Longitude Act passed in July 1714. For details on many of the efforts towards determining the longitude, see History of longitude. The Longitude Act offered a series of rewards, rather than a single prize. The rewards increased with the accuracy achieved: £10,000 (worth over in ) for anyone who could find a practical way of determining longitude at sea to an accuracy of not greater than one degree of longitude (equates to at the equator). The reward was to be increased to £15,000 if the accuracy was not greater than 40 minutes, and further enhanced to £20,000 if the accuracy was not
Minute and second of arc are traditionally given using degrees, minutes, and seconds of arcs for latitude, the arc north or south of the equator, and for longitude, the arc east or west of the Prime Meridian. Any position on or above the Earth's reference ellipsoid can be precisely given with this method. However, when it is inconvenient to use base-60 for minutes and seconds, positions are frequently expressed as decimal fractional degrees to an equal amount of precision. Degrees given to three decimal places ( of a degree) have about the precision of degrees-minutes-seconds ( of a degree) and specify locations within about 120