Foreign trade zones (or free ports)

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Monograph

Identifikator:: 1801857903

URN:: urn:nbn:de:zbw-retromon-199077

Document type:: Monograph

Title:: Foreign trade zones (or free ports)

Place of publication:: Washington

Publisher:: United States Government Printing Off.

Year of publication:: 1929

Scope:: IX, 322 S; Ill., graph. Darst

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Part 2. The free ports of Europe

Collection:: Economics Books

216 FOREIGN TRADE ZONES amortize the sum expended. Efforts are being made to have these charges reduced, but so far without much effect. Administration—The workings of the depésito franco are admin- istered by a consortium consisting as previously mentioned. The actual board consist of (¢) the president and four delegates elected from the members of the diputacién, renewed biannually; (5) the presidents of the chamber of commerce and board of harbor works, plus four delegates, renewed each three years. This board of managers or directors has power— (a) To intervene in judicial affairs or with the public authorities or private persons; (b) Name, suspend, or discharge employees and fix their salaries; (¢) Rent and acquire lands, buildings, machinery, and other furnishments Of real estate; (d) Execute and contract for all classes of construction, works, and supplies of materials; (e) Contract and accept subsidies, donations, legacies, and sign public or private documents; (f) Emit loans, warrants, and all classes of receipts for merchandise, and contract guaranties of emission and assurance; (9) Determine the operations to be realized in the deposit and the tariff ap- plicable, and rent to mercantile enterprises various or all the services of the zxploitation of the deposit; and . (Rh) Realize all other acts which will be necessary in conformity with the royal decree of July 30, 1918, complementary dispositions, Statutes and Regulations of the Consortium. * * * Guards —Owing to the restricted operation at present conducted by the free port, only three uniformed guards are in attendance. Annual cost of administration.—The cost of administration during the past year was 66,000 pesetas, including all salaries of directors and minor employees. Operations permitted in free zone.—The following operations are permitted in the free zone at present: (a) Repacking of merchandise in general; (0) Repacking of bulk articles into smaller units for commercial sale 7 (¢) Mixing; (d) Cleaning and toasting of coffee and cocoa; (e) Shearing or de-hairing of skins; f) Classification of lumber; (9) Washing of wool; (h) Extraction of oil from oilseeds; and (7) Any operation which augments the value of the merchandise deposited without changing essentially the nature of same. The Government can amplify the concessions referred to above to operations of transformation of merchandise whose entry into the depésito franco is permitted, upon publishing the petition therefo® in the Gaceta de Madrid and the Boletin Oficial de la Provincia d¢ Vizcaya. If such petition is not acted upon by the Governmen? within a period of 60 days, consent is taken as tacit.

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