The Principal Navigations, Voyages, Traffiques and Discoveries of the English Nation — Volume 09 eBook

This eBook from the Gutenberg Project consists of approximately 478 pages of information about The Principal Navigations, Voyages, Traffiques and Discoveries of the English Nation — Volume 09.

The Principal Navigations, Voyages, Traffiques and Discoveries of the English Nation — Volume 09 eBook

This eBook from the Gutenberg Project consists of approximately 478 pages of information about The Principal Navigations, Voyages, Traffiques and Discoveries of the English Nation — Volume 09.
on their wordes, and oftentimes the marchant knoweth not to whom he giueth his goods, yet he cannot lose anything thereby, for that the broker is bound in any wise to pay him, and if the marchant sel his goods without the consent of the broker, yet neuerthelesse he must pay him two per cento, and be in danger of his money:  [Sidenote:  A lawe for Bankrupts.] but this is very seldom seene, because the wife, children, and slaues of the debtor are bound to the creditor, and when his time is expired and paiment not made, the creditor may take the debtor and cary him home to his house, and shut him vp in a Magasin, whereby presently he hath his money, and not being able to pay the creditor, he may take the wife, children, and slaues of the debtor and sel them, for so is the lawe of that kingdome. [Sidenote:  Euery man may stampe what money he wil.] The currant money that is in this city, and throughout all this kingdom is called Gansa or Ganza, which is made of Copper and leade:  It is not the money of the king, but euery man may stamp it that wil, because it hath his iust partition or value:  but they make many of them false, by putting ouermuch lead into them, and those will not passe, neither will any take them.  With this money Ganza, you may buy golde or siluer, Rubies and Muske, and other things.  For there is no other money currant amongst them.  And Golde, siluer and other marchandize are at one time dearer than another, as all other things be.

This Ganza goeth by weight of Byze, and this name of Byza goeth for the accompt of the weight, and commonly a Byza of a Ganza is worth (after our accompt) halfe a ducat, litle more or lesse:  and albeit that Gold and siluer is more or lesse in price, yet the Byza neuer changeth:  euery Byza maketh a hundreth Ganza of weight, and so the number of the money is Byza. [Sidenote:  How a man may dispose himselfe for the trade in Pegu.] He that goeth to Pegu to buy Iewels, if he wil do well, it behoueth him to be a whole yere there to do his businesse.  For if so be that he would return with the ship he came in, he cannot do any thing so conueniently for the breuitie of the time, because that when they custome their goods in Pegu that come from S. Tome in their ships, it is as it were about Christmas:  and when they haue customed their goods, then must they sell them for their credits sake for a moneth or two:  and then at the beginning of March the ships depart.  The Marchants that come from S. Tome take for the paiment of their goods, gold and siluer, which is neuer wanting there. [Sidenote:  Good instructions.] And 8. or 10. daies before their departure they are all satisfied:  also they may haue Rubies in paiment, but they make no accompt of them:  and they that will winter there for another yere, it is needfull that they be aduertized, that in the sale of their goods, they specifie in their bargaine, the terme of two or 3. moneths paiment, and that their paiment shal be in so many Ganza, and neither golde nor siluer:  because

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The Principal Navigations, Voyages, Traffiques and Discoveries of the English Nation — Volume 09 from Project Gutenberg. Public domain.