Draft of MINT00416 (Mint 19/3/74)

<129r>

To the Rt Honble the Ld High Treasurer of great Britain.

May it please your Lordp

We have consi

In obedience to yor Lops Order of Reference of 27th Nov. we have considered upon the annexed Memorial of the three Commrs appointed by her Mats 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 wch Memorial they humbly praydesire that yor Lordp will be pleased to appoint them a suitable reward: We have considered the same & are for their own painsattendance & trouble & to pay their Clerk & other servants & defray the dayly charge they are put to: We have considered the sameidMemorial & becaus theseattendance business of these Commrs requirinesg a care diligent attendance & circumspected at the meltings [& havinthg 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 ye beginning to ye end of ye 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} shalf so soon a {sic} the coinage shall be finished & we are humbly of opinion that the Equivalent is the most proper fund out of wch this reward should be paid] one quarter per cent or two pence per pound weight of all the new Ingotts of silver delivered {illeg}from the melting pot to the Master of the Mint by weight & assay to be coined,after the rate of thre farthings per pound {illeg}tale of all the new money paid back from the Mint to priva the Bank & from the Bank to private importers. {sic} & these Commrs 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 wch the equivalent iswas the most proper fund for the payment of this allowanceif theirre be or shall be any money remaining on this fund out of wch it can be paid& that it should have been deducted for & reserved for these Commrs out of the new moneys paid back to private importers from the beginning of the coynage & reserved for paying the Commrs Commissioners three Commrs, wch deduction & reservation not being made we know not what other fund to propose for the time past. {sic}. And whereas by an Act of ye last Parliament it was {sic} enacted that the all dues from the Equivalent should be paid in such oOrder as the Exchequer of North Britain should appoints {illeg} the {illeg}designe of wch Act we humbly conceive was not to {illeg}contradict or repeale any part of ye 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 wch private persons may sustein by the recoinage of the money should in the first place be made good out of ye Equivalent: We are humbly of opinion that the Commrs of ye Equivalent may lawfully pay the said summsallowances before all other dues not relating to ye coinage

< insertion from the left margin >

{illeg}this allowance is due {illeg}of private personsthe Importers & so to be recconned among the losses wch 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: