BOO 



ctirrent rate of exchnnge, and then the difference between 

 the oulir cuhinmi k the prulit or lofs. 



The letters m|a (my account) arc ufcd by the merchant 

 ill keeping the account which his tadorhkcwife keeps, wlio, 

 ill llntiiig the lame tranr.iclions, annexes to his employer's 

 lume h|a (his aetoiiiit); and their ledgers are revcrfed 

 with rrfpetl to the Dr. and Cr. fides. Thus, the factor, in 

 liis account of tlie t.. I owing traiiraciion, debits his eninluyer 

 ior the dr:iits nr bul^ diuwn on him, an I credits him lor the 

 irmittaiiccs which he receives ; and as all the bills were 

 drawn in n.arks (the money of the place where they were 

 t-i be paid), the faiftor has no eoiicirn with any otiier 

 money j tl.ertforc, he debits his employer for commiiHon, 

 brok.Tige, difcount, and podage, in mark?, for which his 

 employer alfo credits him, and values thofe maiks at the rale 

 of exciiange which exilU wiieii the account is balanced. 



There are other kinds of exchange accounts kcj)t between 



BOO 



Cambifts, or dealers in cxchnnge, who refide in different 

 countries, and who agree to tvar.fact each other's b'-ifincfs 

 (comn-.iflion free), and divide the g^ins or lolTes. Such ac- 

 counts, like ail other partnerlhip concerns, leqiiire inteiett 

 calculatioui, according as one party may be in advance for 

 the other : this is the cafe when bills remitted are at a long 

 d;'.tc, -md drafts at a Ihoit one, or the ci^nlrary ; bi't it fre- 

 quently h-jppens that one party ir.ay be in advance lor fums 

 which have not been received by the other party, who is 

 therefore only nnfwtrable for the advances in his polfcffion, 

 and the interell on the remaiiu'er (lioiild be paid out of the 

 general prutits. 



Thefe exchange accounts arc kept by both parties accord. 

 ing to the following plan ; and when they agree, the J)r. 

 fide ot one accemnt is equal to the C'r. of the other, and the 

 inner colu:nns ot one to the outer columns of the other, and 

 "vice vcrjii. 



Book o/ra/rt, is a book eftabli/hed in parliament, fhewing 

 at what value goods, which pay the duty of tonnage and 

 poundage, are to be reckoned at the cuftom-houfc. See Cus- 

 tom, Di'TY, I'dundaoe, and Tonnage. 



T!;e book of rates annexed to the aft of tonnage and 

 poundage made in t!ie 12th year of king Charles ll. was 

 fubfcribed with the hand of fir Harbottle Grimilonc, then 

 fpeakcr of the houfe of commons. An additional book of 

 rates of goods and merchandizes ufiially imported, and not 

 particularly rated in the former, vvit!i inles, order";, I'kc. was 

 figned by Spencer Compton, efq. fpeaker of the hoiife of 

 commons, 1 1 Geo. I. c. 7. 



Aliens ufed to pay a larger proportion than natural fub- 

 jefts, generally called the alien's duty ; now repealed by ilat. 

 24 Geo. III. feff. 2. c. 16, except as to fcavage duties, 

 granted to the city of London. By ftat. 27 Geo. IIL 

 c. 13, called the " Confolidation Aft," all the former fta- 

 tutes, impofing duties of culloms and exclfc, were repealed 

 with regard to the quantum of the duty ; aud the two books 



of rates above-mentioned, were declared to be of no avail for 

 the future; but all the former duties were confolidattd, and 

 were ordered to be paid according to a new book of rates 

 annexed to that llatute. By the improvement of this fta- 

 tute, the duty upon the exportation or importation of any 

 article may be eafily found, or the excife duty to which ■ 

 any commodity is fubjeft, in an alphabetical table. 



Book-seller, a profeOed trader in books; whether he 

 prints them hirafelf, or procures them to be printed by 

 others, for fale. 



Book-fellers, among us, are the fame with bihliopola: zmon^ 

 the ancients, whofe office was diilintl from that of llbrarii. 

 Petty dealers, or Tenders of fmall wars, like our publifliers, 

 were more particularly denominated liheU'iones. At Rome^ 

 the Argiletum was the mart of books, as St. Paul's Church- 

 yard, or Fleet- (Ireet, and Paternofler-row, have been among 

 115 f wheuce that of Mactial. 



Arg'ikkmas mavis bnlltare tabernas. 



Cum iibi, pavoe !iba;/crma nq/lva vacent. 



Book- 



