called also commission, is the allowance given to factors by the merchant who employs them.

A factor's commission in Britain, on most kinds of goods, is $2\frac{1}{2}$ per cent.; on lead, and some other articles, 2 per cent.; in Italy, $2\frac{1}{2}$ per cent.; in France, Holland, Spain, Portugal, Hamburgh, and Dantzig, 2 per cent.; in Turkey, 3 per cent.; in North America, 5 per cent. on sales, and 5 per cent. on returns; in the West Indies, 8 per cent for commission and storage. In some places, it is customary for the factors to ensure the debts for an additional allowance, generally $1\frac{1}{2}$ per cent. In that case, they are accountable for the debt when the usual term of credit is expired.

Factorage on goods is sometimes charged at a certain rate per cask, or other package, measure, or weight, especially when the factor is only employed to receive or deliver them.

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. There are also English factories established at Hamburgh, Peterburgh, Dantzig, and in Holland; all endowed with certain privileges.