Warehouses in foreign countries for storage of merchandise in transit or in bond

Bibliographic data

Monograph

Identifikator:: 863514456

URN:: urn:nbn:de:zbw-retromon-45340

Document type:: Monograph

Title:: Warehouses in foreign countries for storage of merchandise in transit or in bond

Place of publication:: Washington

Publisher:: Government Printing Office

Year of publication:: 1905

Scope:: 1 Online-Ressource (206 Seiten)

Collection:: Economics Books

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Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: North America

Collection:: Economics Books

Mexico: Mexico city. 139 publication of the law, customs regulations, and warehouse regula tions. I inclose also a translation, by L. C. Simonds, associate editor of the Mexican Herald of this city, and published serially in that news paper, of the essential changes in the custom-house rules of Mexico which went into eifect July 1 last. The publication of the transla tion of these amendments has not been finished, but since the matter inclosed herewith covers the most important features I have deemed it wise to transmit such part of it now. James Russell Parsons, Jr. City of Mexico, January 9, 1905. WAREHOUSES IN MEXICO. (From former United States Vice and Deputy Consul Conley, Mexico City, Mexico.) Warehouses for the storage of merchandise on which the customs dues have not been paid have only recently been established in Mexico by the Mexico and Veracruz General Storage Warehouses (In corporated), a company in which American capital is largely inter ested and which was organized principally through the efforts of Americans. The law governing such institutions went into effect July 1 last, and the company is therefore just now getting under way in this class of business. Inasmuch as the passage of this law marks an epoch in the mercantile development of Mexico some account of it will be interesting. Under date of June 29, 1901, the Central Bank of this city, the Mercantile Bank of Veracruz, and the Anglo-Mexican Banking Com pany obtained a concession from the Mexican Government for the establishment of general-storage warehouses in Mexico under the general banking law of March 19, 1897, such institutions being con sidered institutions of credit. This concession, which is for forty - years from March 19, 1897, was turned over to a company styled the “ Almacenes Generales de Depósito de México y Veracruz, S. A.” (The Mexico and Veracruz General Storage Warehouses, Incorpo rated), with a capital of $2,000,000 Mexican currency (January 1, 1905, one Mexican dollar is equivalent to 46.8 cents United States currency). This company acquired by purchase a warehouse from the Droguería Belga in this city, another property from the Com pañía Linder, and by lease warehouses which had been used before by the Hidalgo, the National, and the Mexican railroad companies, and part of a building which had been used by the custom-house in this city, and is to acquire by lease a warehouse now used by the Mexican Central Railroad in this city. These properties are all in the vicinity of the custom-house in this city, and have been or are being remodeled for the use of the company. The company has at present something over 20,000 square meters (23,920 square yards) of storage room in this city, which will shortly be increased by about 5,000 square meters (5,980 square yards)'. Extensive improvements are being made by the Mexican Govern ment at the port of Veracruz, and the railroads entering that port contemplate the construction of extensive terminal facilities there in

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