House, 17th July, 1773.

TO BROOK WATSON,
JONATHAN CLARKE,
FREDE'K PIGOU, Junr.,
GILBERT BARKLEY,
GEORGE BROWNE,
ROBERTS, BAYNES & ROBERTS,
MR. BERTHON,
WILLIAM KELLY,
GREENWOOD & HIGGINSON,
SAMUEL WHARTON,
JNO. BLACKBURN,
BENJN. HARRISON,
WALTER MANSELL,
JOHN NUTT,
DAVISON & NEWMAN,
BORDIEU & CHOLLETT,
GALE, FEARON & CO.

Gentlemen:

In consequence of my conversation this day, with the gentlemen of the
Committee of Warehouses, relative to the rate of exchange from Boston, I
beg leave to confirm the offer I made, of abiding by the standard
exchange of L133 6s. 8d. currency for L100 sterling, upon an allowance
of 2-1/2 pr cent., with the proviso of the intended exportation being
made by way of experiment, that is not exceeding 500 chests to Boston,
before the success thereof is known.

I am, gentlemen,
Your h'ble serv't,
WM. PALMER.

Devonshire Square, 22 July, 1773.

To the Hon'ble the Court of Directors, &c.

* * * * *

Sirs:

It is so perfectly contrary to all mercantile usage, to fix a certain
rate of exchange for commission business, that we must beg leave to
decline making any further proposals for your intended consignments to
New York and Carolina, because the revolutions in all exchanges cannot
be foreseen. We have known the New York exchange at 168 & 190, at
present it is 177-1/2, the par between Philadelphia and New York is, as
160 at the former, to 170-2/3 at the latter.

If you should hereafter adopt the regular and usual mercantile form--of
receiving your remittances at the current exchange of the place at the
time of remitting, we shall be obliged to you for your consignments to
Messrs. Hugh and Alexander Wallace, of New York, and Samuel Chollett, of
Charlestown, South Carolina, for whom we will become security for the
usual commission of guarantee of 2-1/2 pr cent.

We are, sirs,
Your most obd^t h'ble serv^ts
BOURDIEU & CHOLLET.

Lime Street, July 23^rd 1773.

* * * * *

Sir:

The Committee of Warehouses of the East India Company desire you will
meet them at this house tomorrow morning, at eleven o'clock, r