To change Lawful to Sterling Money. RULE. From the Lawful subtract, the remainder will be Sterling. EXAMPLE. Reduce £462 13 4 Lawful to Sterling. 4)462 13 4 lawful. 115 13 4 subtract. £347 00 0 sterling. CASE VII. Ans. £347. To change Canada and Nova-Scotia Currency to Federal Moneythe dollar being 5 shillings. RULE. As the value of a dollar is equal to one-fourth of a pound, multiply the sum, when in pounds, by 4, for dollars. When there are shillings, &c. reduce the given sum to pence, annex two ciphers, and divide by 60, for cents. EXAMPLES. 1. Change £36 Canada Currency to Federal Money. 2. Change £528 12s. 6d. Canada Currency to Federal Money. 20 Or thus, 528 4 12. Lawful to sterling ?- -73. How is the currency of Canada and Nova-Scotia changed to federal money? CASE VIII. To reduce English or Sterling Money to Federal Money. RULE.-Multiply English money by 40,-divide the product by 9, and the quotient will be dollars, or dollars, cents and mills.* Shewing the rates at which the following foreign coins and currencies are estimated at the Custom-Houses of the United States. Pound sterling of Great-Britain, a Pound of Ireland, Florin or Guilder of the United Netherlands, Mark Banco of Hamburg, Rix Dollar of Sweden and Denmark, Real of Plate of Spain, Real of Vellon of do. Milrea of Portugal, Tale of China, Pagoda of India, Rupee of Bengal, 4,44 4,10 ,184 ,182 ,75 ,40 ,331 1,00 ,10 ,05 1,24 1,48 1,84 ,50 NOTE.-Any number of either of the above coins or currencies may be easily reduced to Federal Money, by multiplying the value of one in cents by the given number, and the product will be cents. *As a dollar is equal to nine fortieths of a pound, therefore multiplying by 40, and dividing the product by 9, must give dollars, cents and mills. 74. How is sterling money reduced to federal?- -75. What is the value in federal money of the pound sterling of Great-Britain ?-76. Of the Irish pound?——— 77. Of the Livre tournois of France ?. -78. Of the silver rouble of Russia? -79. Of the tale of China?-- 80. And of the rupee of Bengal? COMPOUND ADDITION. COMPOUND ADDITION is the adding together of several num bes, having differeut denominations, as, pounds, shillings, pence, & tons, hundreds, quarters, &c. RULE. 200 the rumbers, so that those of the same denomination Brectly under each other. ation ori der superise which ade PROOF first column or denomination together as in whole divide the sum by as many of the same denominof the next greater, setting down the remainsatuma added; carry the quotient to the next on, continuing the same to the last column, Me addition.* e as in simple addition. 1. MONEY. Table of Federal Money.....(See page 33.) EXAMPLES. * The reason of this rule is cvitent from what has been said in addition of simple aumbers: for, in addition o. money, as 1 in the pence is equal to 4 in the farthings; 1 in the shillings, to 12 in the perice; and 1 in the pounds, to 20 in the shillings;-therefore, carrying as directed, is ananging the money arising from each colunin, properly, in the scale of der olluati as: and is reasoning will hold good in the addition of com pound numbers of to dewwow nation whatever. 81. What is Corp wa method of prouj 27-82. What is the rule ?- 83. What the Balls, &c. are there in an eagle? d. ་ 47 17 li 24 13 36 10 21 15 17 14 15 11 10 10 967652 In this example, we begin by placing the numbers of one denomination under each other, that is to say,-pounds under pounds, shillings under shillings, and pence under pence. We then begin with the least denomination, which is pence, and find the amount to be 46, which we bring into shillings by dividing them by 12,-we write the remainder 10 under the column, and carry the quotient 3 to the column of shillings; we then find the amount of the column of shillings to be 93, which we bring into pounds by dividing them by 20; we write the remainder 13 under the column of shillings, and carry the quotient 4 to the pounds;--we then find the amount of the column of pounds to be 174, which we write under the column of pounds, and find the answer to be 174£. 13s. 10d. Ans. 174 13 10 126 15 11 Proof, 174 13 10 85. What is a farthing? 86. Repeat the table of English Money.-- -87. How many pence and farthings are there in a pound? F By this weight are weighed Gold, Silver, Jewels, Electuaries, * The original of all weights used in England, was a grain or kernel of wheat, gathered out of the middle of the ear, and, being well dried, 32 of them were to make one pennyweight, 20 pennyweights one ounce, and 12 ounces one pound. But in later times it was thought sufficient to divide the same pennyweight into 24 equal parts, still called graius, being the least weight now in common use; and from thence the rest are computed. 88. What is Troy Weight?-89. What are its denominations ? |