356 THE WORK OF THE STOCK EXCHANGE
the Stock Clearing Corporation accepts no responsibility for
the form of securities delivered through its Central Delivery
Department. The third form of the credit list thus constitutes
a receipt for the deliverer’s messenger, for the delivery of the
securities to the Central Delivery Department. Its first form
is retained for the files of that Department, while the second
form is sent to the Day Branch cage of the delivering member
in order that the money value of the security deliveries upon
it may be entered as a credit in his account there.®
Central Delivery Department.— The inside office of the
Central Delivery Department is provided with tables for sort-
ing securities, and racks of boxes for temporarily filing securi-
ties in process of being sent to Stock Exchange firms. When
the security certificates come in at the receiving windows and
have been counted and receipted for, they are sorted out on the
tables according to the different firms to whom they are going.
The security certificates composing a given delivery, together
with the accompanying charge ticket, are placed in the box of
the firm which is due to receive them.
After the delivering member’s messenger has delivered the
securities from his firm to the receiving windows of the Central
Delivery Department as above described, he then goes to its
delivering windows in order to obtain there the securities which
all other Stock Exchange farms are delivering through the De-
partment to his firm as a receiving member. These securities
are already assembled in his firm's box in the inner office. At
the delivering window allocated to his firm, the. messenger’s
identity must first be established; this is done by means of the
special card which he must carry. The messenger then receives
the security certificates through the window, and after counting
them signs the second form of the triplicate charge ticket
attached to the security certificates composing each security
delivery which he is receiving. The third forms of these charge
tickets, attached to the security certificates themselves, the mes-
5 See Chapter XIV. pn. 392.
