value, to his proportional average of the loss, or so is $100, or £100, to the average loss per cent. 1. What should the following be valued at, in calculating an average, viz. 30 tons old sable iron 60 pieces sail cloth 109 66 ravens' duck 10 "sheeting Freight of the iron do. sail cloth, &c. Thus calculated. Ans. Net value $2985,47 having 2. A ship, in her passage from Amsterdam to received much damage in a gale, bore away for Ireland, where she arrived on the 5th October; and having received the necessary repairs, was ready for sea on the 23d December. Allowing $377 per month for the wages of the captain and crew, and 33 cents each per day for 14 men,* what did the whole amount to, in calculating the average. Oct. 26 Nov. 30 If 30 : 377 :: 79: $992,76 for wages. 79: 368,67 " board. Dec. 23 Ans. 1361,43 79 days. 3. In consequence of damage at sea, and expenses thereby incurred, the ship Massachusetts, freight and cargo deliv * One third of the monthly wages is generally allowed for board. ered, amounting in the whole to $75240, have to make good $7561,62. What is the average loss per cent. ? If 75240: 7561,62: 100 Or, 75240 : 7561,62 : : 1 dol. dollar. Ans. 10,05 per cent. or, 10,05 cts. per 4. It is required to know how much is to be charged to each of the following, interested in the preceding statement, viz. Ship valued at $6586,00 at $10,05 per cent. Freight $661,89 444,22 - 3953,80 2189,94 145,09 39,01 101,59 10,21 1168,72 117,46 $75240,00 $7561,62 FREIGHT. FREIGHT, in navigation and commerce, is the consideration of money agreed to be paid for the use or hire of a ship, or, in a larger sense, the burthen of such ship. 1. What is the freight of 1776 cwt. 2 qrs. 24 lbs. of sugar to Amsterdam, at £5 sterling per ton, equal to 5s. per cwt. 1776 2 24 Equal to $1974,13 cts. 2. What is the freight of 393 cwt. 2 qrs. 24 lbs. of coffee, at 90s. per 2000 lbs. ? 39300 4716 56 24 44096 90 2,000)3968,640 20)1984,320 3. What will the freight of 6 tons 4 cwt. 2 qrs. 18 lbs. of sugar, delivered at Trieste, amount to at £4 ster. per ton? Ans. £24 18 73. nn nn 4. What is the freight of 12 boxes, measuring 249 feet 4 inchos at 28. per foot? Ans. £24 18 8. The readiest way for casting freight is to have a table previously made, thus-at the preceding rate of £4. Use of the Table. T. C. gr. lb. 1. Required the freight of 15 4 2 3 at £4 ster. per ton. £60 0 0 0 16 0 020 0 0 11 2. Required the freight of the following goods in the Camillus, delivered in Trieste, at £4 sterling per ton. 3. G.'s freight in the Camillus, making part of the return cargo from Trieste to Boston, viz. What would it amount to in Boston, at £4 ster. for 2000 lbs. -100 lbs. Trieste or Vienna weight being equal to 123 lbs. English? 14622, Ans. £35 19 5 $159,87. An estimate of the quantity of certain goods calculated to make a ton in freight, viz. 60 Bolts of Sail-Cloth. 70 Half-p's 80 Pieces Duck. 2000 lbs. Coffee. 16 20 Indigo. ZETE 90 120 1 Hhd. 252 Gallons 236 800 lbs. Ravens' Duck. Cotton. Sugar. Salt Petre. 20 20 16 16 Ginger. 40 Cubic feet in Merchants' ships. When freight is per barrel, five cubic feet of other goods are allowed for a barrel. It would be well, if in making contracts for freight in foreign ports, captains or supercargoes would ascertain the contents of merchandise by actual measurement. This is the more necessary, as the customary rate of the tonnage of some goods differs from the true contents. PRIMAGE. PRIMAGE is a certain allowance paid by the shipper or consignee of goods, to the master of a vessel, for loading the same. What is the primage on the following sums at 5 per cent. viz. A.'s freight of £813 11 8 sterling. B.'s 321 53 Ans. On A.'s freight £40 14 7 or $181,02 B.'s 16 1 3 33 15 1 71,381 150,01 BUYING AND SELLING STOCKS. STOCK, in the sense in which it is here used, is a fund established by government or individuals in a corporate capacity, the value of which is variable. EXAMPLES. 1. What is the amount of $1565 national bank stock, at 134 per cent.? 3697,50 Ans. $3697 50 cts. 3. $6959 of 8 per cent. stock at 110 per ct. Ans. 7654,90 |