Draft of MINT00416 (Mint 19/3/74)

In obedience to yor Lops Order of Ref. of ye 27 Nov. last, upon the annexed Memorial of the three Commrs appointed by her Mats late Privy Council of Scotaland to receive all the Scotts & 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}Memorial they represent that their Commission bears that they shall be sufficiently rewarded {illeg}& humbly desire that your Lordp will be pleased to appoint them a suitable reward for their own attendance & trouble & tfor paying their Clerk & other servants & defraying the daily charge they are put to: {sic} We have considered & grownd their Petition upon their Commission wch bears that they shall be sufficiently rewarded: We have considered the said Memorial, & because the business of these Commrs 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}rom the {illeg}melting pot to the Master of the Mint by weight & assayed to be coined. & we humblyact as conceive the Equivalent to be most proper And because these Commrs 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 wch private Importers must have otherwise done for themselves & or procured to be done at their own charge, before the silvedr could have been delived {sic} into the Mint to be coined & are entrusted between the Commrs of the Equivalent & the people to certify keep an account; the charge of maintainingimploying these Commrs 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}osses wch private persons sustein by the recoinage of their money, {illeg} this recoinage being otherwise impracticable) & by consequence the Equivalent {illeg} wch is to make good those losses, seems to us the most proper fund for paying the said rewardbeing required by the Act of Vnion & being impracticable without this allowance. [And whereas by a clause in an Act of the last Parliamt the Exchequer of north Britain werase impower to order the course of paymts in wch 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 paymts so far as they were not ordered by that Act, & therefore the clause in that Act, th{illeg}at the losses wch private persons may sustein by ye 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 Commrs of the Equivalent to pay the allowance to these three Commrs before all other dues not relating to the coinage.]