FACTORAGE, called also commission, is the allowance given to factors by the merchant who employs them. The gain of factorage is certain, however the voyage or sale prove to the merchant: but the commissions vary; at Jamaica, Barbadoes, Virginia, and most of the western parts of the world, the commission runs at 8 per cent. generally through Italy, 2½; in France, Spain, and Portugal, &c. 2; and in Holland and other places near home, 1½ per cent.
FACTORY is a place where a considerable number of factors reside, to negotiate for their masters or employers. See FACTOR.
The most considerable factories belonging to the British are those established in the East-Indies, Portugal, Turkey, &c.