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  subject ­
  to  duty  but  not  yet  entered,  until  such  goods  are  entered,  transported ­
  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  certificate ­
  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  negotiable. ­
  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  insured, ­
  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