DOI Page / Citation link:
https://doi.org/10.11588/diglit.57079#0135
THE LEVANT COMPANY 119
was feared that if the company persisted in
paying only the prices sixed by the Act, the
Dutch traders and others—the competing
tradesmen—would buy up all the currants at
a higher price. On the other hand it was
feared that if the price was left quite unfet-
tered, the factors would out-bid each other,
and in consequence, the price might rise to
even 40 ducats.22 It was therefore decided
to continue the Act which fixed the buying
price of currants, but not to stand too closely
by it. Moreover, for that year (1630) the
price should remain 20 ducats,23 provided there
were great quantities of the currants and that
the quality was not specially good. But if
they were good and the quantity small, then
the factors might pay more, but never more
than 25 ducats.23 In every case, however,
they were to pay 2 ducats less for the cur-
rants of Cephalonia than for those of Zant.
In the same month 24 the whole question was
22 Here ducats are spoken os ; in the Minute of the
year 1628 (on previous page) dollars was term used.
But it would appear that the two were used as inter-
changeable terms.
23 See above note (22). 24 Min. July 29, 1630.
was feared that if the company persisted in
paying only the prices sixed by the Act, the
Dutch traders and others—the competing
tradesmen—would buy up all the currants at
a higher price. On the other hand it was
feared that if the price was left quite unfet-
tered, the factors would out-bid each other,
and in consequence, the price might rise to
even 40 ducats.22 It was therefore decided
to continue the Act which fixed the buying
price of currants, but not to stand too closely
by it. Moreover, for that year (1630) the
price should remain 20 ducats,23 provided there
were great quantities of the currants and that
the quality was not specially good. But if
they were good and the quantity small, then
the factors might pay more, but never more
than 25 ducats.23 In every case, however,
they were to pay 2 ducats less for the cur-
rants of Cephalonia than for those of Zant.
In the same month 24 the whole question was
22 Here ducats are spoken os ; in the Minute of the
year 1628 (on previous page) dollars was term used.
But it would appear that the two were used as inter-
changeable terms.
23 See above note (22). 24 Min. July 29, 1630.