After Undergoing This Search And Deduction
Of The Customs, The Merchant Causes His Goods To Be Carried Home To His
House, Where He May Do With Them What He Pleases.
[Footnote 166:
From subsequent circumstances the text is obviously here
incorrect, and ought to have been translated, that the flood tides run
six hours; as it will be afterwards seen that the voyage to a place 12
miles short of Pegu requires eight days of these tide trips of six]
In Pegu there are eight brokers licenced by the king, named _tareghe_,
who are bound to sell all the merchandise which comes there at the
current prices; and if the merchants are willing to sell their goods at
these rates they sell them out of hand, the brokers having _two per
centum_ for their trouble, and for which they are bound to make good all
debts incurred for the goods sold by them, and often the merchant does
not know to whom his goods are sold. The merchants may indeed sell their
own goods if they will; but in that case the broker is equally intitled
to his two per centum, and the merchant must run his own risk of
recovering his money. This however seldom happens, as the wife,
children, and slaves of the debtor are all liable in payment. When the
agreed time of payment arrives, if the debt is not cleared, the creditor
may seize the person of the debtor and carry him home to his house, and
if not immediately satisfied, he may take the wife, children, and slaves
of the debtor and sell them.
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