1 - Welch Plug. It covers up the area needed to machine the idle and transition ports in the bore of the carburetor. You should not need to remove it. Use carb cleaner with the straw and spray into the idle and transition ports from inside the bore of the carb.
2- Low Speed Adjustment
3 - High speed Adjustment
It's possible that the High speed mixture is fixed and non-adjustable. It's also possible that the mixture screw is missing. Look inside the hole, threads, the screw is missing, no threads, the High speed mixture is fixed.
Hope that helps.
Jim