USANCE. 



cafe of non-payment, he is not permitted to connive at any 

 dclay, but muit, on the very day, have it protefted, with 

 intereft, expences, &c. and return the bill the firft oppor- 

 tunity. If he neglefts any of thefe regulations, he lofes all 

 claim on the drawer and indorfors. Bills payable a villa, 

 or on demand, may be prefented and accepted even on a 

 Sunday or holiday, and muft be paid within twenty-four 

 hours after acceptance. 



The ufance at Lilbon for bills drawn from Spain is fif- 

 teen days fight ; from London, thirty days fight ; from 

 Germany and Holland, two months after date ; from France, 

 fixty days ditto ; from Italy, and alfo Ireland, three months 

 after date. Six days of grace are allowed on foreign bills, 

 when they have been accepted ; but unaccepted bills mufl: 

 be either paid or protefted on the very day when they be- 

 come due. Bills drawn from any part of the Portuguefe 

 dominions, both in Europe and in other parts of the world, 

 are allowed fifteen days grace. 



In London, the ufance for bills drawn from Holland, 

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

 gal, two months ; and from Italy, three months ; all after 

 date. Three days grace are allowed on all bills payable at 

 ufance, or after date, or at fo many days fight ; but if the 

 third day (hould fall on a Sunday, payment muft be made 

 on the preceding Saturday. Bills at figlit, or on demand, 

 muft be paid on the day when they are prefented. 



At Lubec, ufances are the fame as at Hamburgh ; and ten 

 days grace are allowed. 



The ufance, and all other regulations refpefting bills of 

 exchange, in Lucca, are the fame as in Leghorn. 



The ufance at Marfeilles, for bills drawn from Spain and 

 Portugal, is fixty days ; and from other countries, thirty 

 days after date. Bills at fight muft be paid on being pre- 

 fented, and the payment of other bills may be claimed on 

 the next day after their term is expired ; but it is not cuf- 

 tomary among the merchants to demand payment till a few 

 days after, and the bills are not protefted till the ninth or 

 tenth day. This is alfo with regard to notes payable to 

 order, for value received in merchandife. 



The ufance at Milan, for bills drawn from Genoa, Leg- 

 horn, Piedmont, and all Lombardy, is eight days fight ; 

 from Rome, Florence, Auglburg, Vienna, and all Germany, 

 fifteen days fight ; from Venice, twenty days date ; from 

 Naples and Sicily, twenty days fight ; from France and 

 Savoy, one month after date : from Spain, Holland, and 

 F'.anders, two months ; from I^ondon, three months after 

 date ; the month always reckoned at thirty days. Bills at 

 fight muft be paid on being prefented ; bills payable at 

 ufance, or fome days after date or figlit, muft be paid the 

 day after their written term ; and if this fiiould fall on a 

 Sunday or hoHday, payment is to take place on the next 

 working day. Accordingly no days of grace can be claimed 

 at Milan ; yet the holder of the bill may grant to the ac- 

 ceptor of it three days ; in which cafe, however, the bill 

 muft be carried to the notary of the chamber of commerce, 

 who writes upon it " feen on fuch a day ;" and when the bill 

 is afterwards accepted, the acceptance is to be dated from 

 the day on which it was firft prefented ; but if refuied, the 

 proteft is to take place on the day marked by tlie notary. 

 The fame grace may be allowed with regard to payment, 

 when the bill becomes due ; but any delay is always at the 

 option of the holder. 



Tlie ufance in Naples, for bills drawn from any part of 

 the kingdom of Naples, is fifteen days after acceptance ; 

 and from Sicily, Genoa, Venice, Leghorn, and Rome, 

 twenty-two days; from Spain, two months after date; and 

 from London, three months. The acceptance is to take 



place on the Saturday after the arrival of the port from th? 

 place where the bill was drawn. But bills payable at fo 

 many days fight or date muft be accepted or protefted on 

 being prefented, without any delay. Three days grace are 

 allowed, except for bills at fight. 



The ufance at Novi, in Italy, for bills on Genoa, Milan, 

 and Bergamo, is twenty days from the clearing day ; on 

 Florence, Venice, Rome, Lucca, and Bologna, twenty-five 

 days ; on Naples, Valencia, and Barcelona, thirty-days ; on 

 Palermo, Meffma, and Madrid, forty-five days ; on Liftjon 

 and Seville, two months ; all reckoned from the clearing day 

 inchifive. No days of grace are allowed. 



At Nuremberg, the common ufance for bills of exchange 

 is fifteen days ; half ufance, feven days ; double ditto, thirty 

 days ; one and a half ditto, twenty-three days ; all reckoned 

 from the day after acceptance. When bills are payable after 

 date, the time is reckoned from the day after that on which 

 the bill was drawn ; Sundays and holidays, and vacations of 

 the bank, are included. When bills are made payable at 

 one or more months after date or fight, they become due on 

 the fame day of the month on which they were drawn or ac- 

 cepted. Six days grace are allowed ; but none on bills at 

 fight, or two, three, or four days fight, or at a fhorter date 

 than half ufance. If a bill payable after date (Tiould not 

 arrive ui^til after fome of the days of grace are elapfed, 

 thefe days are not to be reckoned from the arrival of the 

 bill, but from the day on which it is made payable ; and if 

 all the fix days fiiould be elapfed, the bill muft be paid 

 within twenty-four hours of its arrival. 



The ufance at Pr.igue is fourteen days after acceptance ; 

 and three dnys grace are allowed, as in all the Auftriaii 

 dominions. 



Rome draws on Amfterdam, Ancona, Bologna, Florence, 

 Genoa, Leghorn, London, Lyons and Paris, Madrid, Mi- 

 lan, Naples, and Venice, at ulance, which is tkree weeks 

 after acceptance ; but bills on Pans are drawn at thirty-five 

 or forty days after date. Bills drawn on Rome at ufance 

 from any part of the ecclefiaftical ftates are accepted on the 

 Wednefday or the Saturday ; bills from foreign parts are 

 generally accepted on the Saturday in the week in which 

 they are received, except thofe from the kingdom of Naples, 

 which are accepted on the Friday. Protefts for non-ac- 

 ceptance or non-payment are to take place on thofe days. 

 The ulance is properly two weeks after acceptance, and it 

 has been the conftant practice of bankers to pay their bills 

 at the expiration of the fourteen days ; a week of grace 

 however is allowed, and merchants and all other traders, ex- 

 cept bankers, avail themfelves of it. This week is under- 

 ftood in the following manner : — Bills accepted on a Friday 

 or Saturday, are paid twenty-one days after acceptance ; 

 but the period for bills accepted on a Wednefday is only 

 eighteen days. Bills drawn at fo many days fight muft be 

 paid on the day their written term expires. 



At Rotterdam, fix days grace are allowed ; and when bills 

 become due during the time the bank remains Ihut, it is not 

 ufual to demand payment until the third day after the 

 opening. 



Bills drawn in Ruffia, whicii are payable after date, are 

 allowed ten days grace ; but if payable at fight, three days 

 only : Sundays and holidays are included in both cafes. 

 Payment muft be demanded in the morning of th* day the 

 bill becomes due ; and in cafe of non-payment, the proteft 

 should take place at lateft cri the following day. The ten days 

 gracj are allowed, even though the written term of the bill 

 (hould be elapfed before it is prefented or accepted. But 

 bills payable at fo many days after fight, are not allowed 

 any days of grace; and if the acceptance be delayed, the 



term 



