The merchants map of commerce wherein the universal manner and matter relating to trade and merchandize are fully treated of, the standard and current coins of most princes and republicks observ'd, the real and imaginary coins of accounts and exchanges express'd, the natural products and artificial commodities and manufactures for transportation declar'd, the weights and measures of all eminent cities and towns of traffick in the universe, collected one into another, and all reduc'd to the meridian of commerce practis'd in the famous city of London / by Lewis Roberts, merchant.

CHAP. CCCXCVIII. Of Orders and Commissions given and received for Draughts and Remittances in Placentia.

ACcording to my method proposed, I will here add some examples of Draughts and Remit∣tances made by Order and Commission, in this place of Placentia, wherein I will some∣what enlarge my self, by reason that it is the most noted and eminent place of Exchanges at this day practised in the World.

To Placentia then is order given, to remit to Venice at Duc. 134, or to Florence at Crowns 110½ where the benefit shall appear to be most, that is to say, that finding to remit to one of the said two places, with benefit of the limited prices, the remittance be made thither where most will be given, and if the Remittance be found to be made with loss, to that which will give the least: For Florence then there is found at Crow. 111⅖, and for Venice at Duc. 135: I de∣mand whither ought the Remittance to be made? for to both the Remittance is found to be with profit: And to know where the greatest gain will be, I say by the Rule of Three, If Duc. 134 give 110½ the inordered price, what will 135 Duc. give? The price found, it will make Crow. 111⅓, or circa, so that there is more profit to make the Remittance to Florence, because that remitting at Duc. 135, to make the Par, the Remittance should be for Florence at Crow. 111⅓, and the partido found is 111⅖ Crow. As in the following Example:

〈 math 〉〈 math 〉

Again, at Placentia there is order received to remit to Antwerp at Grosses 123, or to Bar∣selona at Sol ½, where the most advantage shall be found; there is found a parcel for Antwerp at Grosse 120⅔, and for Barselona at Sol 24, I would know to which must the Remittance be made, seeing that in both places there is loss given upon the prices that are inordered: and to know where is the least, I say by the Rule of Three, If Sols 24½ give Grosses 123, the price •…•…ordered, what will 24 Sols give, the price that is found? And it maketh Grosses 120½; so that the Remittance must be made for Antwerp, by reason that remitting to Barselona at Sols 24, to make the Par, the Remittance should be made to Antwerp at Grosse 120½; and it is found at 120 ••/3: 〈 math 〉〈 math 〉

Notes

• Orders and Commissions given and re∣ceived for Draughts and Remittances in Placentia.
• 1. Example.
• See Example.