"It is very easy to fancy problems and theories in Compound Arbitration, where great advantages might be made by numerous combinations of exchange, but seldom does any opportunity occur in practice of realizing such speculations. On the contrary, men of experience are satisfied with combining the exchanges of three places only, and there are few instances of the kind that will not afford room for a reasonable profit." AMERICAN DUTIES Are calculated as in the following EXAMPLES. 1. What is the duty on 2 hhds. of brown Sugar, weighing gross 2425 lbs. draft 7 lb. per hhd. tare 12 per cent. and duty 3 cents per lb. ? 2425 2X7 14 draft. 2411 12 per ct. 289 tare. 2122 net. Ans. $63,66 cts. 2. What is the duty on 2 bags Havana Sugar, weighing 285 lb. gross, draft per cent. tare 2 per cent. and duty 5 cents per lb. ? 3. What is the duty on 6 puncheons of Rum, containing, viz. On Sugar, in boxes, 15 per cent.; in casks, 12 per cent.; in bags or mats, 5 per cent.-Coffee, in casks, 12; in bags, 2; and in bales, 3 per cent.-Cotton, in bales, 2; and in zeroons, per cent.-Cocoa, in casks, 10; and in bags, 1 per cent.-Pepper, in casks, 12; in bales, 5; and in bags 2 per cent.-Green Teas, 20 lb. per chest ; Souchong, over 100 wt. 22 lb. per chest; Bohea, whole chest, 70 lb. ; half do. 36 lb.; quarter do. 22 lb.-Leakage on Spirits 2 per cent. The mode of estimating ad valorem rates of duty. The ad valorem rates of duty, upon goods, wares and merchandises, at the place of importation, shall be estimated by adding 20 per cent, to the actual cost thereof, if imported from the Cape of Good Hope, or from any other place beyond the same, and 10 per cent. on the actual cost thereof, if imported from any other place or country, including all charges; commissions, outside packages and insurance excepted. (See Laws of the United States.) "The fluctuating value of Exchange on London at the time and I place of shipment, is the standard which the Treasury and Collectors take for most of the moneys, not rated specifically by law.-In entering goods at the Custom House, the value of each package should be put separately in the Entry; and at the short price. If there was any discount allowed to the owner, in payment made for the same before their shipment, and the true value, if the owner is the manufacturer in whole or in part, without any discount." 4. What is the duty on one bale of Linen Diapers from St. Petersburg, the cost there being 710 Rubles 50 Copecs, each at 10 d. sterling duty at 15 per cent. ? Ans. $22,77 cts 5. How much is the duty on one bale of Cloth from, Bremen, which cost 400 Rix dollars, at 75 cents each, the duty at 25 per cent. ? Ans. $82,50 cts. 6. Three Cases of goods from Paris cost, viz. The duty on Watches, &c. is 7, on Silks, &c. 15, and on Flowers, &c. 30 per cent.? Cost of Watches, &c. fs. 2500,75 at 188 cts. 468,89 7. What is the duty on 10 Cases of Silk, invoiced at Sa. Rs. 5610 14 2, Rs. at 50 cts. each, and duty at 15 per cent.? Ans. $504,98 cts. 8. What is the duty on 100 bags Salt Petre, cost Sa. Rs. 2015 12 5, at 7 per cent. ? Ans $90,71. 9. Required the duty on 3 Camel's hair Shawls, cost Sa. Rs. 1050, at 25 per cent. Ans. $157,50. Paper from Legat 90 cents, and Ans. £275,30. 10. Required the duty on 15 Cases of horn, cost Pezzas 926 18 10, the pezza duty 30 per cent. Bonds. $91,30 92,00 92,00 $275,30 Duty. Debentures. $89,42 89,00 90,00 $268,42 Drawback. 11. Three Cases of goods of the following amount were imported from Liverpool, on the 1st of January, viz. 3. One Case Bombasin cost ster. £63 8 7 duty 15 per ct. Required the amount of duties and drawback valuing the L ster. at $4,44 cts. Ans. $152,34 for Duty. $152,34 less 2 per ct.* 148,53 for Debentures. Bonds. Debentures. 1 Bond due 1st. Sept. $50,34 1 payable 2d Sept.$49,53 TABLES of the value of the Gold Coins of Great Britain, France and Spain, according to the Act of Congress of April 29, 1816. *Allowed by law to be retained, but no drawback is allowed on duties of a less sum than $50. |