On This Day: 6 July 1704

On this day in 1704, Thomas Bowrey received the bill for the masts, beams, sails, rigging and oars for the Mary Galley. The wooden items – masts, beams and oars – amounted to £120/2/4 and the other items £4/0/0. In today’s terms, the cost of these items amounted to about £18,000.

It may seem strange today but, at this time, you did not buy a ship fully ready for the sea. First you commissioned the hull, then you added all the items necessary to make that ship sail before, finally, fitting it out with the more portable items – ranging from anchors to cooking equipment.

Although he did not paid the bill until 24 September that year, Bowrey still deducted a discount of approximately 2%. At this time, tradesmen could wait years for some bills to be paid and, in view of this, perhaps less than three months was considered prompt payment.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s