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:: Europe

Collection:: Economics Books

AUSTRIA-HUNGARY : TRIESTE. 11 crowns ($129,920) represent, respectively, expenditures for hydraulic and for electric appliances. SERVICE. The warehouses serve as depositories of foreign merchandise sub ject to duty but not yet entered, until such goods are entered, trans ported under bond to another customs district, or reexported ; also for the storage of merchandise subject to an octroi, or city tax, until such tax has been paid or the goods have been shipped out of the city. Parties depositing merchandise are entitled to a receipt, or certifi cate of deposit. This receipt consists of two separable parts, (1) a certificate of ownership, and (2) a pawn certificate (here commonly called a warrant). This receipt, as well as either part of it. is nego tiable. Each part must contain (1) the date of issue, and the name and location of the warehouse; (2) the signature of the manager or responsible agent; (3) the serial number of the deposit book; (I) the name and address of the depositor; (5) a full description of the goods deposited; (6) the amount for which these goods are or will be in sured, and the name of the insuring company; (7) the period of deposit, if already determined; (8) a statement as to whether the goods are subject to customs duty, excise, or octroi tax. The warehouse is obliged to permit the inspection of goods and to allow samples to be taken at any time by parties holding either part of the certificate. Goods on which a receipt has been issued can not be attached or taken for security, but the negotiable receipt, if still in the hands of the debtor, may be attached instead. The warrant of a receipt so attached is then no longer negotiable. When a receipt or an essential part thereof is lost, it becomes the duty of the warehouse, upon request of the loser, to give public notice of such loss and to declare the certificate canceled. Loans may be taken on the whole receipt or certificate or on either one of its parts. The custom in Trieste is to take loans on the whole receipt, the warrant being seldom, if ever, assigned separately. When both parts of the receipt are assigned together, the indorsement of the certificate of ownership is efficacious for the whole receipt. When money lent on the whole receipt is not returned the day it falls due, the lender must give formal notice thereof to the owner of the goods, and if payment is then not made within thirty days the lender may take possession of the goods. The holder of both parts of a receipt, proving himself to be the legal owner, may demand a new receipt in his name and may then dispose of the goods as he chooses. When a loan is taken on the warrant apart from the certificate of ownership, the indorsement of the warrant must contain (1) the name and domicile of the indorsee; (2) the amount loaned and the rate of interest; (3) the date on which the loan falls due. These data must also be entered on the deposit book which the warehouse is by law required to keep. A defective first indorsement makes the loan null and void. The above formalities need, however, not be observed on subsequent indorsements, but such indorsements must be recorded in the warehouse deposit book if indorsees desire it. If the loan on the warrant is not paid the day it falls due, it must be protested like a note of exchange, and if payment is then not made

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