Post by Frederick IV on Oct 13, 2016 13:32:59 GMT
Frederick IV has declared the immediate re-instatement of the Sound Dues, set at the level of 3% of the value of cargo. This due was historically levied against any ships passing through or from the Sound in order to trade.
So as to prevent Captains from understating the value of cargo, Copenhagen based merchants are entitled to purchase the total value of the cargo at the stated value.
The measure is expected to be temporary up until the formalised creation of the Hansa Baltic Trading Company.
Historically the Sound dues made up 2/3rds of the income of the Danish Crown.
So as to prevent Captains from understating the value of cargo, Copenhagen based merchants are entitled to purchase the total value of the cargo at the stated value.
The measure is expected to be temporary up until the formalised creation of the Hansa Baltic Trading Company.
Historically the Sound dues made up 2/3rds of the income of the Danish Crown.
