« AnteriorContinuar »
Easter Dues.-A clergyman can claim fourpence a head, but generally more is given.
On receiving a Cheque or Deed, acknowledge its receipt by return of post, specifying in your letter what it is that you have received.
Ground Rent, to Redeem.-Multiply the yearly rent by 30, for thirty years' purchase, add ten per cent.; you will then find out the sum. When the Funds are low, it is a good thing to redeem it, because you may pay in Consols instead of in
Thirty Years' Purchase.-In reckoning the value of land, people say "It is worth so many years' purchase." Thirty years' purchase is an average value. The meaning of the phrase is, that the price asked or obtained for the property, is thirty times its rental.
To find the Interest of a Sum of Money-for a year, multiply the principal (which is the money you have invested) by the rate per cent.; divide the product by 100; the quotient is the interest for one year.
Example. What is the interest of £425 for four years at five per cent. per annum ?
This, being divided by 100, is
£21 and £25; or 500 shillings
; or 5s.
Therefore, the interest for one year is
£ s. d.
4 (number of years).
£8500 interest for four years
at five per cent.
USEFUL BOOKS ON SPECIAL SUBJECTS.
LAW OF BANKING. By J. W. Smith, D.D. (Effingham Wilson). Price Is.
LAW OF BILLS, CHEQUES, NOTES, I. O. U. By J. W. Smith, D.D.
A HANDY GUIDE TO SAFE INVESTMENTS. By Gresham Omnium (Groombridge and Son). 2s. 6d.
PRACTICAL HINTS FOR INVESTING MONEY. By Francis Playford (Smith, Elder, and Co.).
WARD ON INVESTMENTS.
DOMESTIC SERVANTS. By Bailiss (Sampson Low and Son). IS.
EVERY MAN HIS OWN LAWYER (Lockwood and Co.). 6s. 8d.
LANDLORDS, TENANTS, AND LODGERS. By J. Bishop (Dean and Son). 6d.
READY RECKONER. By Masters (Routledge). IS.
TECHNICAL TERMS USED IN BUSINESS.
Accept. That is, what the Purchaser does, when he signs the Transfer which the Broker gives or sends.
Assets is the present money value of a man's property, in contradistinction to his Debts. If the assets exceed the debts, the man is solvent; otherwise, he is bankrupt.
Brokerage is a small percentage paid to Brokers for transacting money concerns. They are generally employed, as we have already stated, in buying or selling for others.-See pp. 57, 67.
Cent., for Centum, or 100.
Commission is a percentage paid to an Agent for selling or buying.
Consols, abbreviated for Consolidated Funds.
Coupons are Interest-warrants attached to Bonds. They are cut off and presented, as they fall due, to the appointed Banker or Agent. They require an adhesive draft-stamp at the back, across which the name of the person to whom the money is due, must be signed. See p. 73.
Cr. or "is Creditor for," means "is owed." In a Banker's account it is used to head the list of those sums which he has received for you, and which, therefore, "are owed" by him to you.
Dr. or "is Debtor for," means, on the other hand, "owes," and heads the list of those sums which your Banker has paid for you, and which,