244 FOREIGN TRADE ZONES

All goods on which a receipt was issued will be covered by fire insurance taken
py the chamber of commerce without its responsibility and for account of depositors
 with companies chosen by the chamber of commerce to whom the
depositors shall have to pay a premium of ——— for every thousand lire.
The credit of the chamber of commerce for storage and for all other expenditure
that the chamber of commerce is obliged to make for any reason whatsoever and
relative to each lot of merchandise, will have priority on the value of the goods
against any other creditor even if he should be recognized as lawful owner of the
warehouse receipt relative to such merchandise.
The warehouse receipts in as far as their payment is concerned shall be exclusively
 retained at the clearing room of the Banca d'Italia for account of the
chamber of commerce.
In consequence of the previous article, merchants shall have to deposit with
the Banca d'Italia also the amounts required for the payment of the warrants
not yet matured, and that shall have to be complied with in case they should
wish to release the merchandise before the date of maturity of the relative
warrants.
On the amounts deposited as stated above the Banca d’Italia will pay no
interest.
In order to withdraw the merchandise the merchants will have to exhibit the
warehouse receipt with attached warrants duly signed by the original depositor
with a declaration to the effect that the goods have been withdrawn.
The merchants who wish to take advantage of the authority given by the first
paragraph of article 470, Title XVI, of the Commercial Code will have to deposit
the required amount with the Banca d’Italia and then exhibit the relative receipt
showing that payment in advance has been made for principal and interest as
per warrant.
Sales by auction of merchandise on which there is a lien, when the relative
warrants should have been protested for nonpayment, will be held in the premises
 set by the chamber of commerce, after due presentation of the documents
of protest.
The inspector of the free zone is appointed as deputy of the chamber of eommerce
 in all administrative deeds regarding warehouse receipts and warrants.
The regulations on the free zones approved by royal decree of October 31,
1876, and the special regulations for the Genoa free zone, dated February 8, 1877,
are to be considered also applicable to the custody of merchandise on which ware
house receipts and warrants have been issued inasmuch as said regulations are
not contrary to the present special regulations.
GENOA, August 8, 1895

P. Sovari,
Approved: President of the Chamber of Commerce.
N. 13727. RowME, August 13, 18965.
MIRAGLIA,
For the Minister of Agriculture, Industry, and Commerce.
3rorAGE DUES FOR GOODS STORED IN THE FREE ZONE OR IN THE MANDRACCI
Section oF THE FREE ZoNE (SHED)
GENERAL REGULATIONS .
ArmicLe 1. The present rate list is to be applied to merchandise stored 1B
warehouses, corridors, stairs, and streets of the free zone.
Art. 2. The dues are charged by the month and for unit of weight or measur’
(volume) and are to be paid in full even when the merchandise is left in storag?
for only one day.