How to bring French Crowns into sterling Mony.
IF you have a Bill of Exchange sent you from France, the Mony to be receiv'd in London, and your Bill be remitted to pay so many Crowns, at such or such a rate, as it is usual to do; To know how much you must receive here in sterling Mony, you must first bring your French Crowns into Pence sterling, at the price or rate set down in your Bill, and then bring your Pence into Pounds, and you have your Desire: As for example, If your Bill be drawn to pay 250 Crowns at 56¼ d. per Crown, first multiply the 250 Crowns by 56 d. this makes 14000 pence, whereunto add for the ¼ 62½ pence (because 62½ is the ¼ part of 250) and it will make 14062½ sterling, and divide the 14062 by 240 d. (because 240 d. make a pound sterling) and it will produce 58 pounds sterling, and there will remain 142 pence, which divided by 12d. will make 11 shillings and there will remain 10 d. then add the ½d. remaining of your multiplication, and the total is 58:11:10½. As for Example, thus, 〈 math 〉〈 math 〉
By the same rule you may reduce Ducats, Dollars and Pieces of Eight, into sterling Mony, when you know how many Pence sterling the Ducat, Dollar or Piece of Eight is valu'd at for the Exchange thereof; but because this properly belongs to the Art of Arithme∣tick, whereof divers able Men have already publish'd several Treatises, in French and Dutch, and also in English, some whereof have come to my hands, therefore I shall not proceed any further herein; It suffices, that what I have in this Treatise declared, is warrantable according to the Law of Merchants, and enough to guide any in the Trade of Exchange, beyond what hath ever hitherto been publish'd by any, which I will aver and justifie.