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Ireland 'is and ought to be inferior to this Kingdom, and subservient to it's interests'. Such a measure would be to the advantage of Irish and detriment of British trade, and might ultimately lead to Irish secession.
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Calendared in CSPD 1700-1702, 329 (a copy of this and numerous other documents relating to proposals for a Mint in Ireland having been sent to the Treasury by James Vernon c. May 1701).