On Political Economy in Connexion With the Moral State And Moral Prospects of S
On Political Economy in Connexion With the Moral State And Moral Prospects of S
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In our eReader you can find the full English version of the book. Read On Political Economy in Connexion With the Moral State And Moral Prospects of S Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book On Political Economy in Connexion With the Moral State And Moral Prospects of S
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The matter is adjusted in this way ; and the description applies generally to the inter- changes of foreign trade. The importers of hard- ware into Portugal pay their debt, not to the ex- porters of the hardware in this country ; but they pay it to the exporters of wine in Portugal, and receive in return for their payment an order on the importers of wine in Britain. This order they remit to the exporters of hardware in Britain, who, on presenting it to the importers of wine, there receive paym...ent. Generally speaking then, the adjustment takes, place by bills of exchange, which have the effect of making over the debtors FOREIGN TRADE. 179 in Portugal, not to their creditors in Britain, but to the creditors in Portugal ; and the debtors in Britain, not to their creditors in Portugal, but to their creditors in Britain. The parties thus brought into relation, may be alike unknowing and unknown to each other; transacting, as they do, through the medium of the bill-broker, who alone comes into contact with both.
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To quickly assess the difficulty of the text, read a short excerpt:
The matter is adjusted in this way ; and the description applies generally to the inter- changes of foreign trade. The importers of hard- ware into Portugal pay their debt, not to the ex- porters of the hardware in this country ; but they pay it to the exporters of wine in Portugal, and receive in return for their payment an order on the importers of wine in Britain. This order they remit to the exporters of hardware in Britain, who, on presenting it to the importers of wine, there receive paym...ent. Generally speaking then, the adjustment takes, place by bills of exchange, which have the effect of making over the debtors FOREIGN TRADE. 179 in Portugal, not to their creditors in Britain, but to the creditors in Portugal ; and the debtors in Britain, not to their creditors in Portugal, but to their creditors in Britain. The parties thus brought into relation, may be alike unknowing and unknown to each other; transacting, as they do, through the medium of the bill-broker, who alone comes into contact with both.
What to read after On Political Economy in Connexion With the Moral State And Moral Prospects of S?
You can find similar books in the "Read Also" column, or choose other free books by Chalmers, Thomas, 1780-1847 to read onlineMoreLess
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