A manual of commerce

Oliver and Boyd, 1840 - 248 Seiten

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Seite 4 - Duties, as the case may require, shall be charged thereon in respect of each and every fractional part of 100/., as well as in respect of every full sum of 100/., which shall be thereby insured upon any separate and distinct interest...
Seite 183 - ... recover interest upon the aggregate amount of the principal sum specified in the bill, and of the damages thereon, from the time at which notice of protest for non-acceptance shall have been given.
Seite 143 - The crirat, used for weighing diamonds, is 3]l grains. The term, however, when used to express the fineness of gold, has a relative meaning only. Every mass of alloyed gold is supposed to be divided into 24 equal parts; thus the standard...
Seite 191 - A foreign bill of exchange is an order addressed to a person residing abroad, directing him to pay a determinate sum of foreign money to the person in whose favour it is drawn, or to his order. The amount of foreign money, therefore, to be paid is fixed by the bill ; but the amount of British money (or money of the country in which the drawer resides), to be given for the purchase of the bill, is by no means fixed, but is continually varying.
Seite 184 - ... specified in such bill, and of the damages thereon, from the time at which notice of protest for nonpayment shall have been given, and payment of such principal sum shall have been demanded.
Seite 193 - ... of their dealings with one another. When neither of them imports from the other to a greater amount than it exports to that other, the debts and credits of each may compensate one another.
Seite 196 - The brokers go round to the principal merchants, and discover whether they are buyers or sellers; and a few of the more influential, after ascertaining the state of the market, suggest a price at which the greater part of the transactions are settled, with such deviations as particular bills may be subject to from their high or low credit. For the bills they buy on one...
Seite 192 - ... the variable price. Hence the higher the exchange between any two places, the more it is in favour of that which receives the variable price ; the lower, the more in favour of that which gives the variable price ;— the exchange being said to be favourable or unfavourable to any place, according as a smaller or larger amount of the currency of that place is required for discharging a given amount of foreign payments. Thus London receives from Paris a variable number of francs and centimes for...
Seite 141 - First to that of Robert Bruce, a pound of silver of the same weight and fineness with the English pound sterling. English, French, and Scots pennies too, contained all of them originally a real pennyweight of silver, the twentieth part of an ounce, and the two-hundred-and-fortieth part of a pound.
Seite 188 - usance " is sometimes employed to express the period of running in foreign bills. It means a certain time fixed by custom, as between any two places. An usance between this kingdom and Rotterdam, Hamburg, Altona, or Paris, or any place in France, is one calendar month from the date of the bill...

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