USANCE. 



This tenn is longer or (horter, according to the different after d^te : the days of grace are eight ; but for promiiTor^' 



countries. In France, the ufance for bills drawn from 

 Spain and Portugal, is fixty days date ; from other countries, 

 thirty days date. Bills are generally drawn on Amfterdam, 

 Cadiz, Genoa, Hamburgh, Leghorn, London, Madrid, 

 Naples, and Venice, at fixty days date. Marfeilles, how- 

 ever, draws on Genoa at thirty days, and on Leghorn and 

 Naples, at forty-five days date. Ten days grace are 

 allowed on bills payable at one or more ufances, at fo many 

 days date or fight, or on a fpecified day ; but bills drawn 

 a -uue muft be paid on being prefented. Bills made pay- 

 able at a fair muft be fettled on the laft day, or on the very 

 day, if the fair lafts only one day. 



At London, the ufance for bills drawn from Holland, 

 Germany, or France, is one month ; from Spain and Por- 

 tun-al, two months ; and from Italy, three months ; all after 



date. 



At Amfterdam, the ufance is, for all Germany and 

 Switzerland, fourteen days fight ; Dantzic, Konigtberg, 

 and Riga, one month's fight ; Antwerp, Geneva, London, 

 and Paris, one month after date ; Italy, Spain, and Portu- 

 gal, two months after date. Six days of grace are allowed 

 for the payment of bills of exchange; but the general prac- 

 tice iu Amfterdam is, that bills payable in banco be pre- 

 fented for payment the very day on which the written term 

 is expired. At Antwerp, the ufances and days of grace 

 are the fame as at Amfterdam. Bills drawn at fight muft 

 be paid within twenty-four hours after having been pre- 

 fented. 



At Auglburg, the ufance is fifteen days ; half ufance, eight 

 days; double ufance, thirty days; one and a half ufance, 

 twenty-three days, after acceptance. Bills iiave from one 

 to eight days of grace ; for fuch as fall due on tlie Tuofday 

 muft be paid the next day, but fuch as fall due on the 

 Wcdnefday are not paid till that day week : however, bills 

 drawn a vijla, or at iight, muft be paid within twenty-four 

 hours after being prefented, and alio any other bills which 

 are not prefented until after the Wednefday fubfequent to 

 the day on which they become due. 



At Bergamo in Italy, the ufance is the fame as at Venice 

 for foreign bills ; but for bills drawn from Zurich, it is 

 fifteen days after acceptance. Bills payable a I'ifla, or light, 

 muft be paid on being prefented ; thofe that are at fome 

 days fight, or at ufance, muft be paid on the very day 

 they become due, no days of grace being here allowed. 



The ufance for bills drawn on Berlin is fourteen days 

 after acceptance. Berlin draws on Amfterdam, Brefiau, 

 Hamburgh, and Leipfic, at four or five weeks date, and at 

 fight, on London and Paris, at two months date ; the days 

 of grace by the edid of 1751 are three. 



At Bern in Switzerland, there is no law or cuftom re- 

 fpeding ufance, nor are any days of grace allowed. At 

 Bologna bills of exchange are paid in banco, except when 

 they are exprefsly drawn in money Fuori banco, or when 

 the acceptor and holder of the bill both agree that they 

 fhall be paid in currency ; in the latter cafe, the payment is 

 regulated by the Agio on banco. Bills drawn on Bologna 



from other parts of Italy are ufually paid eight days after 

 acceptance, in which neither the day of acceptance nor the 

 day of payment is included. No other days of grace are 

 allovred. BiUs payable after date, or on a determined day, 

 muft be paid the firft day after their written term. Bills 

 drawn on Bolfano, or Botzen in the Tyrol, are moftly pay- 

 able at the fairs ; nor have any regulations been made with 

 regard to the ufance or days of grace. At Bremen, the 

 ufance for bills drawn from feveral parts of Germany, is 

 fourteen days fight ; from London and Paris, one month 



notes and bills at fhort fight no days of grace are allowed. 



The ufance for bills drawn on Breflau is fourteen days after 

 acceptance ; half ufance, eight days ; and tlie days of grace 

 are three. For bills, however, payable at the fairs, two of 

 which are held every year by a royal edift of 1742, no days 

 of grace are allowed ; but fuch bills muft be fettled on the 

 laft day of payment in thofe fairs, or elfe be protefted. 

 Breflau draws on Amfterdam and Hamburgh at fight, or at 

 four or five weeks date ; on Berlin and Koniglberg at 

 fight, or eight or twelve days date ; on Vienna, Leipfic, and 

 other parts of Germany, at ufance of fourteen days fight ; 

 on Paris and London, at two or three months after date. 



At Brunfvvick, the ufance is fourteen days after accept- 

 ance. Three days are allowed to the holder of a bill to pre- 

 fent it for payment ; but no days of grace are allowed to 

 the acceptor. At Cadiz, the ufance is, for bills drawn from 

 France, one month after date ; but two months for bills 

 from all the reft of Europe. Six days grace are allowed, 

 on the laft of which bills muft be either paid or protefted. 



In Caftile, a province of Spain, the ufance for bills drawn 

 from London, Paris, or Genoa, is fixty days ; from 

 Amfterdam, two months ; and from Rome, three months 

 after date. 



Foreign bills, when they are accepted, have fourteen 

 days grace allo^-ed, except bills drawn from Rome, which, 

 as well as bills that have .lot been accepted, muft be either 

 paid or protefted on the very day on which they are made 

 payable. Bills draw n from Bilboa are allowed nineteen days ; 

 and from other parts of Spain, eight days grace. Bills at 

 fight muft be paid when prefented. At Cologne, the 

 uiance is fourteen days fight ; fix days grace are allowed ; 

 and if the fixth fliould fall on a Sunday, or holiday, the bill 

 muft be either paid, or protefted, on the firft day of bufinefs 

 following. 



Bills between Conftantinople and tlie principal trading 

 places of Europe are commonly drawn at thirty-one days 

 fight ; but from one place in Turkey on another, at eleven 

 days fight. Some European merchants pay their bills on 

 the very day on which they become due ; and others take 

 as many days grace as are allowed in their refpeClive 

 countries. 



At Copenhagen, there is no eftabliftied ufance ; but bills 

 are made payable on a certain day. Eight days grace are 

 allowed ; and if bills be not paid within that time, they may 

 be protefted immediately, and the proteft cannot be delayed 

 beyond the tenth day ; otherwife the holder of the bill is to 

 bear all rifles and expences. The days of acceptance and 

 proteft, as alfo Sundays and holidays, are included in the ten 

 days ; but in Altona, bills may be proteiled en the eleventh 

 day. 



At Dantzic, the ufance is fourteen days after acceptance, 

 and the days of grace are ten ; and when the tenth day falls 

 on a Sunday or holiday, the bill muft be paid on the pre- 

 ceding day. But bills at fight, or fuch as are protefted, 

 after the days of grace are elapfed, muft be either paid or 

 protefted within twenty-four hours after being prefented. 



which may be done even on a Sunday. Bills at fourteen 

 days fight have three days grace allowed. Bills drawn in 

 Dantzic cannot be negociated there a fecond time, but mull 

 be remitted by the firft holder to the place on which they 

 are drawn. 



In India, the bufinefs of exchange is chiefly carried on be- 

 tween the three prefidencies ; namely, Bengal, Madras, and 

 Bombay : which draw on each other at various dates, and 

 moftly in the denomination of money of the place where the 

 bill is to be paid ; but as there is always the greateft demand 



for 



