PORTUGAL. 



WARRANTS IN PORTUGAL 

 AND THE NEW REGULATIONS WITH REGARD TO THEM. 



OFFICIAL sources: 



CoDiGO Commercial (Portuguese Commercial Code), I^'sbon, 1888. 

 I<Ei DE 10 DE Maio de 1907 (Law of May loth., 1907). 

 Decreto de 27 DE JuxHO DE 1907 (Decree of June 27th., 1907). 

 l,Ei DE 18 DE SETEMitRO DE 1908 (Laiv of September i8th., 1908). 

 Decreto de i de Outuj'.ro de 1908 (Decree of October 1st., 1908). 

 " DiARio DO GovfeRNo ", no. 158, July 9th., 1913. 

 " DiARio DO GovfeRNO ", no 261, Noverrber 7th., 1913. 



OTHER SOURCES : 



" Agricultura Tr.'VNsmontana " (/I ^n'cM^/M^^ 0/ 'jTmz os Montes), no?. 22, 23 and 24 of 1909. 



" BOLLETIN DA ASSOCIA^AO CENTRAL DE AGRICUI.TUR-\ TORTUGUEZA ", fuzionado COm O " Por- 

 tugal Agricola " (Bulletin of the Central Association of Portuguese Ayiculture, supplement 

 to Agricultural Portugal), I<isbon, 1907 to 19 13. 



§ I. — A GI.ANCE AT THE LEGISLATION ANTERIOR 

 TO THE DECREE OF NOVEMBER 7TH., I913. 



We shall not give a full history of the role warrants have played in 

 Portugal. Although introduced in 1848, they were hardly utiHsed at all as 

 a means of credit. We shall, therefore, only briefly summarise the laws 

 in force previous to the Decree of November 7th., 1913 on general agricul- 

 tural warehouses, of which we shall speak in another section. 



Before the existing laws on warrants came into force, documents 

 of title transferable by means of endorsement were regulated by the Portu- 

 guese Commercial Code, Part. XIV. Book II (i), by the Decree of May 



(1) Portuguese Commercial Code, Art. 408 : 



" On the receipt (contecimento de deposito) for produce and goods deposited in the General 

 Agricultural Warehouses there shall be shown : (i) the name, profession and residence of the 

 depositor ; (2) the place of deposit; (3) the nature and quantity of the goods deposited, with all 

 indications necessary to establish their identity and value; (4) statement whether they have 

 or have not paid all the taxes to which they may be liable and whether they are or are 

 not insured. 



§ ist. To the receipt there shall be attached a warrant on which the same particulars shall 

 be entered. 



§ 2nd. The above document shall be extracted from a register, and the counterfoil kept 

 in the archives of the establishment. " 



