Draft of MINT00416 (Mint 19/3/74)

<129r>

To the R^t Hon^ble the L^d High Treasurer of great Britain.

May it please your Lord^p

We have consi

In obedience to yo^r Lo^ps Order of Reference of 27^th Nov. we have considered upon the annexed Memorial of the three Comm^rs appointed by her Ma^ts \late/ Privy Council of Scotland {illeg} to receive all the Scotts & Forreign coin, see it melted into Ingots & to be \& delivered to be coined/ & certify the deficiency, in w^ch Memorial they humbly pray\desire that/ yo^r Lord^p will be pleased to appoint them a suitable reward: We have considered the same & are for their own pains\attendance/ & trouble & to pay their Clerk & other servants & defray the dayly charge they are put to: We have considered the same|id\Memorial/| & becaus these attendance business \of these Comm^rs/ requirin|es|g a care diligent attendance \& circumspected/ at the meltings |[|& havin|th|g already lasted above a year & a quarter,|]| & their trust in {illeg} receiving the old money by tale tale & weight & computing & certifying the deficiency is also considerable; we are humbly of opinion that |[|for all their service from y^e beginning to y^e end of y^e coynage|]| they may deserve for themselves & \{illeg}/ their Clerk & other servants |[|the summ of eight hundred pounds one half thereof at present & the other{illeg} {s}|h|alf so soon a {sic} the coinage shall be finished & we are humbly of opinion that the Equivalent is the most proper fund out of w^ch this reward should be paid|]| one quarter per cent or two pence per pound weight of all the new Ingotts of silver delivered {illeg}|fro|m the melting pot to the Master of the Mint \by weight & assay/ to be coined,\after the rate of thre farthings per pound {illeg}|ta|le of all the new money paid back from the Mint to priva the Bank & from the Bank to private importers. {sic}/ & these Comm^rs acting in behalf \acting {illeg}\with/ the Bank of Scotland {illeg}|&| public /importers & doing the business\/ \in/ {sic} of private persons \for lessening their charge/ before the coynage of their silver begins we are humbly of opinion that \of their {sic} be or shall be any money remaining out of w^ch/ the equivalent is|w||as| the most proper fund for the payment of this allowance\if their|re| be or shall be any money remaining on this fund out of w^ch it can be paid//& that it should have been deducted {for} \& reserved for these Comm^rs/ out of the new moneys paid back to private importers from the beginning of the coynage & reserved for paying the Comm^rs {Commissioners} three Comm^rs, w^ch deduction & reservation not being made we know not what other fund to propose for the time past. {sic}\. And whereas by an Act of y^e last Parliament it was {sic} enacted that the all dues from the Equivalent should be paid in such o|O|rder as the Exchequer of North Britain \should/ appoints {illeg} the {illeg}|design|e of w^ch Act we humbly conceive was not to {illeg}|co|ntradict or repeale any part of y^e Act of Vnion but only to order the \course of/ payments so far as it was not ordered by the Act of Vnion & in the said Act of Vnion there is a clause for importing that the losses w^ch private persons may sustein by the recoinage of the money should in the first place be made good out of y^e Equivalent: We are humbly of opinion that the Comm^rs of y^e Equivalent may lawfully pay the said summs\allowances/ before all other dues not relating to y^e coinage

< insertion from the left margin >

{illeg}\this allowance is due {illeg}/of private persons/the Importers\ & |so| /to be\ recconned among the losses w^ch they \private persons necessarily/ sustein by the recoinage of their money, the recoinage being otherwise impracticable. And by consequence the Equivalent is by the Act of Vnion, the most proper fund for paying this charge

< text from f 129r resumes > <129v>

account of the importations & their deficiencies: