adjustment. The student will please exercise his skill in producing the best form of Statement for showing clearly and conclusively each of the answers to the following questions.

How much is the firm worth at the close of each year, and what does the property consist of? What is each partner's nterest in the concern at the close of each year?

SUPPLEMENT.

RATES OF INTEREST AND STATUTE LIMITATIONS IN THE UNITED STATES.

EXCHANGE TABLES.

[COMPILED MAINLY FROM TATE'S MODERN CAMBIST,
AND THE BANKERS' MAGAZINE.]

GREAT BRITAIN.

MONEY OF ACCOUNT.-1 pound 12 shillings=240 pence, called Sterling money, to distinguish it from Colonial money, and other moneys of the Continent having the same denominations.

PAR OF EXCHANGE.-1 sovereign=£1=$4.863.*

FRANCE.

MONEY OF ACCOUNT.-1 franc=100 centimes. Formerly livres and sous were used; 81 livres 80 fres., and 1 sou=5 centimes. PAR OF EXCHANGE.-20 francs gold=15s. 104d. sterling $3.84. Or, $15 frcs. 21 centimes, or £1=25 fres. 22 centimes.

AMSTERDAM.

MONEY OF ACCOUNT.-6 florins or guilders=600 centimes=120 stivers 240 grotes Flemish=20 schillings Flemish=23 rix dollars.

PAR OF EXCHANGE.-12 florins 9 centimes £1 84.863. Or, 1 florin $0.40. In the U. S. the quotations of exchange on Amsterdam are so many cents per florin or guilder.

BELGIUM.

MONEY OF ACCOUNT.-The official money of account is kept in francs and centimes the same as in France. But in mercantile accounts and exchange it is generally in florins and centimes, as in Amsterdam-the denominations of schillings and grotes being sometimes used in London Exchange.

This value of the pound sterling is of a cent lower than that given on .page 164, as here the weight of the sovereign is taken to be 12317 grains instead of 1233 grains, as assumed there.

PAR OF EXCHANGE.-The fixed relative value of the franc to the florin is 47 centimes of a florin=1 franc. 25 fros. 22 centimes 12 florins 9 centimes=40 schillings 3 grotes=£1= $4.863.

HAMBURG.

MONEY OF ACCOUNT.-There are two standards in Hamburg, the one Banco and the other currency-the former being from 20 to 26% higher than the latter, varying with the market price of fine silver. The former is used in wholesale business and in exchanges, and is nominal; while the latter is used in the smaller trade, and is represented by coins in circulation. The Cologne mark weight, of the Hamburg standard, is 3608 grains Troy; and this weight of fine silver is assumed to be divided into 27 marks banco, but is coined into 34 marks current. The denominations in the two valuations being the same, the terms banco and current are used to distinguish the standard. 1 mark=16 schillings=192 pfennings. 3 marks, or 48 schillings, are called in exchange a rix dollar.

PAR OF EXCHANGE.-13 marks 101 schil. banco

16 66

12

£184.863.

66 current £1=$4.863. Or, 1 mark banco 35 cents. In the U. S. the quotations of exchange on Hamburg are so many cents per mark banco.

PRUSSIA.

MONEY OF ACCOUNT.-1 Prussian dollar 30 silver groschen. PAR OF EXCHANGE.-1 Cologne mark weight of fine silver is coined into 14 dollars; hence, 6 Prussian dollars 27 silver groschen £1=$4.863.

RUSSIA.

MONEY OF ACCOUNT.-1 ruble=100 copecs. 100 silver rubles= 350 paper or bank rubles-the latter being the money of account, previously to July, 1839.

PAR OF EXCHANGE.-1 silver ruble=374d. sterling. At Odessa the rate of exchange on London is still generally made in paper rubles, in which the par of exchange is 2240 paper rubles= £100 sterling.