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Purser

PURSER, the old name for the paymaster of the British and American navies still used in merchant vessels of to-day. In the British navy he was appointed by a warrant from the admiralty and was paid partly by salary and partly by a percentage (10%) on the value of unexpended stores.

Note - this article incorporates content from Encyclopaedia Britannica, Eleventh Edition, (1910-1911)

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