68 QUESTIONS AND ANSWERS 



Upon the reverse side of each contract shall be 

 printed the rules governing such transactions. A 

 proper book shall be kept by the superintendent of 

 the exchange, entitled " Butter Contracts," in which 

 shall be recorded all contracts as per foregoing form, 

 duplicates of which shall be furnished to both sellers 

 and purchasers, who shall personally sign the same 

 at the time of depositing original margins. All con- 

 tracts shall be signed, and original margins de- 

 posited not later than 2 o'clock on the day follow- 

 ing the sale. 



53. When further margins are called for, same 

 shall be paid to, and receipted for, by indorsement 

 upon the contract by the superintendent of the ex- 

 change. 



54. All transfers of contracts for future delivery 

 must be indorsed on the original contract, by the 

 superintendent of the exchange, who shall promptly 

 notify the other party in interest of such transfer. 



55. The following form of transfer shall be used: 

 " For value received, the within described con- 

 tract is assigned and transferred to 



who hereby agrees to assume the same, with all the 

 conditions and obligations thereof. 



Dated, New York, , 190. . . .. 



Seller. 



Buyer." 



INSPECTORS AND INSPECTIONS 



56. The butter committee shall recommend to 

 the president, for his appointment, subject to the 

 approval of the executive committee, such inspect- 

 ors of butter as may be required. 



