Part 4 (2/2)
6 5
3017
(17.) 4118
3998
5 0 0
779
6 6
2979
(18.) 4154
4032
5 2 0
764
6 7
2941
(19.) 4189
4067
5 4 0
749
6 8
2904
(20.) 4224
4102
5 6 0
735
6 9
2869
(21.) 4259
4136
5 8 0
721
6 10
2833
5 10 0
708
6 11
2799
7 0
2766
7 1
2732
7 2
2702
7 3
2671
7 4
2640
7 5
2611
7 6
2582
+-----------+-------------+-------------+------+----------+----------+
XIV.
LONDON, _1 Jan., 1814_.
MY DEAR SIR,
Having finished a table for the Hamburgh exchanges, similar to that which I have already sent you for Holland, I thought you might like to have a copy of it[59]. In this as well as in the other the result is not quite satisfactory; for example, at the present time I believe the exchange with Hamburgh is quoted 28_s._ and the price of dollars 6_s._ 11-1/2_d._ By the table it appears that with [such] a price of dollars the exchange at par would be 25_s._; consequently it is now unfavourable to Hamburgh 12 per cent., which appears to me to be excessively high. In fact, under the present circ.u.mstances, there can be no intercourse with Hamburgh, and the quotation must be only nominal. Mrs. Ricardo and I leave London to-morrow early for Bradford; from thence we intend going to Gatcomb[60], and expect to be in town again on Thursday. I hope we shall soon see you. With best wishes to Mrs. Malthus,
I am, dear Sir, Yours very truly, DAVID RICARDO.
Table Key
A: Price of a ducat or 53 grains of fine gold in marks banco.
B: Price of an oz. of standard gold in Flemish s.h.i.+llings banco.
C: Par of exchange with London in Flemish s.h.i.+llings banco per sterling of gold.
D: Corresponding price of an oz. of standard silver in London in pence.
E: Corresponding price of an oz. of standard gold in London in , etc.
F: When the price of gold in London in bank-notes is per oz.
G: The bullion par of exchange must be multiplied by H: When the price of dollars in London is per oz.
I: The par of exchange in silver is
+----+-------+------+------+------+------------+----+---------+------+
A
B
C
D
E
F
G
H
I
+----+-------+------+------+------+------------+----+---------+------+
_s._ _d._
_s._ _d._
539
11933
3060
7097
4 0 0
973
4 11-1/2
3508
545
12066
3094
7019
4 1 0
961
5 1
3422
551
12199
3128
6943
4 2 0
949
5 2-1/2
3339
557
12332
3163
6868
4 3 0
938
5 4
3261
563
12465
3197
6795
4 4 0
927
5 5-1/2
3187
569
12598
3233
6723
4 5 0
916
5 7
3115
575
12731
3268
6653
4 6 0
905
5 8-1/2
3047
581
12864
3303
6584
4 7 0
895
5 10
2982
587
12996
3337
6517
4 8 0
885
5 11-1/2
2919
593
13129
3372
6451
4 9 0
875
6 1
2859
599
13262
3407
6386
4 10 0
865
6 2-1/2
2802
605
13395
3442
6323
4 11 0
856
6 4
2746
611
13528
3476
6261
4 13 0
838
6 5-1/2
2693
617
13661
3508
62
3893
4 15 0
820
6 7
2642
623
13792
3542
3931
4 17 0
803
6 8-1/2
2593
629
13925
3576
3968
4 19 0
796
6 10
2546
635
14057
3611
4005
5 0 0
779
6 11-1/2
25
641
14189
3645
4043
5 2 0
764
7 1
2455
647
14321
3679
4081
5 4 0
749
7 2
2413
653
14454
3714
4119
5 6 0
735
659
14586
3748
4157
5 8 0
721
665
14719
3783
4195
5 10 0
708
671
14851
3818
4233
677
14984
3852
4270
683
15117
3887
4308
689
15250
3922
4346
+----+-------+------+------+------+------------+----+---------+------+
N.B.--3 marks are equal to 8 Flemish s.h.i.+llings banco. When dollars are 4_s._ 11-1/2_d._, standard is 2-1/2_d._ more. When 6_s._ 1_d._, 3_d._ more. When 7_s._, 3-1/2_d._ more.
XV.
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