Advantage but also the only remedy for the Pewterers Grievance Object 3 If a higher Duty be laid on Tin it will so sink the Price of it that the Tinner must bear all that is added to the Duty And consequently greatly impoverish them who are too Poor already Answer If the Consumptioner of any Goods bears the Duty as is generally agreed then the Duty advanced will not be born by the Tinner nor any of our own Subjects but by the Foreigners beyond Sea who Consume our Tin exported But if it should any way affect the Tinner which cannot be admitted they may well bear it out of the 20 s. per Cent. they have advanced to themselves in Price since the 4 s. 4 d. per Cent. was taken off the Duty Note It cannot be denyed but that there is Yearly Exported out of England upwards of 1000 Tuns of Tin one Year with another And therefore every Shilling the Hundred added to the Duty will increase the Kings Custom above 1000 l. per Annum So that 8 or 10 s. the Hundred added to the present Duty will increase the Kings Customs upwards of 8 or 10000 per Annum