I had a pair of swivels taken off of a german gun by Keith Kearcher a few years ago. The holes were drilled in the bottom of the rib like yours. Keither removed/plugged and re-rust blued the bottom rib. I couldn't tell it had been done even in direct sunlight. The cost then $100. Removing the rear swivel and then plugging and minor finishing and you would have never known the gun had swivels to start with. This isn't a hard fix for a gun smith.
PS. That said, take it to a good smith. I had swivels removed from another gun and it looked like the smith drove two nails in the old screw holes and finished it with a ball peen hammer. That non-fix was also $100 and ended up greatly detracting from the finished product.
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