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Tate's Modern cambist; a manual of foreign exchanges and bullion, with the monetary systems of the world and foreign weights and measures

Tate's Modern cambist; a manual of foreign exchanges and bullion, with the monetary systems of the world and foreign weights and measures

27582455
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Описание
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1908 Excerpt: ...Kuping Taels. 100 Kuping „ = 10960 Shanghai „ SHANGHAI TAEL. This weight is the standard of international exchange for the trade of Northern China and the Yang-tze basin. Its proper name is Convention currency, by which 98 Taels on scale equal 100 Taels of money of account. The rate of exchange for the day is accepted by merchants as the rate of conversion between two fixed currencies. This weight is 545-25 grains 980 fine, but there are three things to be taken into account, viz. weight, quality, and the convention. The last named is the custom of trade, so that 98 Taels of this weight and of this silver liquidates a liability of 100 Taels. Shanghai convention currency expressed in terms of the Dollar, 1 Shanghai Tael = 14105 silver Dollars. For transactions in foreign bar silver the weight is 579'85 grains. The Government in making payments for discharging its liabilities to foreign nations pays in Shanghai currency: Kuping Taels 100 = Tsaoping Taels. 101 80 Add touch of pure silver on two shoes.. 5-600 Divide by convention-98.. = 109592 Add for meltage....-008 107400 109600 TIEN-TSIN, HAN-KAU AND CANTON TAELS. Tien-tsin weight 557-6 grains 992 fine. Han-Kau „ 5547 „ 967 „ Canton „ 57985,, 1000 „ The last named was formerly 1000 fine, but Mexican Dollars more or less battered have supplanted ingots. For large transactions payment is always made by weight and never by the number of silver coins. It is always necessary to explain clearly whether the Taelis of foreign silver 900 fine or pure silver; if the latter payment is made by weighing 10 per cent. additional of the silver Dollar. In recent years, when making payments in subsidiary silver 800 fine it is usual to allow 20 per cent., with possibly some bargainings...