RULE 33.-The forms of contracts heretofore in use, marked A, B, C, D, for Wilmington or Charleston deliveries, are approved, and any disputes arising under such contracts shall be adjusted by these rules, and New York customs.

GENERAL RULES.

RULE 34. In all transactions where quantity is not specified, not less than twenty-five (25) barrels Spirits Turpentine, or one hundred (100) barrels Rosin or Tar, shall constitute a good delivery.

RULE 35.—All sales are for prompt cash on delivery; any deviation from which shall be understood as merely of courtesy.

RULE 36.-A better article, or of superior quality, shall always constitute a good delivery on a contract for inferior goods.

RULE 37.-Goods to arrive shall be offered only:

1. By vessel named.

2. When Bill of Lading is in hand.

3. On advices of actual shipment.

RULE 38.-In case of sales to arrive by ship named, if it happens that the seller has not on board the goods which he sold, it shall be his duty, on discovery thereof, to immediately notify the buyer, who shall thereupon have the option of cancelling the contract, or requiring the delivery of like goods in yard on arrival of the vessel.

RULE 39.-Goods publicly offered for sale may be accepted by any member, if not immediately taken by the person to whom they had been first offered. So, also, in case of public bids, they are open for acceptance by any one, if not immediately accepted by the person to whom they were first made.

RULE 40.-Washed or fictitious sales are positively forbidden, and will render the parties concerned liable to suspension or expulsion from the Produce Exchange.

RULE 41.-Unless otherwise provided in Bills of Lading, all Naval Stores by sail vessels shall be landed at one of the

regular Naval Store yards, when required by consignees, and free of expense to them.

RULE 42.-The consignee of the greatest number of barrels of Naval Stores, including Spirits Turpentine, on any vessel going to yard, shall have selection of the yard at which to discharge.

RULE 43.-The Scale Beam manufactured by the "Journeyman Scale-Makers," or Fairbanks & Co., shall be used to test any disputed weights, or tares; provided, however, that such Scale Beam must be tested at least once every six months at the shop of the manufacturers, or by the public authorities.

RULE 44.-The Committee on Naval Stores may appoint (and for proper cause, suspend or remove,) Supervising Inspectors at New York, Wilmington, Charleston and Savannah, whose duty it shall be to examine and certify to the quantity, weights, gauges, and contents of such articles as may be sold subject to their supervision, and to superintend the proper stowage thereof on board ship, subject always to these rules, and such regulations, not in conflict therewith, as may be adopted, from time to time, by the Committee aforesaid, who shall also fix the compensation to be paid the Inspectors by the parties employing them.

RULE 45.-Nothing herein shall be construed as interfering in any way with the right of members to make any special contracts or conditions they may wish.

RULE 46.-All the foregoing rules must be justly and liberally construed, and no property shall be rejected or condemned on a mere technicality.

RULES

FOR THE GOVERNMENT OF

SUPERVISING INSPECTORS

ACTING AS BUYERS' AGENTS IN THE SHIPMENT OF NAVAL STORES AT THE PORTS OF NEW YORK, WILMINGTON, CHARLESTON AND SAVANNAH, ADOPTED BY

AS

THE COMMITTEE ON NAVAL STORES

OF THE

NEW YORK PRODUCE EXCHANGE,

PROVIDED BY RULE 44 OF THE AMENDED RULES.

RULE 1.-One person (or firm) shall be appointed as Chief Supervising Inspector for the four ports above named, with power to appoint a sufficient number of deputies to meet the demands of trade, for whose acts he shall be responsible, and who, before entering on the discharge of their duties, must be approved by and receive a license from this committee.

RULE 2.-The compensation of said inspectors shall be as follows:

On Rosin

For testing grades K, M & N on 100 per cent. of parcels......10c. per bbl.

which shall cover all ordinary charges for inspection of weights, tares, and contents, as well as stowage.

RULE 3. The inspector and his deputies are forbidden to receive from buyers or sellers extra compensation of any kind or nature for work done in the line of their duty, except such

as may be awarded by the inspection committees of Wilmington or Charleston for expenses properly incurred, or which may be authorized by this committee.

RULE 4.-Inspectors are forbidden to share or in any way interfere with the business of local inspection, confining them selves strictly to the examination of goods sold for delivery subject to their supervision, which must have been previously inspected by a local officer.

RULE 5.-The chief supervising inspector shall take his orders in writing from the buyer or his agent, a copy of which he shall furnish to seller before the delivery commences, after which he shall, in every possible way consistent with the proper discharge of his duty, consult the convenience of seller in delivering.

RULE 6.-Disputes between sellers and inspectors shall be submitted at New York to the Committee on Naval Stores; at Wilmington, Charleston and Savannah to the Inspection Committee of the Produce Exchange. The decision of either of these committees shall be final when rendered in accordance with the rules of the New York Produce Exchange.

RULE 7.-Inspectors, besides furnishing buyers with a certificate in duplicate, showing inspection of goods and of stowage, shall also stamp on the returns in form as follows: "The merchandise described herein has been examined by me and found correct in all respects," which he shall sign and promptly deliver to the seller or his agent free of charge.

RULE 8.-In examining naval stores, inspectors shall be governed by the requirements of these rules, unless otherwise agreed to and directed by both parties to a contract.

RULE 9.-In the event of disability from any cause of the supervising inspector or his deputies to promptly and properly discharge their duties at Wilmington or Charleston, the Inspection Committees at these ports may appoint inspectors for the emergency only, whose certificate shall be recognized and paid for by the buyer, as should be done if the appointment was made by this committee, and the same shall be valid and binding between all parties concerned.

RULE 10.-It shall be the duty of the supervising inspector to furnish this committee with monthly statements showing in detail the exports of naval stores from the three ports, and particulars of what portion thereof was inspected by him or his deputies.

RULE 11.-Properly substantiated complaints against inspectors or their deputies (made in writing) may be punished by a fine of from $5 to $20, or by removal, at the pleasure of the committee; and deputy inspectors may be suspended for gross misconduct by the inspection committees of Wilmington and Charleston, but not for a longer period than three days, unless the cause of offense is submitted to this committee for adjudication.

Appointed in accordance with these Rules, and approved by the Naval Store Trade.