Verify Citation - 3. Measures, Rules, and Prices
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Verify Citation
Quoted text:
In addition to being used on a monthly basis for commercial loans, this fraction 1/60th was used annually for applications where only a nominal charge was deemed appropriate. One finds it stipulated, for instance, for the storage of grain in number 121 of Hammurapi’s laws.
Is 121 the right number law of Hammurapi’s Code? That appears to be a 1:5 ratio, not 1/60:
“Anyone storing grain in the house of another shall compensate the bailee by paying to him 5 ‘ka’ of grain for every 1 ‘gur’ of grain stored during the year.”
(Source)
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