MONEY TABLE-continued. Sovereigns compared with a Draft on Quotations of London Exchange, reduced into Federal Money, as recommended London at 60 days' sight. by the Chambers of Commerce in the United States. To reduce Dollars to Pounds Sterling. From one-fourth of the number of dollars deduct 10 per cent of that fourth, and the remainder will be pounds, and the decimals of a pound. Example.-Required the value 444.44 dollars in pounds sterling. One-fourth equal to 111.11 10 per cent equal to 11.11 £100.00 Answer. Note.-The value of British silver shilling in the United States is 22 cents 2 mills. The following foreign coins, when of the required fineness, are a legal tender in the United States, at the following rates: GOLD COINS. 1 Those of Great Britain, Portugal, and Brazil, of 22 carats fineness, at Carats. 3 Those of Spain, Mexico, and Columbia, of the fineness of 20 carats 3 7-16 grains.. 89.9 2 Those of France, 9-10 fine 1 SILVER COINS. Dollars of Mexico, Peru, Chili, and Central America, and those restamped in Brazil, weighing) 415 grains, and of the fineness of 10 ounces 15 pennyweights of pure silver in a troy pound .... 2 Five-franc pieces of France, of the fineness of 10 ounces 16 pennyweights in the troy pound, and weighing 384 grains At 100 cents each. At 93 cents each. Pro forma accounts of shipments of Mexican dollars to France and England, calculated by Mr. J. F. Entz, of the New York Life Insurance and Trust Company : PRO FORMA Account of a Shipment of Mexican dollars from New York to London. The same 20,000 dollars, weighing 17,320 ounces, and sold at 4s. 101d. per ounce.. 4,194 13 10 £ Charges-Freight per packet, i per cent s. d. 10 8 4 Primage, 5 per cent... 10 5 4,156 5 0 20 15 7 4,177 0 7 Net proceeds, cash.. Total This amount, drawn at 60 days' sight, to realise the above 20,463 dollars, 75 cents the rate of exchange would have to be 110 23-100 per cent; which shows that the shipment would not be profitable, unless at least 110 per cent could be obtained for the draft. Without commission in London, the rate would be 109.67.6, or about 55-100 less. The following is a table by which the rate of exchange may be ascertained, at any given price for silver, in London: EXCHANGE TABLES. Exchange tables between London and the United States, and remittances to London from Paris, Hamburg, and Amsterdam, calculated at various rates from minimum to maximum of exchange. PARIS Remittances to London for Negotiation, compared with a Direct Remittance at Sixty Days' Sight, exclusive of Commission. UNITED STATES QUOTATION OF PARIS AT SIXTY DAYS' SIGHT. PARIS DRAFTS SOLD AT LONDON. HAMBURG Remittances to London for Negotiation, compared with a direct Remittance at sixty Days' Sight, exclusive of Commission. AMSTERDAM Remittances to London for Negotiation, compared with a direct Remittance at sixty Days' Sight, exclusive of Commission. UNITED STATES QUOTATION OF AMSTERDAM PER FLORIN. AMSTERDAM DRAFTS TABLE showing the Rate of Exchange realised by a Shipment of Spanish, Mexican, United States, or other Dollars, from New York to London. Example.-Mexican dollars costing 1 per cent premium, and sold in London at 58 pence per ounce, are equal to an exchange of 409.96. The intermediate prices for dollars are found by taken the difference as follows, viz. : 109.09 103 62 109.39 112.55 113.10 114.19 111.77 112.31 112.86 113.40 113.95 111.52 112.07 112.61 113.16 113.70 111.83 112.37 112.91 113.45 114.00 111.58 112.13 112.67 113.21 113.75 111.34 111.88 112.43 112.97 113.51 111.11 111.65 112.18 112.72 113.26 110.87 111.41 111.94 112.48 113.02 110.63 111.17 111.70 112.24 110.40 110.93 111.47 110.16 110.69 111.23 109.93 101.46 110.99 111.53 113.65 114 74 114.49 114.24 112.78 112.00 112.54 111.76 112 30 112.06 Dollars, at 1 per cent, and 58 pence Difference..... One half of this, or 271, added to 109.65, equal to 109.92. 1 per cent, equal to 109.65 55 |