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

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Europe

Collection:: Economics Books

88 WAREHOUSES IN FOREIGN COUNTRIES. at Rotterdam, have been built since 1895, there is at present a lack of storage room. New warehouses and sheds, however, are being built constantly and the storage space still increases from year to year. S. Ltstoe, Consul-General. Rotterdam, Netherlands, November 12,1901¡.. AMSTERDAM. (From United States Consul Hill, Amsterdam., Netherlands.) In a report on stored goods as collateral for loans,® transmitted July 10, 1902, I made the following résumé: During the reign of the counts of Holland it had already become necessary to establish a weigh-house in order to guarantee to merchants correct weighing by means of measures controlled by the city authorities. It is supposed that as early as the year 1275 such a weigh-house existed on the dam at Amsterdam. Later the privilege of the weigh-house was transferred to the city. During the seven teenth century, the period during which the East India Company and the West India Company flourished so extraordinarily, every merchant, before delivering goods, was compelled to have them weighed in the city weigh-house (Stads- waag). Merchants brought their wares to the city and employed weigh-house carriers (waagdragers) to place them upon the scales of the weigh-house and to deliver them on board ship. These waagdragers formed corporations called “ veems,r under the direction of four or five chiefs and four trustees chosen from among the leading merchants. These directors employed laborers to perform the work. When the city abolished the municipal weigh-houses the waagdragers took a city oath and were then called “ sworn weighers ” and workers for the trade. Their work consisted of receiving goods from on board ship, weighing them, and either warehousing or delivering them. For a long period—perhaps forty or fity years—the veems have issued “ cedullen ” (warrants) to bearer for the goods stored by them in their ware houses. These warrants are accepted by the Netherlands Bank, and also by private bankers and banking institutions, as collateral for loans. In making loans upon merchandise, the Netherlands Bank requires the following: (1) The borrower must be well known to the bank. (2) An application for a loan, accompanied by an estimate by a broker accepted by the bank, and a statement of the value must be furnished. (3) The application must be approved by the direction of the bank. (4) A contract deed of the loan must be made, whereby the merchandise is transferred to the Netherlands Bank. Loans may be made up to G5 per cent of the value on articles that are not very largely dealt in ; up to 70 per cent on most articles of merchandise; on sugar and cotton, 75 per cent, and on tin, 80 per cent. The warrants of only such veems or warehouses as have a guaranty deposit with the bank are accepted by the Netherlands Bank as collateral for loans. The warrants of the Dutch Trading Company and of the municipal bonded warehouse are accepted by the bank bona fide. The average amount loaned on merchan dise in this way by the Netherlands Bank during the last three years [to 19021 has been about 7,000,000 florins ($2,814,000). In consequence of the increase of trade and of the extension of warehouses, the veems of late years have been transformed into stock companies, each having a capital of from 1,000.000 florins ($402,000) to 3,000,000 florins ($1,200.000). Amsterdam, besides being preeminent in the diamond polishing, splitting, and cutting industry (which on account of the small bulk of its materials makes no figure in warehouse statistics), is the largest colonial market on the Continent. It is first in tobacco and cinchona bark, it is a large coffee market, and the names of its manufacturers of chocolate are known everywhere. It is also a large grain and flour market, and its trade in timber, iron, petroleum, dyewoods, “Published in Special Consular Reports, volume xxv, page 63.

Access restriction

Copyright

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

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation