THE METRIC SYSTEM. 3. Arbitrated pars and prices. (1) Bar gold. In London, 778. 10 d. per oz. st. 3 per mille premium. 295 In Paris, (2) Gold coins. In London, Doubloons, 778. 6d. per oz. wt. Rate 25.21. Price in Paris? (3) Bar silver. In London, 43d. per oz. st. 8 p.c. discount. Rate? In Paris, (4) Silver coins. In London price? Rate 25-19. Spanish Dollars in Paris, 5.42 each. 4. Simple circuit. What is profit or loss on £1000 expended in Hamburg Bills at 20-40, and sent to be sold in Paris at 125-70, my returns being sent me in bills of 3 mos. date at 25-33, time of the transaction being three days? 5. Compound arbitration. London-Paris. the By bills on Vienna bought in London, at 119:40, and sold in Berlin at 179. The proceeds being sent to Paris in bills on Amsterdam bought at 169.80 and sold there at 213. Weights and Measures.-The Metric System. = Unit of length. The mètre the 10-millionth part of a semi-meridian approximately. = Unit of surface. The are the square of ten metres. metre. = Unit of weight.-The gramme = the weight of pure water at 4° C. in the cube of of a metre. The multiples proceed by tens and the fractions by tenths. Greek prefixes denote multiples-deca, hecto, kilo, myria, 10 times, etc. Latin prefixes denote fractions-deci, centi, milli, the 10th part, etc. The words double and demi are used for the halves of the integers. Practically the are and hectare are used for landthe sq. metre, etc. being used for small areas. Also the cubic metre is used as the name for solids, and the cubic centimetre very often for capacity. The kilogramme is the ordinary commercial weight and is also used for bullion. Medicine is weighed in grammes. The only weights and measures of the old system (le système usuel) remaining to any large extent in use are: = = Corn. The Charge de Marseilles 16 hectolitre 4-402 imp. bush. = 55025 imp. qrs. GERMAN MONEY. = 297 Liquids. The Millerole de Marseilles 64 litres = 14:08 gallons. This is divided into 4 escandaux for wine, and 16 quarterons for oil. Wine and Brandy. The Bordeaux Barrique of 30 veltes = 228 litres = 502 imp. gallons nearly. Medicines. The Ounce of 8 gros. of 80 grains or 4 grammes. Note. The French call 1000 million a billion, and 1000 billion a trillion. Thus a French trillion = an English billion. GERMANY. Moneys and Bullion. 1 Reichsmark = 100 pfennige. The unit is the silver mark but gold is the standard -silver only being legal tender for small amounts. The gold coins are 5, 10, 20-mark pieces all 900 fine. 125.55 10-marks are coined out of 1 pfund (500 grammes). .. 1 kilogramme fine gold = 2790 marks and 1 pfund fine gold = 1395 marks. The silver coins are 5, 2, 1, 1, marks, all 900 fine. 100 marks are coined out of 1 pfund. .. 1 kilogramme fine silver = 2223 marks and 1 pfund fine silver = 111 marks. Nickel coins of 10, 5 pfennige and copper coins of 2, 1 pfennige are also issued. Gold coins 5 per mille light cease to be legal tender, but are exchanged for full value. The silver coins issued are 12 marks per head of the population. The thaler alone of the old silver coins yet remains in circulation and is legal tender for 3 marks-until this is demonetised the German system is like the étalon boiteux of the Latin Union and is not purely a gold standard. The thalers in circulation are about worth £20,000,000 -the gold coins in circulation are worth £80,000,000— a proportion of 1: 4, whereas in the Latin Union the proportion is 1:21. This silver money has no present effect upon the foreign exchanges, and they adjust themselves as if the gold standard was complete. The notes of the Imperial Bank or of the 18 other issue-banks or of the Government paper money are not legal tender. Assay reports are in millièmes. The bullion weights are the kilogramme or pfund (500 grammes). Bar gold and silver are quoted at Berlin and Hamburg in marks per kilogramme fine, and at Frankfort in marks per pfund fine. Foreign gold coins are quoted per piece. Napoleons (900 fine) and imperials (916 fine) are quoted per pfd. weight or per pfd. fine. The Mint coins gold for private account at 3 marks per pfd. fine, and charges for assaying 3 marks per bar. The gold bars must be not less than 5 pfds. in weight, nor under 900 in fineness. The Reichsbank at Berlin and branches (Dresden, Frankfort, Hamburg, Hanover) buy bar gold at M. 1392 per pfund fine when the bars are not less than 5 pfds. in weight nor under 900 in fineness. They also buy sovereigns, eagles, napoleons, imperials at prices announced from time to time (M. 1392—1393.50 per pfd. fine), taking eagles and napoleons as 8991, and sovereigns and imperials as 916 fine. Dutch gold PRICES OF GOLD. 299 coins of 10 and 20 Fl. are bought at about M. 1252-6608 per pfd. fine. 1. Bar gold. Chain for Par of Exchange. Rule. F. N. × Berlin price=London price × rate of exchange. 2. Gold coins. Correct above rule for fineness by a proportion. Rule. F. N. x Berlin price = London price × rate of exchange. 4. Silver coins are not much sold. |