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

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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:: Africa

Collection:: Economics Books

190 WAREHOUSES IN FOREIGN COUNTRIES. MADAGASCAR. TAMATAVE. (From United States Consul Hunt, Tamatave, Madagascar.) * Bonded warehouses were unknown in Madagascar till very recently, and have thus far been established only in the port of Tamatave. In June, 1900, a convention was made between the French minister of the colonies and the Colonial Company of Madagascar for the estab lishment of bonded warehouses for the general storage of goods for the chief port of Madagascar, with a view to creating (1) a bonded warehouse, (2) storage warehouses at the disposal of merchants for goods stored as collateral for loans by the banks, and (3) storehouses open to all goods free from any encumbrances. That convention conferred a monopoly of the customs bonded warehouses and the general storage warehouses. In September, 1902, the Colonial Company was replaced by the Société des Magasins Généraux et Entrepôts de Madagascar (The Bonded Warehouses and General Storage Company of Madagascar) by a decree of the governor-general, and this company undertakes (1) the storage, handling, and preservation of merchandise in the bonded warehouses and stores; (2) insurance against the risks of fire; (3) the unloading, loading, reception, delivery, and transit of mer chandise; (4) the transport of all goods within the limits of Tama tave; (5) all custom-house operations; (6) in fine, all consignments, arrangements for freight and, generally speaking, all operations tending to facilitate commerce and navigation. The company’s establishment consists of 70.000 square meters (17.3 acres) of land conveniently situated near the landing place, with warehouses constructed thereon, the whole having cost $170,000. These are all to revert to the government at the expiration of the concession in 1928 on payment by it of their then value, to be deter mined by appraisers. The buildings so far erected, which are con fined strictly to present wants, comprise landing sheds, bonded ware houses proper, warehouses for storage of goods in transit, offices of the customs, offices of the company, and magasins libres, or free warehouses (where merchandise is deposited free of charge for storage until it has been visited by the custom officers—a period of a week or ten days). These buildings are constructed with iron frame work filled in with brick and roofed with tile, and cover slightly over an acre of ground. Such merchants as I have spoken to give the impression that they consider the charges excessive, although they are generally satisfied- But the fact is that the elaborate organization of such an establish ment in a young colony where everything before was done in a very loose manner naturally chafes, as the merchants, and especially the old settlers, are not accustomed to its many formalities. Then again trade is so depressed just now that the amount of business is not com patible with the machinery at hand for handling it, the receipts of the bonded stores amounting to only $5,000 a year, which barely covers the working expenses, thus charges for the present have to be maintained at their highest legitimate point. The chargés for the storage of goods are made according to weight

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