EXAMPLES. 1. Direct. London-Italy. (1) £2600. 18s. 9d., at 3 mos. 26-27, 3 mos. 26. Discount, 23 p.c., 2 p.c. (2) £375. 98. 10d., at 3 mos. 26.04. Discount, 2 p.c. (3) £8000, at 3 mos. 26-251. Discount, 1 p.c. (4) L. 7325-25, at 3 mos. 26-271, 3 mos. 26-05. Discount, 2 p.c., 3 p.c. (1) Through Paris, 25-20, 112. (2) Through Berlin, 20:381, 129. (3) Through Vienna, 12.071, 250. Direct rates, 3 mos. 26-26, 26.10. Discount, 1 p.c., 2p.c. Since 1867 the monetary system was to be assimilated to that of France-the drachme being equal to the franc. This reform is not complete. The old drachme was of the Spanish silver peso. 100 new drachmes are taken for 112 old drachmes. Since 1877 the two issue Banks, the National and the Ionian, have greatly increased their note-issues by law. These notes are legal tender and pass at the exchange 100 new drachmes for 112 old drachmes, but they have fallen to a discount of 10 p.c. as regards metallic money. Only the silver coins of the Latin Union are legal tender in addition. 20 new lepta are taken for 25 old lepta. 12 p.c. duty is charged on the export of Greek silver coins below 5 drachmes, GREEK METRIC NAMES. Exchanges and Bills. 331 Bills are stamped thus:-up to dr. 1500, 50 lepta per 750 dr.: from 1500 to 6000, 1 dr. per 1500: from 6000 to 15000, 2 dr. per 3000: above, 4 dr. per bovo or fraction. In some Grecian Islands (Lyra, etc.) the monetary unit is the current drachme, then the quotation for Athens is about 125 (in current drachmes per 100 dr.). The Course of Exchange at Corfu is as at Athens. Weights and Measures. The metric system, with different names in some cases. The gramme is called the drachme: the decigramme, the obolos: the centigramme, the gram. The common commercial weight is the mina = 1500 drachmes 1 kilogrammes. = The decilitre is called the kotylos: the centilitre, the mystra: the millilitre, the kubos. The royal kilo is the same as the hectolitre (for corn). The metre is called piki. The royal stadeon = 1000 pikis. The Greek mile = 10000 pikis = 10 kilometres. 1 royal piki = 1·5423 Constantinople piki = 1·4948 large piki. The weights and measures of the Ionian Islands are those of Great Britain with Italian denominations. SCANDINAVIA. DENMARK. Moneys and Bullion. 1 krone = 100 öre. Denmark is a party to the Scandinavian Mint Convention of 1872-at first with Sweden aloneNorway joining in it afterwards. This convention established the gold standard. The unit is the silver krone-legal tender up to 20 kroner only. The gold coins are 20-kroner, and 10-kroner pieces. The legal weight is given by this rate, 124 20-kroner pieces or 248 10-kroner pieces 900 fine must be coined from 1 kilogramme fine gold. Thus the 10-kroner weighs 4-480286 grammes (4-032258 grammes fine). The Danish National Bank buys bars and German gold coins at 2480 kr. per kilog. fine lessp.c., sovereigns and napoleons at the same price less 3 per mille. The German rules apply with corrections for the charges deducted. The bullion weight at the Mint is the gramme (formerly the Danish-Cologne mark). 1 krone is taken as equal to the old regsdaler of 96 skillinger. gr. oz. f. 1 = 31·10349552 grammes fine. f. 1000 2480 kronas. = COPENHAGEN COURSE. 333 Exchanges and Bills. The Scandinavian law of 1880 on bills of exchange abolished the 8 days of grace before existing in Denmark. Protest for non-payment must be made the second. working day after maturity. The legal commission isp.c. for each indorsement, but the total commission must not exceed 2 p.c. Sight bills must be presented within 6 mos. when drawn in Europe, within one year when drawn out of Europe. Bills due on Sunday or a Holiday are payable the day after. Bills are stamped thus:-on bills not exceeding 8 days' sight or 14 days' date, 20 ore: on all others up to kr. 1000, 20 vere: 1000-2000, 35: 2000-4000, 70: 4000--6000, 1 kr.: above, every 6000 additional to the above, 1 kr. (e.g. 14000 = 235). (1) £584. 9s. 73d., at mos. 18:34, 3 mos. 18.12. Discount, 2 p.c., 31 p.c. (2) £312. 58. 63d., at 3 mos. 18·191. Discount, 2 p.c. (4) Kr. 10,000, at 3 mos. 18:33, 3 mos. 18·14. Discount, 2 p.c., 21p.c. |