Articoli correlati a History of the West Indies; Comprising Jamaica, Honduras,...
History of the West Indies; Comprising Jamaica, Honduras, Trinidad, Tobago, Grenada, The Bahamas, and The Virgin Isles - Brossura
This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1836 Excerpt: ... and value' of the coins alike; and these, again, vary in proportion to sterling money--thus: Sterling. Currency. Doll. Currency. Jamaica.. 1001.=l401. 1=6s. 8d. Barbadoes.. 1001. 1351. 1 6s. 3d. Windward Isles, ex cept Barbadoes. 1001. 1751. 1 8s. 3d. Leeward Isles. 1001. 2001. l 9s. Od. As regards Jamaica, this is the nominal par of exchange. In real transactions of buying or selling bills, the exchange is thus adjusted:--If bills bear a premium, say 20 per cent., then a bill for 1001. sterling is said to be equal to 1201. sterling: this latter sum, turned into Jamaica currency at 40 per cent., makes a bill for l001. sterling require about 1681. currency. The relative value of the currencies of the mother country and colony varies, of course, from this ratio, as bills may at the time bear a higher or lower premium. In Barbadoes, or the other colonies, the currency, as compared with sterling, varies according to the demand for bills. The real exchange depends on the price which may be paid for a bill of exchange. Sometimes the price or premium has been 22 per cent.; sometimes bills have been at a discount of from 7 to 10 per cent. In the formencase, the buyer of the bill pays 20 per cent.; and in the latter he receives from 7 to 20 per cent. At the established rate of the dollar in Jamaica, 4s. 3-$11. sterling will be equal to 6s. currency, or 14s. 3%d. sterling to 11. currency. The metallic currency in the island is estimated at lO0,0001. A silver standard and copper coinage for all the West India possessions (of a depreciated value to that of monnmnr SYSTEM. 125 the English coinage, so as to keep it in the settlements) would probably be productive of considerable benefit. I am glad to find that a West India bank, with its capital and direction in L...
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- EditoreRareBooksClub.com
- Data di pubblicazione2012
- ISBN 10 1235998983
- ISBN 13 9781235998980
- RilegaturaCopertina flessibile
- Numero di pagine76
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