638890-1896-Ordinances-Nos-5-6-7-and-8-of-1896-assented-to- — Page 3

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THE HONGKONG GOVERNMENT GAZETTE, 18TH APRIL, 1896.

No. 6 or 1896.

An Ordinance enacted by the Governor of Hong- koug, with the advice and consent of the Legislative Conneil thereof, to amend and consolidate the Law relating to Factors.

LS

WILLIAM ROBINSON,

Governor.

Title.

[16th April, 1896.]

BR

E it enacted by the Governor of Hongkong, with the advice and consent of the Legislative Council thereof,

as follows :--

Preliminary.

1. For the purposes of this Ordinance :-

--

(1) The expression "mercantile agent" shall mean a mercantile agent having in the customary course of his business as such agent authority either to sell goods, or to consign goods for the purpose of sale, or to buy goods, or to raise money on the security of goods :

(2) A person shall be deemed to be in possession of goods or of the documents of title to goods, where the goods or documents are in his actual custody or are held by any other person subject to his control or for him or on his behalf : (8) The expression "goods" shall include wares and

merchandise:

(4) The expression "document of title" shall include any bill of lading, dock warrant, warehouse- keeper's certificate, and warrant or order for the delivery of goods, and any other document used in the ordinary course of business as proof of the possession or control of goods, or author- ising or purporting to authorise, either by endorsement or by delivery, the possessor of the document to transfer or receive goods there- by represented:

(5) The expression "pledge" shall include any con- tract pledging, or giving a lien or security on, goods, whether in consideration of an original advance or of any further or continuing advance or of any pecuniary liability :

(6) The expression "person" shall include any body

of persons corporate or unincorporate.

Dispositions by Mercantile Agents.

2. (1) Where n mercantile agent is, with the consent of the owner, in possession of goods or of the documents of title to goods, any sale, pledge, or other disposition of the goods, made by him when acting in the ordinary course of business of a mercantile agent, shall, subject to the provi- sions of this Ordinance, be as valid as if he were expressly authorised by the owner of the goods to make the same; provided that the person taking under the disposition acts in good faith, and has not at the time of the disposition notice that the person making the disposition has not authority to make the same.

(2) Where a mercantile agent has, with the consent of the owner, been in possession of goods or of the documents of title to goods, any sale, pledge, or other disposition, which would have been valid if the consent had continued, shall be valid notwithstanding the determination of the consent: provided that the person taking under the disposi- tion has not at the time thereof notice that the consent has been determined.

(3) Where a mercantile agent has obtained possession of any documents of title to goods by reason of his being or having been, with the consent of the owner, in possession of the goods represented thereby, or of any other documents of title to the goods, his possession of the first-mentioned documents shall, for the purposes of this Ordinance, be deemed to be with the consent of the owner,

(4) For the purposes of this Ordinance the consent of the owner shall be presumed in the absence of evidence to the contrary.

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Definition.

Powers of mercantile agent with respect to disposition of goods.

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