2. In 685 ducats, how much fterling money, exchange at 37 copper dollars per pound fterling? Anf. 3281. 16s. ́ od. 3. Reduce 3371. 5s. 9d. fterling into rix-dollars, &c., exchange 415 copper dollars per pound fterling. Anf. 1557 r. ds. 3c, ds. 5 rs. 4. In 78 guineas fterling, how many carolines, &C., exchange 48 copper dollars per pound fterling? Anf. 1751cs. 5c. ms. 3rs. In Ruffia they keep their accounts in rubles and copecs, and exchange by the ruble. The par of exchange is 4s. 6d. fterling for one ruble, and the courfe of exchange is from 40 to 60 pence per ruble, or from 48 to 50 ftivers per ruble by way of Hamburgh and Amfterdam. 4 polufcas 3 copecs 10 copecs 25 copecs 50 copecs 100 copecs make one copec altin poltin 1. In 681. 10s. 6d. fterling, how many rubles, exchange at 4s. 9d. fterling per ruble? S. d. rub. £. s. d. ΙΟ 6 2. Find how much fterling is equal to 2581 rubles, 20 copecs, exchange at 4s. 5d. fterling per ruble? Anf. 5731. 12s. od. 3. In 3871. 8s. 9d. fterling, how many rubles, &c., exchange at 49 ftivers per ruble, and 33s. 91d. Flemish per pound fterling? Anf. 1603rbs. 1214 Cs. 4. In 3210 rubles, 21 copecs, exchange 122 copecs per rix-dollar current, agio 3 per cent., and 34s. 6d. Flemish per pound fterling, how much sterling money? Anf. 617. 18. 5id. R. 3 RE. REMARK. ift. The above are the most noted places in Europe which exchange directly with England; exchanges are generally made, with other places, through the medium of fome one of these. 2d. It would occupy too much of this work to specify the different ways that these, and other places of confiderable trade, use in keeping their accounts, and making their exchanges one with another. ARBITRATION of EXCHANGES. THE courfe of exchange between one kingdom and another, rifes or falls, as the balance of trade happens to vary; and to draw upon or remit to foreign places, in the way that will be moft profitable, is what is intended to be taught by this rule. Arbitration is of two kinds, fingle and compound. SINGLE ARBITRATION. In fingle arbitration the course of exchange from one o two other places is given, from which is computed the arbitrated price, or par of arbitration between these places. N Ö Τ E. Ift. Operations of this kind are performed by the rule of three. zd. When the par of arbitration is found, and the courfe of exchange is given, you may easily calculate which method of drawing or remitting, will be to the most advantage. OBSERVE. ft. In dealings of this fort a fum is allowed thefactor for commiffion, out of the fum he receives for the draught draught; and people who trade in this way generally have a perfon engaged for the purpose at every place they negotiate with. 2d. When you remit to any place, you really buy the money or bills of that place; and when you draw on any country, you fell the bills or money of that country. EXAMPLE S. 1. If the exchange between London and Amfterdam be 34s. 6d. per pound fterling, and the exchange between London and Paris be 28. 94d. fterling per ecu; what is the par of arbitration between Amfterdam and Paris? 2. If exchange from Paris to London be 32d. fterling per ecu; and if exchange from Paris to Amfterdam be 54d Flemish per ecu; what must be the rate of exchange between London and Amsterdam, in order to be on a par with the other two? Anf. 338. 9d. Flem. per pound fter. 3. If the exchange between Amfterdam and Paris be 56d. per crown, and between Amfterdam and London 358. 4d. per pound fterling; required the arbitrated price between Paris and London? Anf. 25. 743d. 4. If at Amsterdam bills on Paris are at 54 grotes per ecu, and on London at 33s. 9d. Flemish per pound fterling; what is the par of arbitration between Paris and London? Anf. 32d. per ecu. 5. London exchanges on Amfterdam at 34s. 9d. per pound fterling, and on Lifbon at 5s. 54d. per milrea; what is the par of arbitration between Amfterdam and Anf. 9s. 5d. per milrea. Lisbon? 6. If the exchange from London to Paris be 32d. fterling per ecu, and to Amfterdam be 33s. 9d. Flemish per pound fterling; and if, by advice from Holland to France, the course of exchange between Paris and Amfterdam is fallen to 4s. 4d. Flemish per ecu; what may be gained per cent. by drawing on Paris, and remitting to Amfterdam? d. cr. £. crs. As 32 I :: 100 : 750 due at Paris cr. s. d. crs. £. S. As 1:44:750: 162 10 credit at Amfterdam S. d. £. £. s. d. £. S. d. As 33 9:1:: 162 10 0:96 5 11 to be remitted 100 0 O £ 3 14 0 Anf. 400 7. A merchant at London was ordered to remit crowns to Paris at 324d. per crown, and to draw upon Amfterdam for the value at 34s. 6d. Flemish per pound fterling; but when the order came to hand, bills on Paris were at 314d. per crown; what must be the rate 1 of |