THE PRESENT AUCTIONEERS ACT.

Waikato Times, Volume XXXVI, Issue 2902, 19 February 1891, Page 2

THE PRESENT AUCTIONEERS ACT.

n> nii:ni'ivii:. Sn:.- ■!■' ir yens past tii" %viit. r has >trrni!-iii>-!y cad" iv an .',l tn got 11-.- law as relating l.'i mid iuuecrs. dealing will) Iheir clients aiii.-ii-i-;. 1. A- it stands at present, as no d'a'ft; iii-n' nf \*.-111- n-adeis an- av.ate, anv anetioneer for eoniuii-Mon aee.at) who rnin: a I'lii'nt f..r jinvspccilic. pai in,iv f'.r tin; ],-.tri-li:ii.f stuck -i< 1n.;.1 acconnlahle as a bailee ».!„ src f„ r , and all tlin pains and pi-naitii - nf h tli civil and ciiuiiual ciiiu'l - await lain I'm- anv breach nf tru-t relating Uieieto. |.; Vl ,„ in'tin; i-vi-nl. nf his bankruptcy m. errditnrs may tnucli -i:i'!i niimnv, it b-.-isitr h-.'!d tn In- (and iu.-lly sn) a tra-t a(.'L-nnr.t. I'-al, liy simpiv rn-vr-isiiur ti,.' prnpi-M-, fiii-l an Auutin--11 "'.'l' L'norls nr sin.-.-lc tn r:nir,'crt int'i mniipv. thi: c'.i.mtV |v -ilinii i-'mi«!itily altiii'od. Tim law !in lnn'.!t;r, a- in tin- <.thci imsp, pmtects his inliara;; his s'ncl; i,r [rnnds may bo sild ami ennvrrted iiiln irnnry, ami tlir ancfi-inisa' may witli inipunily nb.-'nib il, ilit'' his in I'.'-fati- : ho may 'if |„. bi' in Ii il .11 -id -li-'iil Ml' I'"c!;!c--, I'.v.'ii, pay nlf ErambiiiiK dnbts villi il. smnc nt hi i n'li'ii pn---iiur Ii ibiliiii'i, nr in fact u.-r- it in any enne-, i\alih; way far his nwn pui*pnsi's, his ulmnt, liipiimvhih-. liavinpr nn shadn-.r nf iian"dv, savn liy civil pinci's-i fnr .!..'i,t lli.- m il.ii-r then i.flen in tli'.i P. iiiki aplcy (J mrt,, with a. diwd. nd mi ;i linain-pafliii; sL'ah: as tin: i'fi.--ult.-iii( fruit. ] fancy must nf your readers will ajjita; with me that a law which npurales sn unjustly l-cijuir."- riltoratinn. (JmiDtrv siitllcrs aro .•-pi'dially liable tn .suffer, since a. tini'ti.in nf their stock and produce inu-t of necessity be disposed ui a lii.-taut auctioneer ur 'jf;eiit. for rari'ly can they attend to see to thu .safe protection of (heir interests. While the las and vicious system of credit that evorywhei e obtains I nn often causes even hunourablu and upright salesmen and nfjents t.> tli'di clients into the financial yulf they themselves fall into, thus intensifying the evil ie-<sllinir from the present state of the law. Abmit three years ago. Major .lackson—then nii'inber for Waipa— got a i.hort Auc)r.nri-rs' Amendment Act drafted, but, nwin::ln pirty sipnbhles in the House it iv i- not even planed on the order paper Lliat ses ion. Ihe fndiiwiiiLr session, at tho fag end, an alinrtna- attempt was made tn pass the measure, bill party lights again sealed its I'al.e. Again during the session following,—the ne.v Member for Waipa—Mr ISryce promised his as-i-tance in Ihe matter, but dining the lie mi parly lights it was entirely 10-tight of. Hut Mr Kryce has agiin promised his cordial as-i-tance in tho in itter when ne\t hyislatinu becomes possible, and invite, au e.\pri ssion of opinion In,ni all e\-perii!iic:d sett'eis. shnwing what diii;ciioii, in tlv ir opinion, any amendment should t ike. The fnHouung were the princmal all.a-.,ii..iis in the liill a--drafted by M j ir .lack-nn : -l-t. "In theevent of any auctioneer b-eoning insolvent, then tho claims of all client-, whose goods had been snl I on couiuiis-i'in sii. nld be niadi) a first charge oil the estate and I'nd. " All anctioii'-ei- to be c in.pel'ed (under a, penalty) to render aec unit safes with thu u.-tt taocee-!-' aeeruing within I I days after the dale ot -alo. I here w.-re one two other e'au'-es, that is the penal ones, etc.. bill th"se two weie the tnineipal, ami were what f and s.-veial others had sug g, -11" 1 - 1 stid think th.it such au alteration

i> m-.:iit,!y nnded, and I feel siiro tlmt uK li<>n<i«irahln and sound nii.l ;inof i<"Mf'-Ts, ;is well ns the public in p't'MtMal, would welcome. <ueli ;in improve-nii-fit "ii the present law, which simnlv oilers i\ premium lo the rock loss and uu* principled acjml.— ] nm, eto., V/ii. Johns.