The merchants mappe of commerce wherein, the universall manner and matter of trade, is compendiously handled. The standerd and currant coines of sundry princes, observed. The reall and imaginary coines of accompts and exchanges, expressed. The naturall and artificiall commodities of all countries for transportation declared. The weights and measures of all eminent cities and tovvnes of traffique, collected and reduced one into another; and all to the meridian of commerce practised in the famous citie of London. By Lewes Roberts, merchant. Necessary for all such as shall be imployed in the publique affaires of princes in forreigne parts; for all gentlemen and others that travell abroad for delight or pleasure, and for all merchants or their factors that exercise the art of merchandizing in any part of the habitable world.

CHAP. CCCCIX.

Of Orders and comissons, given and received for draughts and remittances by exchanges in the City of Florence in Tuscany.

ACcording to my proposed methode, I will here set downe, an example or two of draughts and remit∣tances, * 1.1 made by Order and comisson in Florence.

To Florence then commeth advise from Venice, that the Exchange for the said place of Florence commeth at Cro. 80½ and for Placentia at duc. 135. they inorder in the said place of Venice, that at this rate, they make a remittance to Flo∣rence and draw from Placentia, at how much then will the draught of Florence for Placentia come unto, to do this. * 1.2

Multiply duc. 135½ which is the value of 100 Cro. of marc by Cro. 80½ of gold pr. cent, because the said Cro. of gold is the rate of the duc. 100 of Venice, and it will be Cro. 109 19 from which take ⅖ pr. cent, for the provision paied at Venice, and there will rest Cro. 108 12 10 and so many Cro. of gold, is imboursed at Florence for 100 Cro. of marc for a debt at Placentia, as thus for example: 〈 math 〉〈 math 〉

Again, one of Venice is creditor in Florence Cro. 3000 of gold, who * 1.3 inordereth that the same be remitted unto him at cro. 81½ or by Placentia at cro. 110, where the most advance & profit shall appeare to be, that is to say, that finding a remittance in both places, to be∣nefit of the price limited, the remittance should be where the pro∣fit and benefit is greatest, and finding the remittance to losse, the remittance be made where the damage is least, there is then Bills found for Venice at Cro. 82¼ and for Placentia at Cro. 110⅚ I de∣mand by which of the two should the remittance be made.

By both the said places there is found a delivery to losse, and to know which of the two is the least, say by the rule of three, If Cro. 81½ give Cro. 110 the price limited, what will Cro. 82¼ the price found give, and it will come to Cro. 111 0 2, so that the remit∣tance should be made by Placentia, because that remitting to Venice, at Cro. 82¼, to runne at the parr: the delivery should be for Pla∣centia at Cro. 111, and the bills is at Cro. 110⅚ Example: 〈 math 〉〈 math 〉

Againe one of Rome is debitor in Florence in Cro: 2500 who in∣ordereth that the draught be made at Cro: 91 or by Placentia at Cro: * 1.4 110½ where the most profit shall appeare to be, now there is found mony for Rome at Cro: 92⅕ l. for Placentia, at 109⅙ Cro: I de∣mand, whither should this draught be made, seeing that to both the places, the draughts happen to be to losse in both the limited prices, and to know which is the least of both, say by the rule of 3. if Cro: 92 〈◊〉〈◊〉 the price found for Rome (seeing that Placentia recei∣veth the uncertaine rate from Florence) give Cro: 110½ what will Cro: 91 the price inorderd give, it will make Cro: 109-1-2, so that the draught should bee made for Placentia, seeing that drawing for Rome at Crownes 92⅕, to runne upon a Parr: should be taken for Placentia at the said price at Cro: 109 〈◊〉〈◊〉 or there about, and there is found at more, that is at Cro: 109⅙: as by example.

〈 math 〉〈 math 〉

And so much shall suffice to have sayd of the Orders and Commis∣sons in draughts and remittances by exchange of Florence.

Notes

• * 1.1

  Orders and comisons gi∣ven and re∣ceived for draughts & remittances by exchange in Florence.
• * 1.2

  1. Example.
• * 1.3

  Example 2.
• * 1.4

  Example 3.