HOW TO RAISE THE WIND.

Wairarapa Daily Times, Volume VIII, Issue 2189, 9 January 1886, Page 2

HOW TO RAISE THE WIND.

The Victorian Parliament have passed a measure to prevent an evil practice winch has sprung up in Melbourne in connection with bills of lading. The Argus thus described the practice :—•' A speciii lator goes to the agents of it vessel,, and offorstoshipatliousaiid,b;ilesof wool if bills of lading are given him at once. The man may have very little .money, and he has no, wool, But he lodges ■ the bills of lading with a bank, draws upon'them, and buys the wool, The whole transaction is most unsatisfactory,. expeming the parties to peril at every.turn. Such bills of lading ought not to be signed, inasmuch as they are purely fictitious; but with a dozen or more ships on the berth, the competition is keen; some vessel is likely to be left out, and each agent is anxious that his craft should not be the vicfiltn." The Argus expresses pleasure that thrill to prevent this practice has become laV, and congratulates the Chamber of Commerce, which initiated the legislation/ on a victory by which so loose vous a method of doing i#. k stopped, ' " '•"" ,"