The Lure of Tin
The Lure of Tin
This chapter focuses on Oxford's tin mining campaign. Oxford planned to ‘farm’ the Queen's tins by securing the ‘pre–emption’ of this wealth–producing metal. Preemption was a monopolistic practice intended to forestall competitive underbidding by suppliers: instead, one person or corporation would buy up the whole annual production and offer it for sale at a controlled price. Approximately one–third of Oxford's surviving letters and memoranda derive from his tin–mining campaign. These missives fall into two groups: first, 15 letters and some three memoranda, 20 March 1595 to 14 March 1596; second, three letters and some six memoranda, in or about June 1599.
Keywords: monopolisation, tin mining, annual production, underbidding
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