Draft memoranda on legislation under Queen Anne relating to duty on foreign trade

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The Act of Parliament Anno 2 & 3 Annæ Reginæ, entituled An Act for granting to her Majesty an additional Duty of Tunnage & pPoundage &c ordeins that the value of East India Goods (except Coffee) according to wch the Duties are to be paid (except Coffee) that is the {illeg}cleare value to be taxed shall be recconed according to the gross Price at wch such goods shall be sold, making the following allowances or abatements out of ye same, vizt out of ye values of the said Goods ascertained &by the Price at the Candle there shall be a deduction & allowance made of so much ats the Net Dudties payable to her Maty for the same goods do amount unto, & so much as the respective Companies or Traders shall bona fi{illeg}de allow for prompt payment to the persons who at such sales shall byuy the said {illeg}Goods at Time & also six per cent upon the gross price by the candle for the charges of the sd Companies & Traders {illeg} in keeping the said goods till the time of sale. And the remainder is the clear val{illeg}ue &of the Goods according which the said Duties are to be paid, that is, upon wch they are to be laid & rated , tashat is, the clear value to be taxed. The Merchant is not to be taxed for these Quæ three deductions because they are not his money but his debts charges & abatements out of wch he pays or makes to the Queen & others out ofto others taken out of the Gross price. And the remainder is the clear value to him upon wch the the Duty is to be laid pays for wch he is to be charge pay ye said Duty of the Queen.

Quære 1. If the Duty Net Duties payable

This In a a small Treatise printed at Paris 15689 & entituled And historical dissertation upon some coins of Charles the great Ludovicus Pius, Lotharius & their successors stamped at Rome there is a cutdraught of a Mosaic piece of Mosaic work wch Leo the III caused to be made in his Palace neare the Church of Iohn Lateran in memory of his sending the standard of the city of Rome to Charles Ithe great, & wch remained there till the publishing of the said tTreatise & may still be there. It In this piece ofmosaic work there appears Peter wth three keys lying in his lap & with his right hand riching the Pallium to the Pope, & wth his right hand & the Banner of the city to ye Emperor Charles ye great wth his left. By the Pope is this inscription & by the Emperor this SCSSIMVS D. M. Leo LEO PP; by the King this D. N. CARVLO REGI: & under the feet of Peter this, BEATE PETRE dona vitam Leoni PP, ET BICTORIAM CAROLO REGI DONA. By the inscriptions it appears that this piece of Mosaic work was made before Charles was Emperor supp & by consequence upon th suppose in the year 796 or 797. when the Banner was f{illeg}r & by The three keys in the lap of Peter signify the keys of his Patrimony the thre {sic} parts of his patrimony, {illeg} viz Rome wth its Dutchy, Ravenna wth the Exarchate & the {illeg} territorieys taken from ye Lombards. These were the three dominions whose keys were in ye lap of Peter & whose crowns are still worn by the Pope.