This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1821 edition. Excerpt: ...EXAMPLES 0F ADJUSTED AVERAGES. 1. A loaded ship met with such bad weather, that the master and mariners found it impossible to save her, without throwing part of her cargo overboard. which they are authorised to do for preservation. Being thus necessitated, they threw such goods as lay nearest at hand, and lightened the ship of 10 casks of hardware, and 40 pipes of Madeira wine; which they judged sufficient to keep her from sinking. Soon after that, the ship arrived at her destined port, and then an average bill was immediately made, in order to adjust the loss, and to pay the proprietors of those goods, which were thrown overboard for the good of the whole. Average accrued to ship Seahorse, for goods thrown overboard, for preservation of ship, freight, and cargo. Ship valued at-814000. Freight (wages and victuals deducted) 3000. Andrew Jones's value of goods,-5000. Philip Mayers's value of goods,-2700. Robert Johnston's value of goods,-8300. Joseph Baumgarden for 40 pipes of wine, 4000. Daniel Duffy for 10 casks of hardware, 5000. 42000 Mr. Joseph Baumgarden's wine thrown overboard, valued at S54000.1 q0oo. Daniel Duffy's hardware, 5000. J Now let 9000x100=213 per cent. 42000 The ship must pay to Joseph Baumgarden and Daniel Duffy, for 814000 at 21 T Per cent,83000. The freight 83000 at the same rate, 642.85-f Andrew Jones for 35000 at same, 1071.424Philip Mayer for 82700 at same, 578.57$ Robert Johnston for 88300 at same rate, 1778-57, J. B. & D. D. receive of the owners of? 7071 43 s the goods saved and the ship's owners 3 ' T Their property being insured, the under-").Ooo „cl writers pay them J 1928-56t 9000, The ship Seahorse, captain Dix, laden with hemp, cordage, and iron, bound from Riga to Boston, ran on shore,...
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