Poundage
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In English law, poundage is an archaic form of customs duty imposed on imports and exports. Poundage was applied at a rate of 12 old pence in the pound (equivalent to five pence in the pound today). Poundage was introduced in 1302 and abolished in 1787.
[edit] Poundage on postal orders
The poundage is also the charge imposed on the sale of a postal order.{Annual Register 1914 p 262} In some countries, the poundage was called the commission or the fee.
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