3. Required the commission on £1430. 3s. 6d., at £2 per Cent. Answer, £35. 15s. 1d.

4. What is the commission on £590. 19s., at £1 per Cent.?

Answer, £7. 7s. 8d.

Answer, £27. 11s. 3d.

5. If a factor be allowed £2 per Cent., what does his commission amount to on 1000 guineas? 6. A merchant in London allows his factor in America £13 per Cent. commission; what may he demand on £2078. 15s.?

Example.

Answer, £38. 19s. 6d.

Required the brokerage on £527. 14s. Id., at § per Cent.

7. Required the brokerage on £675. 14s. at per Cent.

8. Required the brokerage on £1240. 10s. at per Cent.

Answer, £5. 1s. 44d.

Answer, £4. 13s. Od.

Answer, £5. 5s. 31d.

9. What is the brokerage on £1053. 1s. 8d. at per Cent.?

10. If a broker be allowed 5s. 6d. per Cent., what will the broker

age amount to on £829. 17s. 6d. ?

Answer, £2. 5s. 7jd.

THE STOCKS,

OR

PUBLIC FUNDS.

Stock was a term originally used to signify the capital of Public Companies, as that of the Bank of England, the East India Company, South Sea Company, &c.

It is now chiefly applied to the Public Funds, or Debts of Government.

There are various kinds of Stock, as the 3 per Cent. Consolidated Annuities; New £3. 10s. per Cent. Consolidated Annuities; 3 per Cent. Reduced Annuities; Bank Stock; India Stock, &c. &c.

These Stocks are transferable at pleasure, even in small sums, and the interest is paid regularly, every half-year.

The price per £100 of the Stocks varies according as political and other circumstances influence the market.

The practice of funding began A. D. 1690, being money borrowed by Government at a certain rate per Cent. to supply the exigencies of the State; the total amount of the Government Securities, at this time, being about 800 millions.

To find the cost of any quantity of Stock.

Example.

What is the cost of £753. 15s. in the 3 per Cent. Consols, at £78}

per Cent.-Brokerage per Cent.?

£89 per Cent.?

1. What is the cost of £520. 15s. in the New 3 per Cents., at Answer, £465. 8s. 4 d. 2. What is the cost of £987. 10s. in the 3 per Cents. Reduced, at

3. Required the cost of £1075 in the 3 per Cent. Consols, at £72 per Cent.? Answer, £782. Is. 3d.

4. Required the cost of £500 Reduced 3 per Cents., at £85% per Cent.? Answer, £427. 10s.

To find what quantity of Stock may be bought for, or sold, to produce a given sum.

Example.

How much Stock, at £78 per Ct., can be bought for £589. 16s. 24d.?

5. What quantity of Stock in the New 3 per Cents., at 85 per Cent., can be bought for £700 ?

Answer, £815. 2s. 9d.

6. How much Stock in the 3 per Cent. Consols, at £721 per Cent., will £478. 18s. 6d. purchase? Answer, £662. 17s. 5 d. 7. What quantity of Stock, in the 3 per Cents. Reduced, at £80 per Cent., must be sold to produce £725. 14s.?

Answer, £902. 17s. 10d.

8. How much Stock, at £62 per Cent., must be sold to produce £317. 18s.? Answer, £511. 14s. 2‡d. 9. What is the difference on £1400, 3 per Cents. bought at £93, and sold for £871⁄2?

Answer, £89. 5s.

* When Stock is bought, add the Brokerage; if sold, subtract.

FELLOWSHIP,

IS EITHER

SINGLE OR DOUBLE.

SINGLE FELLOWSHIP

Is when different stocks are employed in trading, without reference to time.

By this Rule are adjusted the gains or losses of partners in company; or the effects of bankrupts; or legacies, in case of a deficiency of assets or effects, &c.

Example.

Four partners, C, D, E, & F, engaged to trade in company: C's stock was £150, D's £320, E's £350, and F's £500: they gained £730. Required how much of the gain each had to receive.