212 FOREIGN TRADE ZONES 
The following translation from a publication of the Credito ¥ 
Docks de Barcelona, emphasizes certain features of the operations 
permitted in the free deposit: 
In the free deposit merchandise enjoys absolute exemption not only from 
pustoms duties but also from all classes of taxes established or which may in 
future be established as long as it is not destined to national consumption. The 
greater part of foreign merchandise, tobacco in leaf or manufactured, and Spanish 
merchandise destined to mixture or exportation can be admitted to it. 
Merchandise can remain in the deposit up to four years without the satisfaction 
of customs duties, during which period it can be indiscriminately destined all or 
in part to national consumption or to reexportation abroad, paying duties only 
on that part destined to consumption. 
The tariffs both for storage and manipulation are low and perfectly support~ 
able by the merchandise affected. 
The company takes charge of insurance on advantageous conditions for its 
clients, as liquidations are made every 15 days on the stocks existing at the 
beginning of the period and policies are not charged with stamps, duties, ete. 
The operations permitted are enumerated in the royal orders of October 22, 
1914, October 13, 1927, and December 13, 1927, the last two of which consider- 
ably extended the classes of operations possible. 
The consignees of merchandise which comes destined in the manifest to the 
tree’ deposit do not incur customs penalties included in Chapter II title 4 of the 
customs regulations. 
Further a royal order of December 13, 1927, authorized the free deposit of 
Barcelona to receive and export by railway proceeding from or destined to 
Portbou, merchandise which according to the customs regulations can be the 
object of transit commerce. 
The company alive to the importance of credit in modern commerce facilitates 
the mobilization of merchandise by the issuance of warrants representing it. 
These warrants are paid to the bearer and with them as a guarantee credits may 
be opened at daily interest to be liquidated on cancellation. Loans on these 
warrants are made at 5 per cent interest. 
Operations prohibited in the free zone—Merchandise which by its 
condition and character or on account of its packing is considered 
prejudicial or inconvenient or which may cause prejudice to other 
goods deposited, may be refused. 
The introduction into the free deposit of merchandise which can 
not be imported into Spain as enumerated in Disposition 11 of the 
tariff, is prohibited. These prohibitions while they include a con: 
siderable number of articles are not for the most part of general 
interest to commerce. Merchandise, the prohibition or importatioB 
of which is temporary or circumstantial, can, however, be admitted 
in the free deposit for four years enjoying all privileges of other 
merchandise except that of introduction into the country. 
Dispatch in unloading vessels.—As there is no free port proper bub 
only a free deposit, vessels with goods for the latter must enter and 
clear under the same conditions as those with merchandise for entry” 
Actually it is understood that only small portions of the cargo 
introduced so far have been destined for the free deposit.