( 
exchange. 
E> 
i 
. 
: 
i 
! 
o 
pret 
ia 
: 
tations were 
pr pwc under the head of Bu.uion, was sent abroad, 
the substitution of at home was the cause of 
preventing its return. is paper, however undoubt- 
ed in point of character, is not current on the Conti- 
Reiss c comttorsblg Sik, then exchaiiged tar tee 
a when exc | for the 
precious metals, Og attending to the fluctuations in 
this we find that our paper has regularly fallen 
in ion as demands for subsidies or other pur- 
poses increased the sum required on’ the Continent. 
Computed exchange—After describing the exchange, 
both in its real and nominal character, the subject may 
appear to be exhausted ; but there remains a third dis- 
crimination, known by the name of computed cranes. 
This might be better understood, if it were called 
sparen or current rate of exchange, for it means no- 
ing else than the rates as they are quoted in the mer- 
cantile letters of the day.. Merchants take no account 
of the causes which operate more or legs 
the statements amon Their business is with 
its actual condition ; a condition which may be affected 
by circumstances connected with either the real or the 
nominal exchange. A sudden demand of corn from 
the Baltic, may make the real exchange between Eng- 
land and Poland in favour of the latter ; while the de. 
pracreted paper. of Volare. sf leoet of F ia pone 
may produce a calculation apparently fav to - 
land, This calculation forms, as tf vaxkds, die eceipes 
ted or current ex , and is the only part of the 
matter noticed in the , or attended to in the spe« 
oul of aeeieees, 
n 
E 
i 
z 
E 
s 
~ 
5 
& 
z 
& 
r 
EXCHANGE. 
liam IIL. a similar in exi 
Holand bong 2% pe cat. blow par 
in the 
it 
fe Holland, kang 
at a very heavy 
ge of 17 
i 
i 
Mercantile Calculations of Exchange. = * 
at a tet pt pet tet pe 
Wen 
5, 
i 
Fs 
Lage d passat sorta es Soanees mburgh, called 
banco ar currency. co bears an agic or premium 
cent, t 
: Amsterdam. 
= 1 Stiver. , A 
12 Grotes or 6 Stivers = 1 Shilling Flemish. 
7 eo Flexing =1 Pound Flemish, 
‘There are two sorts of money in. Holland ; namely 
bank-money and currency ; bank-money bears 
i 2, 8, or 4 per cent. which is called 
. Paris. 
- Exchanges are computed in francs and centimes; or 
in livres, sous, and deniers tournois, 
- 100 Centimes 
' 
1 
Mercantile 
calculations 
of exchange, 
= wl cc eh eer ir ob OG heir, 
