VISIT TO ABYSSINIA. 269 
An ounce of this gold is worth £2, iSs* ^d. if pure gold be worth 
£/]^. which gives a profit of $s. 5^d, per ounce. The following esti- 
mate will shew the value of the ivory trade. 
1000 frassel of ga^lbs each, at 23-§- dollars per frassel, 
at 45. 6d. ------ dollars 22,500 
£5062 10 o 
Agent's commission on the purchase, ^ per cent. 253 2 6 
Shipping, and delivery on board, 1 per cent. - 50 12 6 
Cost on board £52^^ 5 o 
Freight on 1^^ tons, at £"10. per ton, being an article 
that might be stowed among the interstices of the 
cargo 1^^ o o 
Insurance on £5goo, at £6. per cent, not being subject 
to average - - - - - - - 354 o o 
Policy duty ^ per cent. - - * - - 14 15 o 
Interest on 5366. first cost, for nine months, at the 
rate of £^5. per cent, per annum - - - 201 4 6 
Cost in London ^'^oSi 4 6 
Landing charges 1 per cent - - - -- 60163 
Duty on 32,500 lbs. viz. 290 cwt. o qr. 20 lb. at £9.. "js, 
per cwt. 27f per cent, and £8. 6s. Sd. per cent. 926 5 6 
Cost in the warehouse £7^^^ ^ S 
This quantity would produce ^"8125. at the average price of £28. 
per cwt. or about £15. per cent, profit if for home consumption ; 
but if for exportation, there is a drawback of £1, 45. ^d, per cwt. 
On the larger teeth the profit would be greater. 
I 
