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[Page 4]
be about 24 pence to the Pound which pound when melted down is worth about 11 pence. Those Counterfeiters who make halfpence as heavy must Stand at the Cost of about 16 pence a Pound.
it is Proposd that for the future 3 halfpence or 6 farthings Shall go for a Penny & that the Copper money Shall be for the future Coind in their Proportion of weight 2 & 4 for a Penny as usual that is 16 pence 32 halfpence & 64 farthings in the Pound of Copper.
if one Ton of Copper gives 35,840 pence
100 Tons will give 3,584,000
200 Tons - 7,168,000
halfpence were originally Coind exactly very near at the worth of one Farthing intrinsic, a Pound of Copper worth 11 pence was Coind into 23 half pence or 46 Farthings halfpence.
March 9
Quantity of Coin Mr. Boulton can Produce
Mr. Boulton says he Can Strike 10,000 pounds of Copper per day
60,000 per week which is 25 Tons & will Produce about a million of Pence £4000
[In margin]
Modes of supply for Copper
He suggests that the best source of supply for Copper is the dock yards from whence the old Sheetting Bolts &c may be purchased. There are 14 Companies in England who monopolise Copper, all Sales of ore are attended by them & by them only on a lot being put up. Each person gives a written bidding & when all are collected in a Lot the Chairman Reads them & the highest bidder takes the Lot. Mr. Boulton belongs to the Rose Copper Co at Birmingham & has therefore a right to bid.