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To J[oh]n Bacon Esq.r Newcastle 8th September 1732
Sir,
Before I reced your Lre of the 6th I had agreeable to your Sons desire, made an Assay of 289 p[iece]s of your Lead now at Bollyhope Mils, w[hi]ch is not nigh so rich in silver as the last I bought of you, or the 300 p[iece]s you offered me last year, for it Yields only, as follows, if Daltons report to me in just, & I do assure I verily believe it is -
186 ps oar hearth Lead yields 3 gra[in] pr lb or 15 oz pr Fother
96 ps Slag Lead yields 2 or 10 pr Do
According to w[hi]ch I send you a Computation of its Value as within w[hi]ch if we shall not make a Bargain, may be some guide to your disposeing of it, being as nearly the truth as I can come, if you will accept of £14.15s.0d pr Fother for the whole I agree to give it tho[ugh] its scarce worth the While, & if <so> I desire you will order the delivery at Blaydon in 14 days.
The Lease of our Lead Mills being expired about 5 years, I am to remind you of renewing & desire your Answer if I may get a new Lease prepared at price of £50 I hope you will think well of being no more than the last price of £40 when the Interest of the sum for 5 years is considered, Mr Blackett is come to an Agreemt w[i]th the B[isho]p, under a most exorbitant price of £900.
I am etc J.R.
Ps Fothr
186 oar hearth Lead abt 12 at 15 oz is 180 oz at 5s 8 1/2d £51 7 6
96 Slag Lead abt 6 at 10 oz is 60 oz at Do £17 2 6
18
Waste in Refinery 2
Remains 16 Fothers, at £13.10.0 will be £216
£284 10 0
Workmansp in refining & reducing 18 Fothr £10.16s.0d
Fireing, Boneashes etc £ 4.10s.0d £ 15 6 0
£269 4 0
The above 18 Fothr at £14.15s pr Fother will be £265 10 0
Remains £ 3 14 0
