We do not mean that nine pennies when added to eleven pennies produce a shilling and eight pennies.
Mr Ritchie's remission of the shilling import-duty on corn led to Mr Chamberlain's crusade in favour of tariff reform and colonial preference, and as the session proceeded the rift grew in the Unionist ranks.
12d shilling marked as a; there are 153 of these 20's, and 7 over.
The silver shilling was first struck in 1504, in the reign of Henry VII.
Shilling monthlies began with Macmillan (1859), the Cornhill (1860), first edited by Thackeray, and Temple Bar (1860).
Under the then existing telegraphic tariff the charge in Great Britain was a shilling for a twenty-word message over a distance not exceeding ioo miles; is.
In 1901, to aid in meeting the expenses of the South African war, a moderate revenue duty was again imposed on sugar; and in 1902 the shilling duty on corn and flour (abolished in 1869) was restored, but again taken off in 1903.
Originally scilling (" shilling ") and sceatt seem to have been the terms for gold and silver coins respectively.
It was, however, a variable unit, for the Kentish shilling contained twenty sceattas (pence), while the Mercian contained only four.
An inquirer who examines the stars with a shilling telescope is not likely to make observations of value, and even a trained astronomer has to allow for his "personal equation" - a point to which even a finished critic rarely attends.
They published paragraphs in the newspapers, articles in the magazines, sixpenny pamphlets, five-shilling books.
The coins chiefly in use were (i) copper cash, which were strung in hundreds on strings of straw, and, as about 911 weight was equal to one shilling, were excessively cumbrous, but were nevertheless valued at their face value; (ii) nickel coins, which, being profitable to mint, were issued in enormous quantities, quickly depreciated, and were moreover extensively forged.
Children are readily sold by their parents at a price varying from the equivalent of one shilling to one and sixpence.
Thus, if we take a shilling as a unit, we may divide it into 12 or 48 smaller units; but corresponding coins are not really portions of a shilling, but objects which help us in counting.
Rate in the shilling: Discount.
A shilling is token money merely, it is nominally in value the one-twentieth of a pound, but one troy pound of silver is coined into sixty-six shillings, the standard weight of each shilling being 87.27 grains.
Bolivar spent nine-tenths of a splendid patrimony in the service of his country; and although he had for a considerable period unlimited control over the revenues of three countries - Colombia, Peru and Bolivia - he died without a shilling of public money in his possession.
The customer cannot obtain current for electric lighting until he has placed in a slit a certain coin - say, a shilling - entitling him to a certain number of Board-of-Trade units - say, to 2 or 4, as the case may be.
The unit is the mark (I shilling)the tenth part of the imperial gold coin (Krone=crown), of which last 139& are struck from a pound of pure gold.
All advances were lodged by him in the Bank of England until required, and all subsidies were paid over without deduction, even though it was pressed upon him, so that he did not draw a shilling from his office beyond the salary legally attaching to it.
No doubt, in theory, this duty, being levied on the import only and not on the home production of corn, took from the tax-payer a shilling on every quarter of grain produced at home which did not go into the exchequer.
Thus twelve pennies make a shilling, and twenty shillings a pound, while the penny is itself divided into four farthings (or 8 I 2 3 no settled of symbols ..
If, on the other hand, we have a sum of 5s., and treat a shilling as being equivalent to twelve pence, the 5s.
In the budget of 1902 a duty of a shilling a quarter on imported corn had been reintroduced.
As the cost of dealing in " futures " is only one shilling on each transaction for a member of the Cotton Exchange (the outsider is charged in addition a commission by his broker), it is not surprising that the transactions taking place in " futures " number legion.
The following is a fairly typical statement of the budget estimates (1902-1903), in marks (=1 shilling sterling) Receipts.
If after the deposition of the drop, a little lycopodium be scattered over the surface, it is seen that a circular space surrounding the drop, of about the size of a shilling, remains bare, and this, however often the dusting be repeated, so long as any of the carbon bisulphide remains.
Some English applications of free trade theory in recent times in the matter of import duties have been pedantic - the abolition of the shilling corn duty in 1869 by Robert Lowe (Lord Sherbrooke) being typical of this pedantry, though it is not the only instance.
Per contra the tax was wholly unfelt, a shilling a quarter only affecting an average family of four persons to the extent of three shillings per annum, or about three farthings a week, while it was paid little by little, as Adam Smith explains with regard to indirect taxes in general.
Tradesmen allow discount for ready money, this being usually at so much in the shilling or £.
It was actually provoked by the unwise and unjust poll-tax of one shilling a head on all adult persons, voted by the parliament of Northampton in November 1380.
A certain increase of the income tax to a shilling seemed a much more serious calamity than the uncertain prospect of a possible invasion.
The sheep was valued at a shilling in both Wessex and Mercia, from early times till the i ith century.
Lowe was a rather cut-anddry economist, who prided himself that during his four years of office he took twelve millions off taxation; but later opinion has hardly accepted his removal of the shilling registration duty on corn (1869) as good statesmanship, and his failures are remembered rather than his successes.