1. What is a Contract Note ? Are contract notes for sale of
2. Define Customs Average. When averaging weight for
duty do the
Customs Authorities take draft into consideration. What is
Lot Money ?
3. Name four kinds of D/O's used in connecti
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
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
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.
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
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
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
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
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
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
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
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
" 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
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
(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
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
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
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
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
own, the contracting company is responsible if the goods
safely delivered, But a company is not bound to accept
responsibility, and may require a consignor to relieve it of
liability from the time the goods have passed out of its
sufficient to provide my profit, say 10%, and then a
sufficient to cover my establishment charges, say 5%.
The Valencias cost me .
Add 10 % for profit (say)
Adds % Establishment charges, say * /w
Lowest price at which I must sell . 54/
of rates. The Board of Trade considered these proposed
classifications and schedules and heard objections which were
forward by interested parties such as traders'
order was then made by the Board in respect of each
In owners' wagons
In railway companies' wagons
Special . . 21
The following table gives examples of the kinds of
which is contained in each of the above classes.
CLASSIFICATION OF MERCHANDISE
EXAMPLES OF GOODS IN EACH CLASS
CLASS i. Iron ore,
12. What precautions should be adopted by a person
from a carrier ?
13. What are the functions of the Railway Clearing
House ? Explain
14. Explain the method of using a Delivery Book with
and Received Notes. W
they commonly collect and deliver parcels on the same
day without first of all taking them to central depots, and there
them according to the districts for which they are
railway carriers do not always collect as well as deliver.
has lawful excuse, refuse to carry goods, without laying
open to an action for damages; nor can he charge an
rate for carrying, as that is tantamount to a refusal to
Generally, a common carrier is an insurer of the goods he
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