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14. Paris on Amsterdam 54433d. Flemish per crown and on London 314d. sterling; How then ought the exchange to go between London and Amsterdam ?

16

Answ. 34s. 6d. Flemish 4 pound sterl.

15. Amsterdam exchanges on London at 34s. 6d. Flemish pound sterling: and on Paris at 5442d. Flemish per crown: How then ought the exchange to go between London and Paris? Answ 312d. per crown.

IV. Foreign weights and measures, &c. may be compared and arbitrated by the same rule of conjunction.

16. Suppose 4lb. of A are worth 3lb. of B, and 5 of B equal to 45 of C, and 6 of C to 5 of D; how many pound of D are equal to 210 of A?

A 4 3 B

Contracted.

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17. If 3 yards of cloth cost as much as 33 of ratteen and 4 yards of ratteen are worth 5 yards of drugget, how many yards of drugget are then worth 27 yards of cloth? Answ. 37 yards.

18. If 3 yards in London are equal to 4 ells in Holland, and 50 ells in Holland cost 261. Flemish; how many pounds Flemish will 40 yards in London come to?

Answ. 27. Flemish.

49. What will of pepper cost, if 3. of cloves cost as much as 6b of pepper, and 2. of cinnamon cost as much as 4. of cloves, and 3b. of cinnamon cost 8 shlllings? Answ. 10d. ib.

20. If 10 at London be equal to 9 at Amsterdam; 45. at Amsterdam to 49. at Bruges, and 98 at Bruges to 116, at Dantzick; how many pounds at Dantzick are equal to 112 at London? Answ. 129

97

21. Suppose a merchant at Hamburgh hath orders to procure S1 yards of English cloth, so that 7 ells of Hamburgh may be procured for 31. sterling: Now if 7 ells of France make 9 yards of London, and 7 ells of Holland make 4 ells of France: and 1 ell of Holland make 1 el of Hamburgh; how much will the said cloth amount to at Hamburgh, the exchange heing at 33s gros sterl? 5. Con

Answ. 701 ms. 10 S. 7 den.

5. Concerning the Gain or Loss by Exchange.

Note. When the exchange is so many pence sterling for some piece of foreign money the gain is the more, the lower the exchange for it is evident I can receive more French crowns for 1001. when the exchange is at 30d. than when it is at 33d.

But when the exchange is so much per pound sterling, the higher the exchange, the more the gain; for I can re-ceive more Flemish money for 1001. sterling when the exchange is at 35s. than at 33s. Flemish per pound sterling.

22. When the exchange between London and Dublin is 7 per cent. which is it better for a merchant here to draw a bill on London or have specie sent him, and what is the dif ference per cent. ? Answ. Specie better by 1 per cent.. From the exchange of 1001 at par 8} Take the current exchange

Remains

7

Gain

per cent. 23. A merchant in Lisbon owes a merchant in Dublin 850 milreas. Which is most advantageous to Dublin to have the same sent over in moydores of 4 milreas each, which pass here for 29s. 3d per piece; or to have it remitted to London, at 6s. 6d. per milrea, and from London> hither at 8 per cent. advance? Answ. Moydores better

by 4 per cent.

24. A at Paris draws on B of London 1200 crowns, at 31d. per crown: for value whereof B draws again on A at> 33d. per crown, besides reckoning per cent, for his com mission. Did A get or lose by this transaction, and what?

Answ. He gains 30 cro. 1 liv. 12 sol. 9 den.

25. A of Amsterdam owes B of Paris 1000 gilders of current specie, which he is to remit him, by order, the exchange at 60 d. Flemish de Banco per crown, the agio being four per cent. but when this is to be negociated, the exchange suppose fallen to 594d. per crown, and the agio risen to 5 per cent. Did B get or lose by this turn of affairs, and what? Answ. 9 cro. O liv. 3 so. 4 den. he gets.

26. Exchange between London and Dublin, being at 74 per cent. in Dublin, and 81 in London, suppose A B of London, owes me 5601, 15s. English: I want to know the difference between my drawing and his remitting me the said sum? Answ Remittance better by 41 4s. 1d. 27. Suppose A of Bourdeaux owes B of Dublin 1036 crowns, and the exchange between Paris and London is

Y-3

314

31d. per crown, between Paris and Amsterdam 56d. Flemish per crown, and between Amsterdam and London at 34s 8d. per pound sterl. The question is, whether B had better have the money remitted immediately from France, or by way Amsterdam; and what advantage he gets, aduitting his correspondent at Amsterdam is to have per cent. for negociation? Answ. By Amsterdam better by 21. 15s. 94d. English.

INVOICES

Intended for Exercises of sundry preceding Rules.

1. INVOICE of 49 barrels of beef, and 10 hogsheads of white biscuit, shipped by me Isaac Sharp on board the Dublin Merchant, Nicholas Tory, master, and consigned to Thomas Gunston, merchant, at Port Loyal in Jamaica, for account and risque of Richard Allom of London, being marked and numbered as per margin, contents cost and charges, viz.

49. barrels of beef, at 15s. 6d. per barrel. -£. C. grs. lb.

10hhds. of white biscuit, wt. 20 0 26 at 102.

N° 1 to 59.

Charges.

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Isaac Sharp.

Dublin, Sept. 5, 1808.

Supposing the exchange 10 per cent. advance in favor

of England, what sum may I. Sharp draw for on London ? now. 541. 17s, 3d..

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Amsterdam, January 10, 1809.

2. INVOICE of 10 pieces of Holland, 9 pieces of cambrick, 9 pieces of Ghentish cloth, laden by me Jonas Diligent, on board the Josiah, Thomas Cook, master, for the proper risque and account of Henry Porter, merchant in London; marked as margin; contents, cost and charges, viz.

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9 Pieces of cambrick, qt. 1244 ells, at 13 9 Pieces of Ghenting, qt. 1051 at 0 19

H..P.

Charges,

To custom and brokerage of
Hollands, 3-guil. piece, S
To charges in buying

To custom of cambrick and
Ghenting,

To sledage and boatage

To warehouse room,

To average and porterage

To my commission. at 21 cent.

Errors excepted,

G. Sti.

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4 3

1 11

Jonas Diligent.

Exchange at 34s. 6d. Flemish 1. sterling, what doth it amount to English? Answ. 791 98. 613d.

Oporto, December 1, 1808.

3. INVOICE of wine, laden Nicholas Strong and Owen Jamyn, on board the Savannah, John Snap, master, for account of P. Lilly and company, and consigned to Paul Ludulph and company, in Dantzick.

To

Mil. Rea

pipe, S

To cost of 10 pipes of wine bought of
Matthew de Minis, at 16 mil

P. L. To custom, at 1055 reas

pipe,

To trimming, &c. at 400 reas P pipe,
To primage, at 60 reas ' pipe,.

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Nich. Strong and Owen Jamyn.

Exch. 40 reas for 3d, what sterling? Answ. 581. 13s.

Cadiz, Oct. 17, 180S.

4. INVOICE of 1 barrel, containing 1 seron of cascarilla, shipped on board the Sevilla Merchant, captain Jonathan Braddle, commander, and consigned to Matthew Roan, merchant in London, viz.

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At 3 ryals of plate piece of . what does the whole. amount to, exchange at 52d, sterling piece of? Answ. 4201. 10s. 103d.

5. INVOICE of 6 hhds. of tobacco, and 3 bales of woollen cloth, shipt on board the Dublin Trader, Nich. Dun, master, for the proper account and risque of Robert Merchant, of Dublin, and consigned to himself, marked as margin, contents, cost and charges, viz.

No.

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