E. 14. How many milreas will 15667. 6s. 6d. amount to, exchange at 64d. per milrea ? d. As 64 mil. :: £. 5. d. 1566 6 6 Anfwer 5873 milr. 718g reas 718-6 Fifth, with HOLLAND, FLANDERS, and GERMANY. In these countries their accounts are kept, fometimes in pounds, fhillings, and pence, as in England, and fometimes in guilders, ftivers, and pennings. In Holland and Flanders the money is diftinguished by the name of Flemish; exchange being made with London from 30s. to 38.. Flemish per pound sterling? 8 Pennings 6 Stivers 20 Stivers 2 Florins 6 Florins make one (Groat Shilling Pound Flemish To change Flemish money into fterling, and on the contrary, fterling into Flemish, is the fame with that of France, only what was French there, will be Fle mish here. E. 15. A merchant in Rotterdam remits 2821. gs. 3d. Flemish, to be paid in London, how much fterling money muft he draw for, exchange at 34s. 4d. per pound sterling? S. d. £. 12 412 £ s. d. E. 16. Suppofe a merchant delivered in London 1647. 85. 52d. to - receive the value at Amfterdam in Flemish money; how many pounds must he receive there, exchange at 34s. 4d. Flemish per pound sterling? As i 344 164 85 guilders; guilders; the remainder (if any) divide by 2 (the pence in one stiver) and the quotient will be ftivers. Money of exchange here is always understood to be ducats in bank; which is imaginary, 100 whereof make 120 ducats current money; fo that the difference betwixt bank and current money is an agio of 20l. per cent. though the brokers have invented another agio to be added, which is more or lefs, according to bargain. The course of exchange of a ducat of the bank of Venice is from 45 to 50d. fterling. E. 19. Venice draws on London for 2350 ducats banco, exchange at 47d. per ducat, how much sterling money will pay the draught? du du £. 5. d. As I 47 :: 2350 Dantzic and Koning fberg, exchange, with London by way fterdam and Hamburgh; 270 Polish grofch being equal to 17. grofs banco in Holland 110, Polish grofch being equal to 1 rix-dollar banco of Hamburgh. 18 Penningen 3 Grofch 2 Ditkins 3 Sixers 7 Grofch }Dollar 4 Arch de Halbers 3 Florins or guilders 4 Gilders Specie E. 20. Change 2342 florins into fterling money, 270 grofchi Poli, per pound Flemish, and 34s. 4d. Flemish per pound sterling? Eighth, with RUSSIA. 3 Copecs Altine 2 Polpolitons Poltin 10 Copecs 25 Copecs The Ruffian rubbles are converted into florens current money of Amfterdam, and the current into bank money, according to agio of three or five per cent. and bank money into fterling, according to agio of three or five per cent. and bank money into fterling according to the courfe of exchange between England and Amfterdam. E. 21. In 6420 rubbles, 42 copecs, exchange 122 copecs per rixdollar current, agio 3 per cent. 34s. 6d. Flemish per pound fterling, how much sterling money? Ás 103 : 100 :: 13156722 2491 Or, as 12566: 100 :: 1605105: 12773 2424 Flor. ba. d. 6283 And 345. 6d. = 414d. Then, As 414: I :: 5109356288 Ninth, with IRELAND. In Ireland they keep their accounts in pounds, fhillings, and pence Irish, divided as in England: but having no coins of their own, they are fupplied by the different countries with which they traffic. The par of exchange between England and Ireland is 100%. sterling for 1087. 6s. 8d. Irifh; or 1s, English for 13d. Irish. The course of exchange is from 5 to 12 per cent, according to the balance of trade. E. 22. Dublin draws upon London for 370l. 75. 3d. Irish exchange at 12 per cent. how much sterling muft London pay Dublin to 'difcharge this bill? 1. 155 E. 23. London remits to Ireland 330%. 135. 74d. sterling; how much Irish muft London be credited with, exchange at 12 per cent ? 1. As 100 : 112 :: 330 13 74: 370 7 3 the Answer Tenth, with AMERICA and the WEST-INDIES. Accounts are kept, and the money divided, as in England; their money is called currency. The fcarcity of cash obliges them to fubftitute a paper currency for carring on their trade; which being fubject to cafualties, fuffer a very great difcount for fterling in the purchase of bills of exchange. E. 24. Philadelphia is indebted to London 4168/1. 16. 10d. curwhat fterling may London reckon to be remitted, when the exchange is 150 per cent.? rency, 1. 1: 1. S. d. 1. 5. d. 10:2779 As 150: 100 :: 4168 16 10: 2779 4 7 Anfwer E. 25. A, at Paris, draws on B, of London, 1200 crowns, at 55d. fterling per crown; for the value whereof B draws again on A 564. fterling per crown, befides commiffion per cent. Did A gain or lofe by this tranfaction, and what? If 100 : 10 :: 275 Then 2751.17. 75. 6d. = 27 6 the commiffion 2761. 75. 6d. 66330d. = Therefore, as 56d. : I crown :: 66330d.: 11843 crowns Confequently, 1200 1184 15 crowns, A's gain, Anfwer E. 26. V, of Amfterdam, draws on X, of Hamburgh, at 67d. Flemish per dollar, of 32 fols Lubeck; aud on Y of Nurembergh, at 70d. Flemish per florin, of 63 crutzers current. If V has orders to draw on X, in order to remit to Y at the faid prices, how would run the exchange between Hamburgh and Nuremberg? As 67: 32: 70: 339 Lubeck, per florin, answer E. 27. M, of Amfterdam, orders N, of London, to remit O, of Paris, at 54d. fterliug per crown, and to draw on P, of Antwerp, for the value, 33. Flemish per pound fterling; but as foon as N received the commiffion, the exchange was on Paris at 541d. per crown; pray at what rate of exchange ought N to draw on P to execute his orders, and be no lofer? XXXI. COMPARISON of WEIGHTS and MEASURES. S when the weights or measures of different countries are compared together; and is a very neceffary rule (of great importance to the merchant) to be aquainted with, RULE. Place the numbers alternately under each other, in two perpendicular columns, fo that there may not be found in either column two terms of one kind; then the numbers in the leffer column must be multiplied together for a divifor; and the numbers in the greater column, where the odd term is, for a dividend; the quotient will be the answer. The work may often be abridged by throwing out numbers that are alike in both columns. EXAMPLE I. If 6 pounds of fugar be equal in value to 7 pounds of raifins; 5 pounds of raifins to 4 yards of ribbon; 10 yards of ribbon to 40 nutmegs, and 7 nutmegs to 18 pence; what is 3 pounds of fugar worth? 6 Sugar 5 Raifins 10 Ribbon 7 Nútmegs 7 Raifins 18 Pence 3 Sugar Then, per rule, 7 4 28 40 1120 Anfwer 28 16 Pence E. 2. 21 |