Ship economics
Ship economics
Editorial history
27/11/12: CSG, created page
Contents
Capital costs
Hull
Tackle
- ? Cables
- Anchors
Furniture
- Wooden items
- ? Metal items
Apparell
- Sails
- ?Rigging
Operating costs
Wages
- Manning levels per ton of ship's burthen?
- Wages per month?
- Months per voyage?
- Time in half pay vs time in full pay?
Charges
Excise
Customs
Extraordinary charges
Payment of Indulto to trade in Canarie Islands during times of war
The payment of indulto could amount to a very substantial amount per ship and per tunn of freight, and would have had a significant effect on the economics of a voyage.
Thomas Burridge was forced to agree the payment of three hundred pounds sterling in Indulto to be granted libertie to trade in the Canary islands.
- "16. To the second and third árticles hee saith and deposeth that upon the said
17. shipps arrivall the said voyage at the Canaries (in or about October last)
18. there being disagreement betweene England and Spaine, noe English shipps
19. were permitted to trade at the Canaries, unless the Governor were paid
20. a summe of money (as they could agree with him) there called Indulto
21. money; and saith the said Thomas Burridge being ˹then˺ there,
22. was necessitated to agree with the said Governour, before hee could get
23. libertie of trade for the said shipp, and to pay him (for such his indulto
24. or leave) and his officers, the summe of three hundred pounds sterling, namely
25. soe much in Spanish money as amounted to three hundred pounds sterling
26. and upwards, and this hee saith was and is publique and notorious
27. and further that upon payment of the said summe and not before the
28. said shipp the Martin was permitted to trade, and then and not
29. before the said Thomas Burridge began and preceeded to send wines
30. aboard her, which hee knoweth because hee this deponent was then there
31. with like imployment for the Elizabeth of London, and paid a greater
32. summe for Indulto for her, and was specially acquainted with the said
33. mr Burridge his proceedings, and hee with this deponents, they
34. assisting each other."
- HCA 13/71 f.281r Case: Travers against Burridge and others; Deposition: 2. William Clapham of London Merchant aged 29 ; Date: 07/07/1656. Transcribed by Alex Jackson[1]
Revenue
Freight charges
Freight charges were specific to commodities and routes travelled
- "8. To the 8th hee saith hee useth not any trade by way of Merchandizeing
9. either to ffrance or any other parts nor knoweth the freight usually paid
10. for carrying a hogshead of Copperis from England to ffrance/"
- HCA 13/71 f.266r Case: Tether against Bryan "Examined upon the allegation on behalfe of the sayd Bryan"); Deposition: 4. William Euans of Newcastle upon Tine in the County of Northumberland Mariner Carpenter of the shipp the Julian aged sixtie yeares and upwards (The marke of the sayd William Evans at the end of the deposition) ; Date: XXXX. Transcribed by 26/06/1656[2]
Charges for passengers were high relative to charges for freight
On the London to Barbados route, the usual rate for a passenger was six pounds sterling per person, compared with three pounds sterling per tonne for wine to be transported from the Canaries to Barbados.
- "9. Henry Chambers of London Marchant, aged 26
10. yeeres or thereabouts sworne and exámined .
11. To the first article of the said allegation hee saith that hee this deponent
12. being a Marchant, ymployed often in shipping and sending passengers
13. and goods for the Barbados from England, well knoweth that the
14. usuall rate of and for transportation and passage of a
15. servant from England to the Barbados is six pounds sterling,
16. and as this deponent hath bin informed by other merchants therein
17. experienced the freight or transportation of wines from the
18. Canaries to the Barbadas is worth three pounds per tonne at the
19. ordinary rate, and of tobaccoes from the Barbadas to the
20. coast of Barbary three halfe pense or five farthings per
21. pound as the usuall rate, And otherwise hee cannot depose.,
22. To XX saving that this deponent hath seene the account
23. that was made up for the said ˹voyage in question˺, wherein mention is made
24. of 93li Roles of tobacco laden by Captaine Peter Mitchell master
25. of the little Mary at the Barbadas to be carried to the coast
26. of Barbary, and saith that any Roll of Barbadas
27. tobaccoes usually weighs from sixtie to eightie pounds
28. weight."
- HCA 13/71 f.280r Case: On the behalfe of the foresaid Turner and Company touching the Elizabeth ketch; Deposition: XXXX; Date: 3. Henry Chambers of London Marchant, aged 26 (Signature of "Henry Chambers" at end of deposition) . Transcribed by 04/07/1656 ("same day")[3]
Perceived risk
Targeted returns
"Double your money"
XXXX
- "13. Marie Hodgkins servant to ffrancis Rolls
14. Esquire, in the Old Jury London, aged about 20
15. yeeres or thereabouts sworne and Examined. saith as followeth
16. To the first article of the said Allegation Shee saith and Deposeth that at
17. such tyme as this day the arlate ˹Paratt and Turley˺ did make an agreement with the
18. arlate Cutberd to proceede Master upon the voyage in question shee this
19. deponent was a servant in howse to the sayd Parratt and thereby came to
20. heare the conferense betweene the sayd Parratt and Turley, and the sayd Cutberd
21. about his being hyred to goe the sayd voyage and saith shee well remembreth
22. that the sayd Parratt and Turley were unwilling to adventure upon the
23. designe of the sayd voyage and that the sayd Cutberd did earnestly perswade
24. them to undertake the same and tould them that they might if they would
25. undertake the same) double their moneys they were to laye out thereabout
26. and the sayd Parratt and Turley still being unwilling and declareing that
27. they thought it would be great charge unto them to undergoe the same the sayd
28. Cutberd told them hee would desyre but tenn pounds in all for sayleing
29. the sayd shipp the sayd voyage ˹to Berghen˺ and assisting ˹there˺ in the sale of her outward
30. ladeing and buyeing of her homeward ladeing..."
