This historic book may have numerous typos and missing text.
Purchasers can usually download a free scanned copy of the original
book (without typos) from the publisher. Not indexed. Not
illustrated. 1908 edition. Excerpt: ...exchange. SIMPLE PROCEDURE
OF COMMITTEE. The procedure of the committee of three is very
simple and always oral. Complaints made in writing or written
answers to complaints, or arguments by attorneys acting for either
of the parties, are not admissible. Only documents and the
testimony of witnesses actually present are allowed as evidence.
Oaths of either of the parties can not be taken. Protocols of the
testimony, or of the arguments presented, are not made. If,
however, the committee renders a decision or effects a compromise
at the request of either of the parties, the terms of the decision
or of the compromise may be recorded in a protocol book, which must
be signed by both parties. Decisions are made by a majority or
unanimous vote of the committee as soon as possible after the
hearing. If the terms of a decision or of a compromise are not
fulfilled, aside from other legal measures, an application may be
made by the committee to the board of directors to exclude the
offending party from t lie benefits of the exchange. There is also
a committee of three of the Berlin Preduce Exchange, which is
similarly constituted and is governed by the same regulat ions as
already described. It has the power to settle disputes regarding
delivery, arising from transactions in the products listed on the
exchange, and to interpret the rules and regulations. COURT OF
ARBITRATION. The court of arbitration in the stock exchange is
composed of five members appointed every year by the general board
of directors of the exchanges from its own members. Five
substitutes are also selected to take the places of members of the
court who may be unavoidably absent or who may resign. A
representative of the chamber of commerce must attend the meetings
of the court in...
|Country of origin:
United States Congressional House
• United States Congress. House
• United States Bureau Commerce
||246 x 189 x 15mm (L x W x T)
||Paperback - Trade
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