Tools: Ship economics - Revision history

ColinGreenstreet: /* Riskiness of returns */

2015-07-14T08:00:36Z

‎Riskiness of returns

ColinGreenstreet: /* Bottomry bonds */

2015-06-29T14:40:46Z

‎Bottomry bonds

ColinGreenstreet: /* Bottomry bonds */

2015-06-29T14:40:08Z

‎Bottomry bonds

ColinGreenstreet: /* Bottomry bonds */

2015-06-29T14:34:03Z

‎Bottomry bonds

ColinGreenstreet: /* Bottomry bonds */

2015-06-29T14:33:21Z

‎Bottomry bonds

ColinGreenstreet: /* Bottomry bonds */

2015-06-29T14:26:38Z

‎Bottomry bonds

ColinGreenstreet: /* Bottomry bonds */

2015-06-29T14:26:15Z

‎Bottomry bonds

ColinGreenstreet: /* Bottomry bonds */

2015-06-29T14:24:21Z

‎Bottomry bonds

ColinGreenstreet: /* Bottomry bonds */

2015-06-29T14:22:31Z

‎Bottomry bonds

ColinGreenstreet: /* Bottomry bonds */

2015-06-29T14:19:53Z

‎Bottomry bonds

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 * Opportunity cost?
 * Portfolio thinking?
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 ====Suggested reading====

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 '''Late 1655''': Bottomry bond for £100 provided by Alderman William and Maurice Thompson before the departure in late 1655 of the ship the ''Lyon and Providence'' for the East Indies via Guinea, and to return to London bia Danzig "for which they were to have and receive upon her retourne to London one hundred and fourtie pounds". The sum was utterly lost as a result of the seizure of the ship by the Dutch.<ref>[[HCA 13/71 f.617r Annotate|HCA 13/71 f.617r]]</ref>
 '''Nov 22nd 1655 or 1656''': Bottomry bond for £300 dated Nov 22nd 1655 (or 1656): Henry Potts of Newcastle (Master: The ''Hopewell'', formerly the ''Gilly flower'') and John Carter bound to James Nutall. No details of interest rate. Ship was bound on voyage from Newcastle to London and back to Newcastle in November 1655 (or 1656) and lacked provisions, tackle, furniture, materials and stock to proceed on its voyage. <ref>[[HCA 13/73 f.91v Annotate|HCA 13/73 f.91v]]; [[HCA 13/73 f.96v Annotate|HCA 13/73 f.96v]]</ref>
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 '''Ca. May 1659''': Bottomry bond "at the rate of twenty per cent" taken up by an Edward Lemmon at Elsenore on the ship the ''Redd Rose'' in circa May 1659. Lemmon was one of the owners of the ship.<ref>[[HCA 13/73 f.432r Annotate|HCA 13/73 f.432r]]</ref> A passenger claimed that Edward Lemmon took up moneys at bottomry at both Embden and Elsenore for want of his bills of exchange, which had been seized from him, and that "for the necessary use of his sayd shipp take up much money at bottomrie at deere rates.<ref>[[HCA 13/73 f.436r Annotate|HCA 13/73 f.436r]]</ref>

← Older revision		Revision as of 14:40, June 29, 2015
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	'''Ca. May 1659''': Bottomry bond "at the rate of twenty per cent" taken up by an Edward Lemmon at Elsenore on the ship the ''Redd Rose'' in circa May 1659. Lemmon was one of the owners of the ship.<ref>[[HCA 13/73 f.432r Annotate\|HCA 13/73 f.432r]]</ref> A passenger claimed that Edward Lemmon took up moneys at bottomry at both Embden and Elsenore for want of his bills of exchange, which had been seized from him, and that "for the necessary use of his sayd shipp take up much money at bottomrie at deere rates.<ref>[[HCA 13/73 f.436r Annotate\|HCA 13/73 f.436r]]</ref>		'''Ca. May 1659''': Bottomry bond "at the rate of twenty per cent" taken up by an Edward Lemmon at Elsenore on the ship the ''Redd Rose'' in circa May 1659. Lemmon was one of the owners of the ship.<ref>[[HCA 13/73 f.432r Annotate\|HCA 13/73 f.432r]]</ref> A passenger claimed that Edward Lemmon took up moneys at bottomry at both Embden and Elsenore for want of his bills of exchange, which had been seized from him, and that "for the necessary use of his sayd shipp take up much money at bottomrie at deere rates.<ref>[[HCA 13/73 f.436r Annotate\|HCA 13/73 f.436r]]</ref>
		+
		+	'''Late 1655''': Sum of one thousand pieces of eight lent by Thomas Martyn, a 30 year old Irish born London merchant "upon bottomerie or grosse adventure" to Claus Johnson at request of Barent Claeson (brother to Claus Johnson). The money was lent at Madrid to enable Claus Johnson to purchase a ship from Vice Admiral de Ruiter, which had been taken prize from the Turks, the said Claus Johnson "not having money enough to pay for her and some goods which were bought there to be laden aboard her for the owners account"<ref>[[HCA 13/72 f.348v Annotate\|HCA 13/72 f.348v]]</ref>

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 '''Feb 1651''': Bottomry bond made circa February 1651 for the ship the ''Expectation'' (Master: Thomas Newman), which lay at the port of Messina between November 1650 and February 1651 and lacked sufficient money for diverse repairs to her hull, tackle, apparell and furniture, and to purchase victuals and provisions for her company, as well as to pay the ship's company's wages ad other debts owing by the ship. The ship's master, Thomas Newman, and her purser, Thomas Ayres, borrowed 800 dollars (or pieces of eight) against a bottomry bond from the merchant Edward Beale, who was resident at Messina. The interest rate was not known to Admiralty Court witnesses, but the bond was witnessed in Messina by Paschall Russa a notary public, and the bond appears to have been repayable in London aupon the arrival of the ship the ''Expectation''.<ref>[[HCA 13/68 f.4r Annotate|HCA 13/68 f.4r]]</ref>
-'''Late 1655''': Bottomry bond for £100 provided by Alderman William and Maurice Thompson before the departure in late 1655 of the ship the ''Lyon and Providence'' for the East Indies via Guinea, and to return to London bia Danzig "for which they were to have and receive upon her retourne to London one hundred and fourtie pounds!. The sum was utterly lost as a result of the seizure of the ship by the Dutch.<ref>[[HCA 13/71 f.617r Annotate|HCA 13/71 f.617r]]</ref>
+'''Late 1655''': Bottomry bond for £100 provided by Alderman William and Maurice Thompson before the departure in late 1655 of the ship the ''Lyon and Providence'' for the East Indies via Guinea, and to return to London bia Danzig "for which they were to have and receive upon her retourne to London one hundred and fourtie pounds". The sum was utterly lost as a result of the seizure of the ship by the Dutch.<ref>[[HCA 13/71 f.617r Annotate|HCA 13/71 f.617r]]</ref>
 '''Nov 22nd 1655 or 1656''': Bottomry bond for £300 dated Nov 22nd 1655 (or 1656): Henry Potts of Newcastle (Master: The ''Hopewell'', formerly the ''Gilly flower'') and John Carter bound to James Nutall. No details of interest rate. Ship was bound on voyage from Newcastle to London and back to Newcastle in November 1655 (or 1656) and lacked provisions, tackle, furniture, materials and stock to proceed on its voyage. <ref>[[HCA 13/73 f.91v Annotate|HCA 13/73 f.91v]]; [[HCA 13/73 f.96v Annotate|HCA 13/73 f.96v]]</ref>

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 ====Bottomry bonds====
-Bottomry bond made circa February 1651 for the ship the ''Expectation'' (Master: Thomas Newman), which lay at the port of Messina between November 1650 and February 1651 and lacked sufficient money for diverse repairs to her hull, tackle, apparell and furniture, and to purchase victuals and provisions for her company, as well as to pay the ship's company's wages ad other debts owing by the ship. The ship's master, Thomas Newman, and her purser, Thomas Ayres, borrowed 800 dollars (or pieces of eight) against a bottomry bond from the merchant Edward Beale, who was resident at Messina. The interest rate was not known to Admiralty Court witnesses, but the bond was witnessed in Messina by Paschall Russa a notary public, and the bond appears to have been repayable in London aupon the arrival of the ship the ''Expectation''.<ref>[[HCA 13/68 f.4r Annotate|HCA 13/68 f.4r]]</ref>
+'''Feb 1651''': Bottomry bond made circa February 1651 for the ship the ''Expectation'' (Master: Thomas Newman), which lay at the port of Messina between November 1650 and February 1651 and lacked sufficient money for diverse repairs to her hull, tackle, apparell and furniture, and to purchase victuals and provisions for her company, as well as to pay the ship's company's wages ad other debts owing by the ship. The ship's master, Thomas Newman, and her purser, Thomas Ayres, borrowed 800 dollars (or pieces of eight) against a bottomry bond from the merchant Edward Beale, who was resident at Messina. The interest rate was not known to Admiralty Court witnesses, but the bond was witnessed in Messina by Paschall Russa a notary public, and the bond appears to have been repayable in London aupon the arrival of the ship the ''Expectation''.<ref>[[HCA 13/68 f.4r Annotate|HCA 13/68 f.4r]]</ref>
-Bottomry bond for £300 dated Nov 22nd 1655 (or 1656): Henry Potts of Newcastle (Master: The ''Hopewell'', formerly the ''Gilly flower'') and John Carter bound to James Nutall. No details of interest rate. Ship was bound on voyage from Newcastle to London and back to Newcastle in November 1655 (or 1656) and lacked provisions, tackle, furniture, materials and stock to proceed on its voyage. <ref>[[HCA 13/73 f.91v Annotate|HCA 13/73 f.91v]]; [[HCA 13/73 f.96v Annotate|HCA 13/73 f.96v]]</ref>
+'''Late 1655''': Bottomry bond for £100 provided by Alderman William and Maurice Thompson before the departure in late 1655 of the ship the ''Lyon and Providence'' for the East Indies via Guinea, and to return to London bia Danzig "for which they were to have and receive upon her retourne to London one hundred and fourtie pounds!. The sum was utterly lost as a result of the seizure of the ship by the Dutch.<ref>[[HCA 13/71 f.617r Annotate|HCA 13/71 f.617r]]</ref>
 ----

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 Bottomry bond for 1100 guilders (circa Sep 1658) lent by a Mr Demetrius the factor or agent for James Drawater, Demetrius being also freighter of the ship the ''Saint Anne'' (Master: Hendrick Johnson), which was bound from Amsterdam to Cadiz. The money was needed due to the great delay of the ship at Amsterdam due to foul weather and ice. Money was repayable on the return of the ship from Cadiz to Amsterdam. Interest amounted to 2200 guilders or £220. Ship was arrested on its return at suit of Mr Drawater to enforce payment of the interest.<ref>[[HCA 13/73 f.202Av Annotate|HCA 13/73 f.202Av]]</ref>
-Bottomry bond "at the rate of twenty per cent" taken up by an Edward Lemmon at Elsenore on the ship the ''Redd Rose'' in circa May 1659. Lemmon was one of the owners of the ship.<ref>[[HCA 13/73 f.432r Annotate|HCA 13/73 f.432r]]</ref> A passenger claimed that Edward Lemmon took up moneys at bottomry at both Embden and Elsenore for want of his bills of exchange, which had been seized from him, and that "for the necessary use of his sayd shipp take up much money at vottomrie at deere rates.<ref>[[HCA 13/73 f.436r Annotate|HCA 13/73 f.436r]]</ref>
+Bottomry bond "at the rate of twenty per cent" taken up by an Edward Lemmon at Elsenore on the ship the ''Redd Rose'' in circa May 1659. Lemmon was one of the owners of the ship.<ref>[[HCA 13/73 f.432r Annotate|HCA 13/73 f.432r]]</ref> A passenger claimed that Edward Lemmon took up moneys at bottomry at both Embden and Elsenore for want of his bills of exchange, which had been seized from him, and that "for the necessary use of his sayd shipp take up much money at bottomrie at deere rates.<ref>[[HCA 13/73 f.436r Annotate|HCA 13/73 f.436r]]</ref>
 ----

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 Bottomry bond for £300 dated Nov 22nd 1655 (or 1656): Henry Potts of Newcastle (Master: The ''Hopewell'', formerly the ''Gilly flower'')and John Carter bound to James Nutall. No details of interest rate. Ship was bound on voyage from Newcastle to London and back to Newcastle in November 1655 (or 1656) and lacked provisions, tackle, furniture, materials and stock to proceed on its voyage. <ref>[[HCA 13/73 f.91v Annotate|HCA 13/73 f.91v]]; [[HCA 13/73 f.96v Annotate|HCA 13/73 f.96v]]</ref>
-Bottomry bond for 1100 guilders (circa 1Sep 1658) lent by a Mr Demetrius the factor or agent for James Drawater, Demetrius being also freighter of the ship the ''Saint Anne'' (Master: Hendrick Johnson), which was bound from Amsterdam to Cadiz. The money was needed due to the great delay of the ship at Amsterdam due to foul weather and ice. Money was repayable on the return of the ship from Cadiz to Amsterdam. Interest amounted to 2200 guilders or £220. Ship was arrested on its return at suit of Mr Drawater to enforce payment of the interest.<ref>[[HCA 13/73 f.202Av Annotate|HCA 13/73 f.202Av]]</ref>
+Bottomry bond for 1100 guilders (circa Sep 1658) lent by a Mr Demetrius the factor or agent for James Drawater, Demetrius being also freighter of the ship the ''Saint Anne'' (Master: Hendrick Johnson), which was bound from Amsterdam to Cadiz. The money was needed due to the great delay of the ship at Amsterdam due to foul weather and ice. Money was repayable on the return of the ship from Cadiz to Amsterdam. Interest amounted to 2200 guilders or £220. Ship was arrested on its return at suit of Mr Drawater to enforce payment of the interest.<ref>[[HCA 13/73 f.202Av Annotate|HCA 13/73 f.202Av]]</ref>
 Bottomry bond "at the rate of twenty per cent" taken up by an Edward Lemmon at Elsenore on the ship the ''Redd Rose'' in circa May 1659. Lemmon was one of the owners of the ship.<ref>[[HCA 13/73 f.432r Annotate|HCA 13/73 f.432r]]</ref> A passenger claimed that Edward Lemmon took up moneys at bottomry at both Embden and Elsenore for want of his bills of exchange, which had been seized from him, and that "for the necessary use of his sayd shipp take up much money at vottomrie at deere rates.<ref>[[HCA 13/73 f.436r Annotate|HCA 13/73 f.436r]]</ref>