The British Press; or, Morning Literary Advertiser.
London, England, 1810-08-16 00:00:00

MILLION CO }rill !TEE.

REPORT, TOGETHER WTI MINUTES OF RVIDUCCE,
AND ACCOUNTS, rafts( THE SELECT COMMITTER
UN THE HIGH PRICE 0? (.OLD BULLION.

[Continued front oar Palter of yeetcp!q!,

That the real Exchange azoinat this country
with the continent cannot at toy time have mute,.
Tidily exceeded the heart fixed LI air toot et that
time of transporting specie. your Couittefiitese are
convinced. upon the principles which have tens ala
ready stated. That •to point of fact. thole- Ex-
change, hare not exceeded that limit, seems to re-
ceive a very satisfactory illes,tratioa from one pair
of the evidence of Mr. Gretfullse. who, of all the
merchants examitied, seemed moot witted to the
opinion. that the state of the balance of pay meats
atone was sufficient to stemma fur otoy depression
of the Exchseigeo, however great. From what the
Counnittee hove already netted with respect to the
par of Exchange, it ea muralist th.it the Ex-
change between two c.onstries is et its reef per,
when • giveo quantity of gold or niter in the one
country is convertible at the market price nits such
an amount of the curreocy of that country. as will
purchase a Bill of Exchange ou the other country
for such au arnoutet of the currency of that other
country. as a ill there lie coniertible at the market
price into an epal quantity of gold ur silver of the
Atonic fineness. In the same mangier the real Ex-
' change is im favour of a country, bowing mosey
transactions with another. when a given (politely of
gold or silver in the former convertible for such
an eirinUill in the currency of then latter couutry, us
will tlitre be convertible 'tit greeter quantity of
gold or silver of the ait, hem.
Upon these prauciplec your Committee desired
Mr. Greffullie to make cert..in colcuLations, which
appear in his Answers to the following questdous;
Supposiog you had a pound w.dght troy of
gold of the English standard at Paris, sod that you
wished by means of that to peucure a bid of ex.
cluing* open LelniOn. what would be the mnount
of the bill of exchange which you would procure
in the present circumstances ?—1 fiord that • pound
of gold of the British staudard at the present mar-
ket price of 105 francs. arid the exchange at 40
'lyres, would purcham a bill of exchange of
591.
" AL the present market price of gold in Lon-
don. how much standard gold can you I,ll,thalle
far ASO. Ra.?-4t the price Of 41. I hod it
will porelase.l3 ounces of gold, within a very
small fraction,
" Theo whoa is the difference per cent, in the
plaid'sy of muudard gold which es new:Aleut to
591. do. ofaur curlew:yes at Pans sail in London ?
—About se per cent,.
" Suppose pis lame a pound weight troy dour
standard gold at Manitiorgh, and that you wished
is part with it for a bill of exchaoge upon London,
what would be thy atooout of the Lill of exchange,
whole, in the present circuaustauces, you would
procure the-Witiburgh price of WI, .and the
exchange at t 2;), the ansOliNt of tire 101 l purchased
ou London tvuo:4l 15a531. as.
l• What quantity of our standard gold. at the
present price 0141. 12.. &you puritans.: for al. 4%.
2 prior:vs anti d dais.
" Thrn wi.at tr the Jitlifence, per cent. between
the garrulity of riteinlina 1101.1 et 11l übursph end iu
LOllOOll. which eoequivaleut to 401. 414 sh.chig
Abilit al per
" Suppose you hail a pound weight troy ofoor
at ohlord gold at Amsterdam, mid sisltc.t to part
with it for a F. II of exchatige bnido.i, what
would he the ainuuht sterling (tribe hill cresehaiiKe
which would prJerarr• ?—At the Ainstertairt
price of I.li, cxclion4 • :it. 6. and [Link egin 1 per
eent, the amount of the o• Loadou would he
581. 18a.

" At the present price of 41. 12a, what titomtity
of our standard geld do you purcli..e iu London
fur 59!. Is. sterling?-1z os. dwts.
" How much is that per et-m.l-7 per cent.
tiintilercalmilatinus, but made upon different a^.
seined data, will be Inund in the erideuce of Nit-.
A !mamma Goldman!. From these answers of dr.
Greffullie. it appear., that when the computed ex-
change with fimsburgh was yam. that is, from 16 in
17 in.r cent. below pm, the real difference of ex.
change. resultiugJeous the state of trade sod ba-
lance of payments was no more than Si per cent.
against this country; that when the computed cx•
change with Amsterdam war. 31. ti. that is, shout
IS per cent below p tr. the real exchange was no
more than 7 per cent. against this country: that.
when the compati d exchange with Paris awns YU,
that is 20 per cent. below par, the real exchange
was no more than ni per cent. against this country.
Alter malting those allowances, therefore, for the
Mint of the balance of trade and payments isoon
nor midranges with those places, there will still r..
main is fall of I I per cant. in the exchange with
Hwhibtergh, of above 8 per cent. in .the exchange
with Holland, mid of 114 per cent. be the eschauge
with PM if, to be explained in some other manner.
If the same mode of calculation be applied to the
mite recent statements of the exchange with the
Cnotinent. it will peThapt appear. that though the
eoinputect enzhatige is at present %plait this MIA.
try, the real exchaite,e is in its favour., • .
From the foreriai /mooing+ ,re:ative to :he