1000000030

474 / 1042

E I e
o .
MmJn:¡ e:xka.~: 10 ¡lify m:ir ¡,. .r~ 41 eh
a p. ; wcI COQ~ LOorokm l':Jy ap<IÍOGS II'hi
reqwe IlIIpccWl2I1ale:;U 10 =~. 11m of
is of (ach 2 021 U, m.1 Íl is Irndly po!áD!t far 2 mu·
clr..al ¡,) carry 08 t' fi-6 of ha bil!s. ",ilb I m~r
26lm~. opon :lI1oy ocaJi!>llS. Whrn mercbams collle
O?:nl dnoge, hey vefa full of (evl 2Ld jea.loúies, m2.1
I :q ..111 001 ~ memfelns 10 G!le 2DOd:er 1& Ih:y
lhoal¿dí(com 1m Ihey nn' w COIlCaI. TheblokrJÍs¡
c;oo5¿eulÍ2l maJ), io fa;::¡e <legrec, bcNmI p ties, 2IJd
brjngllhem togcther.
Bdides lhe merdm'l5 rAlo áraJble 2lDong mf1llfdvts
.r rmproc-J dtbts íJld erediu 21Íúog (rom meir im·
pmaóon .od exporwiGo1 o( ¡¡<>Odl, mere ís 2IJower (el
o( ...ho dea.l in tXcbange; whjch il me im·
pora iDo 2nd ex?"rtztÍon of mollt')' 20d bilis.
Wat mere lleVa any lnlaDCC 00 me mdeaf naúoos,
exchaogm 20d bro~rn would 60d linle employmeol: re–
ciprocal and e<¡oal dtbu' woold eaC1Iy be m of2áed opeo–
i y berwun me r'41tÍrs IhemCelves. o roan .(eigru aod
diJTtmbles, e.:cepl r:heo he !binks be ínleren io
fa d:lÍng.
BOl wheo balaoea come 10 bepid. exch2nge becomes
iouicate; aod merchanls ;re (o much employed io par·
licolir braoches of bofioe(s, lhal mey ¡re obliged 10
le.ave me liqoidalion o( weir debu 10 a panicular Cel of
men, who mili il roro 001 lo .we btn advaol2ge 10
IbemCdvd.
Wheoever 2 bllioce islObe paid. 'lh2t paymeol eons,
al we ha'e Ceeo, an addilionaJ expeoce 10 lboCe o( me
place wbo o'lIe il, ova aod above me valoe of me debt.
rr, tI,mfore, Ibis expence be a lofs 10 Ihe Iradiog
man, he mun eilher be rep2ld mis 10Cs by moCe whom he
{erves, lhal is, by lhe oañoD; or me li2de he C2rries
(]II will bccaDlc IcCs pr06t¡ble.
) E X c:
E~ f Ole .31 2~~ t:., t~ ~ a~:.! oí hi.;h ~"(.
c1w.;e ¡>O!I p'y:n" 2:n1 ::e, a I a () ¡ Fr;~ D~
Ii'. y 10 ~ =¡.cn{;.la by U:C 2rln:la¡; u..ry rea? frOIll
alrichU6 me io ,.víd".~h a.<lIOOg o v!xJ g<Ín by
a. ui<i:¡g m!thods 10 pay il - ~: -- jf 2.J ZI6..lD- is
L~cdrlrJ 10 pw.t bis propc.úóc;o. i O1y he n f10m
is otip!e, 10 "jI, trh."ce rcntul Ult ,r061 pon
lrad! prt'CUÍOIis er OOtmziD, is a I [; 10 tnCe in gene.
ra!: this lofs is me cooC( eooe Gf bi¡¡h adwige; aod
allhoogh ¡ pro61 does r¿uh from jI U?D' ooe bnnch of
trole, Ihe et.chloó~·btditJds, yel t!12l C2I1l101 com?f!1Cz<e
me 10Cs opon ~ery olher.
We may, !bfre(or~. befe r~ wb'l v;e bire úid
above, mal Ibe more difñCllhy is f ud ín paying l .JUlc:e,
lbegrater is lb: lofs 10 me OmOD•
'Ti, uurfo '1 EXCH.!RG!.
Tbe a:urfe 01 excha:Jge is Ibe arrrrnl priee !Jctwixl
lwO placrs, wh¡ch is alw¡¡ys e . tiog and cofmlcd be–
ing Comerimes ¡hove and (ometÍJ¡¡es bcIow plr, lCCordio6
10 lbe eircumnances of lude.
When lbe coorC! of excbange rifes abo.e pir, me
cooOlry where il riCes may conclode for cmaíD. !hu lhe
balance of IIade roDS agairill !hem. Tbe 110th of lhis
will appm, if we fup?ofe Brirnn 10 impon from any fo–
reigD pl1ce goods 10 lhe .aloe of [00,0001. al par, aod
expon ooly 10 !be .a1oe of 80,000:-; in mis cJe, bilis
00 lhe Caid (oreiga place wiU he {caree io Brilain. and
coefeqneotly will riCe iD .aloe; llld afler tbe 80,00001.
is paid. bilis mon be procnred (ro'Il olher places al a
higb me 10 pay Ihe remaiDder, fo tbal perhaps [20,0001.
may be paid for bilis 10 difcb.rge a debl of 100,000 l.
Thoogh !be courCe of exchaoge be io a perpelua!
flux, aod riCes or falls 2eeording 10 me eircumnaoees of
trade, yel lhe exchanges of Loodon, Ho\l¡nd, Ham·
borgh, aod Veoiee, io a greal mearure regulale lhofe of
all oLher plam iDEurope.
1. Exchangt '1JJilh ¡hUad.
111 O N E Y. T A B L E.
Par in SI"ling.
'cl 1'eonio&$, or 2 dUyles, ') ( 1 groa! or penoy
2 GroalS, or 16 pcnnings, t \ I flirer
1• .J.
= o 0.54
6 Slivers, 01 12 penee, ~ 1 Cebilling
20 Sehillings, ~ I poond Flcmifh
o \.09 = o 6.56
=10 11 IS = I 9.36
= lO 1\.\8
= 4 6.66
20 Stivers, or 40 peDee, \ o 1 guilder Or florin
6 Guilders, or norins, r pouod Flemilh
2~Guilders, or .JloriDs, J L 1 rixdollar
In Holland lhere are lWO fom of money, bank and
'torren!. The bank is reckoned good Ceeurily; demanus
·on lhe bank are readily aofwmd ; and henee bank·mo–
ney is generally ratcd from 3106 /'" cml . bwer lh.n
lhe curren!. The differeoee belween lhe bank and eur·
renl mOlley is e311ed lhe agio.
Bilis 00 Jlolland are always drawn in bank·money; and
if ac~ounts be fenl o~er from Holland 10 Drilain in
c~rrcnl 1110°9, lhe Brilifh merehanl pays lhlfe ae-
eOUnl! by bilis, and iD Ibis caCe bas tbe beOenl of lhe
agiD.
PROBo1. T. ",I.u m.m) l. (urrlnl .nMt)'-
Ru LE. As 100 10 loo+agio, Co lhe giveo guilders
10 !he anC\Yer.
EXAMPLE. Whal \Yill 2210 guildm in baDk money
amounl lO in Hollaod curreoey, lhe agio beiDg 3v p,r
cml. ?
Gui/d.