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. CCCXLII.

Of Orders and Commissions given and received for draughts and remittances by Exchanges in Rome.

I Will herein, following my first intended method, give you also a proposition or two of a draught and * 1.1 remittance by commission and Order, the manner whereof largely explained by example, will be full and sufficient for reglement for the like draught or remittance from this City to any other place.

From Rome then is •…•…mitted to Venice, at Crownes 97¼ posi•…•…o, and from thence is remitted to P•…•…acentia at Duccat. 136 〈◊〉〈◊〉, I would now know at h•…•… much commeth the remittance from Rome for Placen∣tia, to doe which worke thus.

You must first multiplie the said Ducc. 136⅔ being the price of 100 Crow. of Mark by Crow. 72¼ per cent. cutting the two last figures, the which being multiplyed by 20 and by 12, to reduce them into Sols and Den. of gold, and in thus working it will come to Crownes 98. 14. 9. to the which must be added 〈◊〉〈◊〉 per cent. for the provision, paid at Venice which is 6 Sols 7 Deniers, and they make Crownes 99 〈◊〉〈◊〉 and so many Crownes destampe is disbursed in Rome

for 100 Crownes of marc of credit at Placentia, as doth appeare by Example following. 〈 math 〉〈 math 〉

To prove this account, you must see how much the summe of * 1.2 Crownes destampe that you would remit, are worth in Duccats in Venice, at the said price of Crownes 72¼ for Ducc. 100, out of which to make the remittance to Placentia, the provision is to be taken out at ⅖ per cent. then see, how many will the Crownes of marke give at Ducc. 136 〈◊〉〈◊〉 for 100 Crownes of marke, and the Crownes of marke, which come thereof, must be multiplyed by the said price of 99 〈◊〉〈◊〉 per cent. and in thus working, will come the selfe-same sum of crownes of estampe, which are disbursed in 〈◊〉〈◊〉 〈◊〉〈◊〉 •…•…e remit∣tance made to Venice, and by the Rule may 〈◊〉〈◊〉 be made of all other accounts of the selfe-same subject▪

But it is to be noted, that the said account cannot serve in any other occasion, but where the remittance is made from Rome to Placentia, and that the Exchange is at 100⅓ crowne of estampe, for 100 crownes of marke, thereby to discerne, if it be the more profitable, to remit, as they terme it, a dritura or straight, or else to make remittance to Venice, and from Venice to Placenti•…•…, as is beforesaid at the above said prices, the remittance comming to be at 99 〈◊〉〈◊〉 crownes of •…•…ampe, so that as i•…•… is apparent it is more beneficiall to remit to Placentia by the way of Venice, for as much as •…•…t is seene by this Example, that for 100 crownes of marke in that •…•…ace, there is no more paid and disbursed, but crownes 99 1/11 in Ro•…•…, and ma∣king the remittance straight and a dritura 100 〈◊〉〈◊〉 crownes is to be disbursed. And moreover it is to be noted, that their Exchange is made some times, at a greater or lesser price, according to the aboundance or scarsity of the monyes current, and therefore these accounts serve onely but for instruction sake, and to shew how the Rules thereof are to be reckoned and cast up.

Another example of a commission given to enlighten this point, I will adde hereunto.

There is order and Commission given at Rome to remit to Venice at 73 〈◊〉〈◊〉 crownes, and to prevaile for the same from Placentia at crow. 93 〈◊〉〈◊〉, but there is found bills of Exchange for Venice at crownes 74⅓ and mony for Florence at crownes 94⅖, the question is then, if at these prices, the said Commission and Order may be effected. The which to accomplish and know, I must say by the Rule of three, seeing, that Rome giveth the uncertaine to both those said two places, If crownes 73⅔ give 93 〈◊〉〈◊〉 crownes, what will crownes 74⅓ give, and it will give by the said Rule, crownes 94. 3. 6 d. so that this order and commission may be accomplished and performed with be∣nefit, because that remitting to Venice at crownes 74⅓, it ought to be drawne to Florence at crownes 94. 3. 6, and there it is found at more videlicet at crownes 94⅖, as for Example. 〈 math 〉〈 math 〉

And thus much shall serve for instruction and method to the Exchanges and commissions practised at Rome, and now I will pro∣ceed to the next eminent place of Exchanges, according to my intended method, which is Naples.

Notes

• * 1.1

  Orders and Commissions 〈◊〉〈◊〉 and re∣ceived for d•…•…ught and remittances in Rome.
• * 1.2

  Proofe.