PEI] ( 102 ) 



number and position. It is a term coupled, with " rail," 

 to form a fence or defence. Posts were used in thorough- 

 fares and seized upon as bill-posting stations, hence " bill- 

 posting," etc. See " Post and Pan." 



Post and Pan. Another and popular term for a " half-timbered " 

 building. It consists of upright grooved posts placed at inter- 

 vals, the spaces or " panels " between being filled with 

 slabs of stone, brick, clay, or other like material. The 

 " pan " is the horizontal head or lintel. See " Half -timber- 

 ing." 



Post and Pane. A term implying " post and panel," allied to 

 " post and pan " (which see). 



Post and Petrail. A term implying " post and stone panels," 

 hence " petrean "; allied to "post and pan" (which see). 



Premium. ( 1 ) The annual or other payment for keeping up a 

 policy of insurance ; (2) a lump sum present payment for a 

 lease or other benefit. 



Prepared Boards. Boards that have been passed through a 

 planer or other finishing machine. 



Presentation of a Bill. Presentation of a Bill for Acceptance 

 signifies the handing of a bill to the drawee for pay- 

 ment. A bill rrrust be presented on the day it is due, and 

 during the usual business hours ; otherwise the previous 

 indorsers, if any, are not responsible should it be dis- 

 honoured. 



Pricking Up. An architectural term the first coating of plaster 

 in work of three coats upon laths of wood, etc. See " Float- 

 ing or Floated" and " Rendered and Rendering." 



Prick Post. An intervening post of light scantling in " post 

 and rail " fencing, deriving its name from being pointed at 

 its lower end and " pricked " or driven into the ground to 

 give strength to the rails. 



Prima Vera. A Central American timber resembling mahogany 

 but of a lighter colour. Much used in the United 

 States for cabinet work and sometimes called " White 

 Mahogany. ' ' 



Prime. The " first " or " best " part ; a superior classification. 



Prime Cost. The full or total cost of goods with every charge 

 added. 



Prime Quality. A United Kingdom term for the grading of a 

 quality in hardwoods, generally known as " Firsts and 

 Seconds." 



