beanys & peson taward[es] the vytayling of late
Thomas Erle of Surrey Tresorer of englande
grete Capteyn And deputie to owre saide Sov[er]ayn
lorde & hys hoost in hys warres northwarde A
ganyst the king of Scott[es] & hys subjett[es]
The hostmen, who were often also the Burgesses of Newcastle and the coal owners, exploited a custom often used in other cities of 'foreign bought and foreign sold'. This custom provided that any goods brought into the town by a foreigner (either an Englishman or an alien) who was not a freeman, could be bought only by a freeman, and similarly any goods purchased must be bought from a freeman. Thus, in every case of a purchase or a sale, one of the parties must be a freeman.
Whatever the mayor and the town officials did, they did it in flamboyant style, not least in the manner of their dress. In December 1508 an amount of £4 6 shillings was spent on a silver collar for their minstrel William Carr that weighted in at a hefty 16 ounces. This was in addition to expenses for the Mayor’s sword belt made of velvet, a silver gilt buckle and pendant, £11 was spent on the liveries of the town’s sergeants and waits (minstrels), and in January 1509, 9 shillings was spent on 27 grey skins for the mayor’s new hat. It paints a colourful picture with the Corporation and other Town Guilds at the centre of what would appear to be a prosperous and bustling town.
'It[e]m paid to John yest[er] (note the yogh in place of the consonant 'y') ffor iij dayis (note the 'is' ending) d[imi] s[er]vying (note the yng ending where the y is used in place of the vowel 'i') the masons 10d ob (10 old pence halfpenny)'
Oxford English Dictionary http://www.oed.com/view/Entry/223242?rskey=osF6WP&result=1#eid
 ‘Peson’ is the archaic word for peas.
 Peter D Wright, Life on the Tyne: Water Trades on the Lower River Tyne in the Seventeenth and Eighteenth Centuries, a Reappraisal, Abingdon, 2016, p4.