tion, and agreed to give for it on the day mentioned at the rate of £62 10 per cent. 1. What is the value of a bill of £786 17 6 sterling, at 8 per cent. advance ? 786,875 9)31475,000 3497,222 Add 8 per cent. 279,778 Ans. $377,000 2. Suppose $600 be invested in a bill on London, when the exchange is 10 per cent. advance, what is the amount in 3. Invest $563,70 in a bill on London, when the exchange is 9 per cent. advance. 109 100: 563,70: 517,15 $517,15X9-4654,35 When the British merchant in his interest account allows 3 per cent. for deposits, he rejects ths of the products of time and money, and considers the remainder as products at 5 per cent. which is equal to 1 shilling per £ for 365 days. EXAMPLE. 1. Suppose the balance of products to be 107408, what is the interest at 3 per.cent. ? 107408 off 42963 365)64445 1768. 6d. Ans. £8 17 63. What is the premium of insuring £20 at 30s. per cent. Ans. 6 shillings. What is the value of $16740,55, American 3 per cent. stock, sold in London at 55 per cent. ? 16740,55 at 50 8370,27.5 9207,30.2 9 40)82865,718 2071,642.9 20 12,8580 12 10,2960 Ans. £2071 12 10. Required the standard weight in London of United States' eagles, weighing, before melting, 225 oz. 7 dwt. 12 grs. deducting grain worse than standard, equal to an inferiority of grain in 22 carats of 4 grs each, from British standard. Account of sales of United States' eagles, with the allowances, Loss by melting, 4 bars, weighing Allowed for dross, Deduct, being a grain worse than standard, 858 17 O 0 11 0 £3 7 9 676 2 12 3 16 20 672.5 16 Charges. £3 17 101 per oz. 3323 15 4 Sterling, £3327 3 1 Carriage from Liverpool to London, Assaying, 258. 6d. bank porters, 2s. 6d. London, Sept. 21st. 1821. £0 14 9 3 15 0 } A Statement of actual sales of Silver. Shipment from Baltimore to Liverpool 76,000 Spanish South American dollars, weighing 65822 oz. 10 dwt. 10 grs. at 58 1-8d. per ounce, Charges, not including insurance, Net proceeds, Which, at 8-45 per cer cent. premium on bills, is $76,000 cost, premium 3-8ths per cent. £15941 7 8 £15828 7 8 $76292 80 $76285 00 U. S. Mint, Charges, not including insurance, £5018 19 4 Net proceeds, £4983 19 4 $24000 56 $24,000, in half dollars, United States coinage, direct from the weighing 20813 oz. at 57 7-8d. Which, at 8-35 per cent premium on bills, is Calculations of Actual Sales of British Goods in United States. £ s. d. $cts. 1. Sterling 53 11 2. 3. 4. 5. 6. 7. 8. 9 10 11. 158 13 0 at $4,15 cts. per £ sterling 658,39 A TABLE for reducing Sterling to Federal Money at par. £ 1000 900 800 700 600 500 400 A merchant receives from Liverpool a parcel of goods, and marks them for sale at the following rates: Required the selling price in Federal Money? The money of account as in England, but different in value. The par between England and Ireland, is 81 per cent. that is, £100 sterling money is £108 6 8 in Ireland. The United States dollar is equal 4s. 101d. Irish. The English guinea is equal to 22s. 9d. Irish. After the 5th of January, 1826, the New Act assimilating the Irish and English currency commenced. All Invoices, Contracts, &c. will be considered there in point of law, British currency, unless expressed to the contrary. HAMBURGH. Accounts are kept in Hamburgh in Marks, shillings Lubs or Stivers, and Deniers. 12 deniers, or 2 grotes make 16 shillings lubs, stivers, or 32 grotes ALSO, 1 shilling lubs, or stiver. 1 mark. 12 grotes or pence Flemish make 1 shilling Flemish. 20 shillings Flemish NOTE. 3 marks 1 pound. make 1 rix dollar. A shippound in Hamburgh 7 do. A ring of staves do. 1 pound Flemish. 280 lbs. 100 lbs. in Hamburgh 100 ells 1071 in U. States. 621 yards. The currency of Hamburgh is inferior to the bank money; the agio, or rate, is variable; May 14th, 1798, it was 20 per cent. in favor of the bank. The mark banco is 33 cents; (See laws of the U. States.) |