An Essay Upon Projects by Daniel Defoe
page 38 of 185 (20%)
page 38 of 185 (20%)
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forbearance . . . . . . . . . . . . 74 0 0
====== 193 0 0 Principal money borrowed . . . . 700 0 0 ======= 893 0 0 Due to the merchant . . . . . . . . . . 29 0 0 ======= 922 0 0 By the moderatest computation that can be, these wines cost the merchant as follows:- First Cost with Charges on Board. Pounds s. d In Lisbon 15 mille reis per pipe is 1,500 mille reis; exchange, at 6s. 4d. per mille rei . . . . . 475 0 0 Freight to London, then at 3 pounds per ton . . . . . . . . . . . . . . . . 150 0 0 Assurance on 500 pounds at 2 per cent. . . 10 0 0 Petty charges . . . . . . . . . . . . . 5 0 0 ======= 640 0 0 So that it is manifest by the extortion of this banker, the poor man lost the whole capital with freight and charges, and made but 29 pounds produce of a hundred pipes of wine. One other office of this bank, and which would take up a considerable branch of the stock, is for lending money upon pledges, |
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