76 PORTUGAI, - CREDIT 



self, or for general warehouse purposes, when the goods are deposited as secur- 

 ity for documents of title transferable by means of endorsement, called 

 receipts or warrants, under the conditions stipulated in Part XIV, Book II, 

 of the Commercial Code. The warehouses may, in addition, undertake trans- 

 port and dehvery of the goods deposited, as v\ ell as theu' insurance and sale. 



The goods that may be received as commercial deposits are grain, wine, 

 olive oil, cork, wool, manure and agricultural machinery. For general ware- 

 house purposes, grain, spirits, brandy, cork and wool may be accepted. The 

 Government may also authorize deposit of other articles. In the case of 

 perishables, it is for the depositors to take the measures considered 

 necessary for their preservation. If need be, these measures are taken 

 by the warehouse itself at the expense of the depositor, unless he withdraws 

 his goods. 



The depositors are bound to insure their goods for the amount of their 

 real value and transfer the advantages of the contract to the board of man- 

 agement of the General Agricultural Warehouse. On its side, the board 

 of the Warehouse is hable for damage caused by its employees, whether 

 through carelessness or mistake. For the purpose^ an amount of 3 contos 

 de reis (or 15,000 frs.) for each General Agricultural Warehovtse is entered 

 on the Estimates of the Fomento Department. 



The goods in deposit are undistrainable, unless the receipt or warrant 

 is lost, except in cases of bankruptcy or disputed succession. 



The Depositors may ask the General Warehouse for receipt and war- 

 rant. The receipts are signed by the Manager and the employee in charge 

 of the General Warehouse and bear consecutive numbers, together with 

 indication of the name, condition and profession of the depositor, the date 

 and registered number of the deposit, its nature and amount and any other 

 particulars necessary for its identification and valuation (number, nature, 

 weight, volume etc.) as well as the amount for which it is insured. 



The receipt and warrant, as above stated, are transferable by means 

 of endorsement. This endorsement transfers the ownership of the goods 

 deposited, when both the receipt and warrant are covered by it ; but only 

 the transfer of the rights of the bearer of the warrant, when the endorse- 

 ment only refers to the receipt; and if it only refers to the warrant, it trans- 

 fers to the person to whom it is endorsed the right conferred by pledge. 

 The receipt and warrant may be both endorsed informalh^ ; by such endorse- 

 ment the rights of the endorser are transferred to the bearer. 



The first endorsement of the warrant must mention the amount of the 

 credit guaranteed, the rate of interest and the date of maturity. The 

 endorsement must besides, be registered, in a special book, kept in the 

 General Warehouse, with indication of the amounts due for warehouse 

 charges etc. 



The bearer of the receipt may withdraw all or part of the goods, even 

 before the expiration of the term of the credit guaranteed by the warrant. 

 He may even sell them for his own advantage, provided he pays the 

 warehouse the amount mentioned in the warrant, together with interest. 



