Letters of David Ricardo to Thomas Robert Malthus, 1810-1823

David Ricardo · 1810-1823 (letters within the correspondence) primary

passage 28 of 172 · book to convince' them, namely his 'Thoughts and Details on the High (2/68)

↪ you wandered here via “par of exchange computation” — the connecting lines are tinted below

in brief

Ricardo’s table outlines how the London bullion par for gold (and the agio) translates into equivalent values in Flemish current shillings and Flemish Banco shillings.

silver in London. 5: Value of an oz. of standard gold in Flemish current shillings. 6: Value of an oz. of standard gold in Flemish Banco shillings. Agio 3 p.c.

+--------------+----------+-------------+---------+----------+-------+ | 1 | 2 | 3[57] | 4 | 5 | 6[58] | +--------------+----------+-------------+---------+----------+-------+ | | |£ s. d. | | | | | Par f. 355 |f 355 | | 68·00 | 137 | 133 | | | | | pence | | | | 1 p.c. prem. | 358·55| | 67·32 | 138·4 | 134·3 | | 2 " | 362·10| | 66·67 | 139·8 | 135·7 | | 3 " | 365·65| | 66·02 | 141·3 | 137·2 | | 4 " | 369·20| | 65·38 | 142·5 | 138·6 | | 5 " | 372·75| | 64·76 | 143·9 | 139·8 | | 6 " | 376·30| | 64·15 | 145·3 | 141·1 | | 7 " | 379·85| | 63·55 | 146·6 | 142·5 | | 8 " | 383·40| | 62·96 | 148 | 143·9 | | 9 " | 386·95| | 62·39 | 149·3 | 145·3 | | | 389·37|3 17 10-1/2 | 62 | 150·3 | 146·0 | |10 " | 390·50|3 18 1 | | 150·7 | 146·3 | |11 " | 394·05|3 18 10 | | 152·1 | 147·6 | |12 " | 397·60|3 19 6-1/2 | | 153·5 | 149·0 | |13 " | 401·15|4 0 3 | | 154·8 | 150·3 | |14 " | 404·70|4 0 11-1/2 | | 156·2 | 151·7 | |15 " | 408·25|4 1 8 | | 157·5 | 152·9 | |16 " | 411·80|4 2 4-1/2 | | 158·9 | 154·3 | |17 " | 415·35|4 3 0-1/2 | | 160·3 | 155·6 | |18 " | 418·90|4 3 9 | | 161·7 | 157·0 | |19 " | 422·45|4 4 5-1/2 | | 163·1 | 158·3 | |20 " | 426 |4 5 2 | | 164·5 | 159·6 | |21 " | 429·55|4 5 10-1/2 | | 165·8 | 161·0 | +--------------+----------+-------------+---------+----------+-------+

Table Key

7: Real par of exchange in Flemish current shillings per £ sterling in gold. 8: Real par of exchange in Flemish Banco shillings per £ sterling in gold. Agio 3 p.c. 9: When the price of gold in London in bank notes is 10: The bullion par must be multiplied by 11: Price of standard silver in London in bank notes per oz. 12: Par of exchange with Amsterdam in Banco. Agio 3 p.c.

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topics: money, coin, and credit · value, price, and exchange

Letters of David Ricardo to Thomas Robert Malthus, 1810-1823 · David Ricardo · 1810–1823