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6. A watch that cost 15 guineas in London, was sold in Boston 50 per cent. advance on the Sterling cost, what was the price ?

15 guineas=£.15 15 o Sterling

2

31 10 o Massachusetts

23)31,5 Ans. 105

dollars. 7. How much is the premium of insuring £.294 at 8 guineas

Ani. £:24 13 II

per cent. ?

10

Mercantile Methods of calculating, viz. At 25 per ct. disc. from the sterl. cost, multiply it by 1 for the ans, in

1s (Mall. money. par 12 per ct. adv. on the sterl. cost, multiply it by 25 311

I $
50

2%
65
75
871

2
100
125
140

3. 150

3} 1624 175 200

62

Awwwwww N N N N N N

IRE LA N D.

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. Mercantile weights and measures, the same as in England.

The United States dollar is equal to 45. 10d. Irish.
The English guinea is equal to 225. gd. Irish.

To reduce Irish money to Federal. Rule. Reduce the given sum to half pence, annex two cyphers to it, and then divide by 117, (the half pence in a dollar) and the quotient is the anlwer in cents. Or, reduce the Irish to Sterling, by deducting is from it, and then work as for Sterling.

145

EXAMPLE.
Change £ .278 15 9 Irish money to Federal.
First method,

Second method.
278 15 9

3)278 15 9 Irish

8 11 Exchange

20

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To change Federal money to Irish. RULE. Multiply the given sum by 117, reject two figures from the produ&t to the right hand, and the remaining figures are the half pence in the given fum. 1.' Change 1143 dols. 74 cts. to Irish.

114374

117

800618 1 14374 114374

2.

2)133817158
12)66908

20)55715 8

Anf. £.278 15 84
If the fum is dollars only, work by either of the following methods.

Change 1537 dollars to Irish.
Firft method.

Second method.
1537 at 45. 101d.

1537

23 45. § 307 8 8d. 51 4 8

461 2 Massachusetts

4 115 5 6 Exchange at 25 per ct. 3 4 of

345 16 6 Sterling Ans. £.374 12 101 of 28 16 41 Ex. 8} per ct. or id. on is, T

£.374 12 10

12 16

2

*In changing Sterl. to Irish money at par, iż is added to the sum for Irish ; and in changing Irish to Sierling, i's is deducted for Sterling, because 12 pence English are equal to 13 pence Irish, making the Exchange id. in a shilling, is. 8d. in a pound, and £.8 6 8 per

cent.

EXAMPLES.
Change £ -394 17 6 Sterling to Irish, at par, or £.8; per

I, cent.

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2.

Anf. £.427 15 72 Irish Change £.427 15. 73 Irish money to Sterling, at 84 per cent. in favour of England.

113)427 15

32 18

1

Ans. £-394 17 6 Sterling. 3. Change £-370 Sterling to Irish, at 9 per cent.

£ 109 370

Anf. £.403 6 0 4. Reduce £ .403 6 Irish money to Sterling, at 9 per cent.

100

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Accounts are kept in Hamburgh in Marks, Shillings Lubs or Srivers, and Deniers.

12 deniers, or 2 grotes, make 1 shilling lubs, or stiver.
16 shillings lubs, stivers, or

I mark.
32 grotes

ALSO,
12 grotes or pence Flemish make i filling Flemish.
20 shillings Flemish

1 pound,

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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 fa-
Ivour of the bank.
The mark banco is 33} cents; (see laws of the United States.)

EXAMPLES.
Change 12843 marks to Federal, at 33} cts. per mark.

“ 33}=})1 2843

1.

Ans. 4281 dollars. 2. In 4967 marks 8 stivers banco, how many dollars, exchange as above ?

33}=)49672

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To change Hamburgh money to Sterling. RULE. As the given rate is to one pound, so is the Hamburgh fum to the Sterling required.

EXAMPLEs.
Change 2443 marks 9, stivers to Sterling, exchange at 325.6d.
Flemish per pound Sterling.

d. £.
32
6

2443 91
12 grotes.

32

1.

S.

m.

St.

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1

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2. In 12093 marks 12 stivers how many pounds sterling, ex. change at 325. 3 d. Flemish per pound Sterling ?

Anf. £ .1000 3. In 4178 marks 2 stivers how many pounds Sterling, exchange at 315. 104. Flemish per pound Sterling ?

4. Change 1971 marks 13 stivers to Sterling, exchange at 355. 6d. Flemish per pound Sterling.

Ans. £.148 2 4.

Anf. £.350.

To change Sterling to Hamburgh money. RULE. As y pound Sterling is to the given rate, so is the Sterling sum to the Hamburgh required.

EXAMPLES. 1. Change £ 350 Sterling to Hamburgh money, exchange at 315. 10d. Flemish per pound Sterling. £.

£. 31 10

350

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I 2

382 grotes.
350

19100 1146

2) 133700 grotes.

16)66850 stivers.

41782 Ans. 4178 marks 2 stivers. Proving the answers in the preceding case will further exemplify

this.

To reduce Current to Bank money. RULE. As 100 marks with the agio added, is to 100 bank, so is the current money to the bank required.

EXAMPLES. 1. Change 560 marks 8 stivers current to banco, agio at 18 per cent.

18

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