Draft of MINT00416 (Mint 19/3/74)

<130r>

In obedience to yo^r Lo^ps Order of Ref. of y^e 27 Nov. last, upon the annexed Memorial of the three Comm^rs appointed by her Ma^ts late Privy Council of Scota|l|and to receive all the S|c|otts & forreign coin & see it melted into Ingots & the Ingo deliver the Ingots by weight & assay to thhe Master of the Mint \at Edinburgh upon this Note/ to be coined & to certify the deficiency; in which {illeg}|M|emorial they \represent that their Commission bears that they shall be sufficiently rewarded {illeg}|&|/ humbly desire that your Lord^p will be pleased to appoint them a suitable reward for their own attendance & trouble & t|f|o|r| pay|ing| their Clerk & other servants & defraying the daily charge they are put to: {sic} We have considered \& grownd their Petition upon their Commission w^ch bears that they shall be sufficiently rewarded: We have considered/ the said Memorial, & because the business of these Comm^rs requires diligent attendance & \in their own persons & constant/ circumspection at the meltings, & their trust {illeg} in receiving the old money by tale & weight & computing & certifying the deficiency is also considerable; We are humbly of opinion that they may deserve for themselves & for paying their Clerk & other servants, a reward after the rate of two pence per pound eight of all the Ingots of silver delivered f{illeg}|r|om the {illeg}|m|elting pot to the Master of the Mint by weight & assayed to be coined|.| & we humbly\act as/ conceive the Equivalent to be most proper And because these Comm^rs out \in conjunction/ with the Bank of Scotland {illeg} \act as trustees &/ common Importers for all the people {illeg} \& in their service and do/ the buisiness w^ch private Importers must have otherwise done for themselves {&} \or procured to be done/ at their own charge, before the silved|r| could have been delived {sic} into the Mint to be coined \& are entrusted between the Comm^rs of the Equivalent & the people to certify keep an account/; the charge of maintaining\imploying/ these Comm^rs is \in our humble opinion/ to be put upon the account of the Importers & \so to be/ recconed among\& allowed out of the equivalent as a part of/ the l{illeg}|o|sses w^ch private persons sustein by the recoinage of their money, {illeg} \this/ recoinage being otherwise impracticable) & by consequence the Equivalent {illeg} w^ch is to make good those losses, seems to us the most proper fund for paying the said reward\being required by the Act of Vnion & being impracticable without this allowance./ |[|And whereas by a clause in an Act of the last Parliam^t the Exchequer of north Britain wer|as|e impower to order the course of paym^ts \in w^ch payments {illeg} are to be made/ out of the Equivalent, we are humbly of opinion that the meaning intent of this clause was not to repeale contradict or repeal any part of the Act of Vnion, but only to order the course of paym^ts so far as they were not ordered by that Act, & therefore the clause in that Act, th{illeg}|at| the losses w^ch private persons may sustein by y^e recoining of their moneys is still of form shall be made good in the first place, is still in be made good, \is still in full force &/ impowers the Comm^rs of the Equivalent to pay the allowance to these three Comm^rs before all other dues not relating to the coinage.|]|