THE COURT of DIRECTORS of the COMPANY of SCOTLAND , Trading to AFRICA and the INDIES , Finding , That the Nature and Course of their Trade , in many Places , as well within , as without this KINGDOM ; Doth , and will Create , frequent Receipts , and Payments of Great Sums of Money ; Which may Occasion much unnecessary Hazard , Expence and Trouble , and be a great Obstruction and Hindrance , Not only to the Trade and Circulation of this COMPANY , But even to that of the NATION , should such Payments be always Transmitted from one Place or Person to another , in the real Species of Money . For Remedy , and the greater Ease , and Convenience of which , The said COURT of DIRECTORS , Do hereby Appoint and Ordain the Committee of Treasury of this COMPANY , from Time to Time , By Notes or Bills , Payable upon Demand , Signed by the Cashier of this COMPANY , and Counter-signed , and entred in their Books by some or one of his Assistants , To Charge this Joynt-Stock or Capital-Fund with the Payment of such Sum or Sums of Money as they see needful : And such Bills or Notes shall be Accepted , Received , and Taken in Payment , in all the Receipts of this COMPANY within or without this Kingdom .