Venice upon London.

London draws upon Venice for 7483 Ducats 22 Gross Banco, Exchange at 55 d. Sterling per Ducat, would know how much Sterling they do amount to; and alfo, how many Ducats Current there are in the fame, Agio at 20 per Cent.

Or you may

Sterl. £. 1730 13 14

caft it up in the following Manner :

*** Ducats 7483 18 4

Banco.

Multiply by

55 the Price.

Florence being indebted to London 73652 Livres 18 Sols 6 Deniers, remits the fame per

E e 4

Bill

Bill to London at 52 d. Sterling per Crown Exchange (the Crown being 7 Livres.) The Query is, How much Sterling this Remittance will come to in London?

S. d.

s. d. 73652 18 6. Or thus: 73652 18 6

14

Leghorn remits to London 4821 Dollars 18 Sols 10 Deniers, at 53 per Dollar; How much in London will this Remittance amount to?

London and Legborn.

London remits to Leghorn 10741. 17s. 9d. Sterling, Exchange at 53 per Dollar; How Dollars will this Remittance amount to?

many

107) 515947 (Anfw. 4821 Dollars 18s.

10d. the above Re

mittance amounts to.

Of the Agio of the Monies in Rome and most other Places in Italy.

The Term Agio is common in most Places in Italy, and fignifies a valuable Confideration on the Current Monies (which is usually paid for Merchandizes) for the other Monies which are called de Ova; this laft being what Bills of Exchange are usually valued in, to which 12 Julios are

reckoned

reckoned to a Crown; but to the former, current ones are reckoned 10 Julios to the same.

As for Example.

A Merchant having fold a Parcel of Goods, for which he has received 8748 Crowns 29 Bayocks, at 10 Julios per Crown, which he defires to receive in the Crowns Eftampe, or, as fome term them, in Crowns of Exchange, the Agio being 45 Julios per Cent. to know what he must receive for the fame do as follows.

N. B. The Agios are higher or lower, according to the Quality of the Money the Payments are made in.

100 Crowns, Agio 45 Julios. !

Anfwer, 8748 Crowns 29 Bayocks Current, or Money to be received for Merchandize.

CHAP. I.

Of SIMPLE ARBITRATIONS:

OR,

Of Orders and Commissions.

is common for Merchants and Dealers in

the Exchanges to fend their Factors and Correfpondents Orders to remit to any certain Place a certain Sum of Money, at a certain Price of Exchange; and then to value or draw back again upon fome other Place at a certain Price, for the Value of the Sum remitted: In Confideration of which, a fmall Allowance of fo much per Cent. is made them, which is called Provifion or Commiffion.

Now