11,108. And he was not getting interest for it?-I think he should have paid interest.
11,109. Not when you had £11 of his in your hands?-No; but we charged him no interest when we advanced him more.
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11,110. But you charged insurance upon the goods he got, and you had your profit upon the goods?-Yes; but we had to lie out of the money, for some time. We might have lain out of that money for eight or nine months.
11,111. Had you sold him these goods at a cash price, and not at a credit price?-At a cash price; we have only one price. We make no difference between cash and credit.
11,112. Was the oil-money that is credited to the man on 20th November the first payment of oil-money?-It was the first payment of oil-money for the Davis Straits voyage.
11,113. When was the second payment of oil-money made?-It is credited on 19th February 1866.
11,114. It only amounted to 15s.?-Yes. I don't believe that we had received the first money at the time when we paid the man, so that we had no money on hand.
11,115. Take the case, now, of a man living in the country, George Georgeson in Walls. He receives, in like manner, on 4th March, £2, 13s. in cash, and he gets supplies, and is debited with insurance in the same way. On April 27 he has the same amount to receive for the sealing voyage, and on May 17 he gets £12,10s. in cash; on September 9, £1 per order: was that an allotment note?-It was money to account.
11,116. It would be advanced to his wife upon the security of the voyage?-Yes.