Commercial Fraud Burked.

Feilding Star, Volume VII, Issue 90, 9 January 1886, Page 3

Commercial Fraud Burked.

The Victorian Parliament have * ■ passed a measure to- prevent an evil prAtice which has sprung up hi 'Mel--1 hour he in connection with : bills of lad--1 |ing. The "Argus, thus describes the • | practice :— " A, speculator goq's to the agents r of a vessel, and offers to ship a ' thoiisand bales, of wool ii bills of ladling, are given him at once, i The; man may have very little money and : he has no wool. But he lodges the bills of 'a ling with 'a,' bank,''draws upon them ana 1 uys the wool. The whole transaction ■ i < . most unsatisfactory,' exposing the parties to peril . at every turn. Such bills of Jading ought not to be signed,, inasmuch as they are purely fictitious,, but with a dozen, or more ships on the birth, the competition is keen ; soine vessel is likely to be left out, and each agent, is anxious that his craft should not be the victim." The " Argus" expresses pleasure that the bill to prevent this practice has become la\y, and congratulates the Chamber, of Commerce, which initiated the legislation, on a victory by which so loose and mischievous a method of doing business will be stopped. An Embryo Coquette. — Miss Elsie : ' Who are you staring at ?' Master Alfred: ' I wasn't staring at anyone.' -Miss Elsie (after a pause) : ■' Well, you may if you like.' •' ' Continuation ofreadinq matteron 4,t7ipage