enters the details of the consignment. This is the
forwarding by goods train. In the case of parcels sent by
trains consignment notes are not necessary. The
the parcels are entered in a parcels book, and the
SALE AT A CENTRALISED MARKET
or elsewhere and inspect the wool. On sale-days the Sale
is thronged with an excited crowd of eager buyers the
commencing at 4 P.M. each day. To the uninstructed
the scene is bewildering, and it is impos
remedy is to sue the consignees. But if the consignor is
acting as agent for the consignee, the carrier must sue
the consignor. Frequently, however, the consignor and consignee
the same person.
Delivery by Carrier. A carrier, unless relieved by hi
the Colonial markets, in which case they consign them to
SALE AT A CENTRALISED MARKET 159
the selling brokers at Sydney, Melbourne, etc., where
they are duly
offered in sale.
If a squatter does not follow this course he may do one of
(West Riding C.C. Elem.)
11. What is the nature of the reductions made by a selling
when rendering A/S to his principals ?
12. Explain the following commercial terms and
abbreviations : Gross,
Tare, Net, P.O., pcs., Enclo., ult., Prompt Cash, Messr
to quality, of each kind. The prices quoted are rather "
prices, i.e. they are not necessarily the actual prices I am
prepared to take, and they leave room for bargaining.
EXTRACT FROM DRIED FRUIT DEALER'S PRICE CURRENT
" squatter " rising phoenix-like from disasters that would
overwhelmed the farmers in older countries, offers one of
most wonderful examples of recuperative power that can
shown anywhere in the world.
Wool is thus continuously being shipped fr
I 9 .
Anderson, R. Esq.
1 $ Buckingham Gate,
I box containing
PACKING AND FORWARDING GOODS 167
Instead of a parcels book some firms use a Delivery Sheet
right hand and both sets of particulars arc written upon
separately. The receiver of goods, before he signs for a
should be careful to see that the particulars in the parcels
on the Received note, accord with the contents of the
or private treaty, and the defaulting buyer must pay all
charges accrued for Warehouse rent, Insurance, etc.,
the default, and make good any difference between the
realised at the original sale and the resale, i.e. assuming
sold in the Colonial markets, sales taking place regularly
October and March in Sydney, Melbourne, Geelong,
and Adelaide ; in Tasmania, and also at various centres in
Zealand. The same remark is true of South Africa weekly
goods, and will send for them within a reasonable time.
A carrier's responsibility begins when he accepts goods
transit . it ends (i) when he delivers the goods, (2)
hours after the written notice advising the consignees of
goods. The prices quoted in this list are the actual prices
which I am prepared to sell. In both these advertising
then I mention Valencias, qualifying the entries in the "
Offer " list by descriptive epithets " Exceptionally Choice
panies) is only liable for the loss, injury or delay arising
wilful misconduct of its servants, "Wilful misconduct" is
naturally difficult to prove. The rates for goods carried at
are much lower than those at C.R., and this is tb
out below, and for the assistance of the student the
classes under the expiring system are also indicated. It
will continue in force until altered by the Railway Rates Tribunal,
it is provided by the Standard Terms and Conditions of
SALE AT A CENTRALISED MARKET
Wool is sold by the weight, and the weight of any
bale is the weight disclosed by the warehouse keeper's
less the tare specified in the same list. The most common
allowed are n or 12 Ibs. per bale.
ally if the traffic is steady, and there are competitive
for the carriage of their consignments. The company may
a special charge for collection and delivery. Such charges
be " reasonable," and must be shown in the rate book
164 MODERN BUSINESS TRAINING
grades. In the catalogue before me the prices obtained
from lod. per Ib. for " Scoured Grey Cape Wool " to 2s. $d.
per Ib. for " Scoured Ex. Super Combing " from Australia.
Wool may be, and is, sold by " Private Treaty
Freight 66 o o. InterestConsolidated Rate 80 at 4/-
Auction Expenses 80 Bales at 46.
lite Insurance 3300 at 2/9 %
Brokerage on 3042 18 6 at i %
Net proceeds due Cash Decemlx
66 o o
16 o o
4 10 9
15 4 4
-r 30, 1934
2939 16 9
K. E. London, De
Heywood. I shall be able to do nothing with
this buyer until the question of tare on the last lot
of Patras is settled- Can you not meet him ? He
156 MODERN BUSINESS TRAINING
is a large buyer and ought not to be lost for the
sake of a pound or two.
SALE AT A CENTRALISED MARKET 157
of my travellers, I dispose of the 250 J-boxes Valencias to
retail distributor and realise my profit. He, in turn, adopts
similar procedure to dispose of his purchase from me. He
with pardonable exaggeration anno
arrived in time might, however, consider that he stood a
chance of securing satisfactory prices by withholding his
from the market for a time. Hence the Brokers take the
merchants' instructions as to the particular sale in which their
received, as the case may be.
Checking Railway Accounts. No railway account should be
paid till it has been thoroughly checked. Careful watch
kept that all rebates due in respect of collection and
terminal charges have been allowed
and the carrier is paid an increased rate for the increased
In the case of railways, the amount is increased from 10
by the Railways Act, 1921, S. 56. Where such goods are
declared, and the increased rate is paid, a carrier is fully
pack a parcel of moderate dimensions neatly and
main object of packing is, of course, to ensure the safety
goods during transit, but regard should also be had to
as a clumsy-looking parcel leaves a bad impression on
46 o 47 o
42 o 43 o
40 o 41 o
Very choice .
Choice, bold .
Fine, selected bold
boxes 56 o
may, of course, be delivered by the consignors to the
at any of their duly appointed receiving offices. The
supply consignment notes, either detached, or in blocks
A consignment note contains on the back the conditions
services are in force. But the whole system of railway
under revision, and standard rates will soon be published.
Delivering Goods to Railway Company. Goods are usually
collected from consignors by the companies themselves,
to the general public in Ibs., -lbs., etc.
Each of these operations has been effected by means of
market, and the use of advertisement, the base
supporting all the
operations being the demand for the goods by the
The student is informe
21. In transmitting an inland telegram what would be the
the following words and figures: Can't, won't, 987654, 42
N.E., Newcastle-upon-Tyne, Regent Street. (N.U.T. Elem.)
22. Write four different ways of terminating a business