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 1 2 3 
 
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 The WINNIPEG 
 
 I immi 
 
 BY-LAWS. 
 
 (Adopted »Otli October, 1888.); 
 
 RULES AND REGULATIONS 
 
 FOR THE 
 
 GOVERNMENT OF THE CALL BOARJ). 
 
 (Adopted 18tli October, 1888.) 
 
 RULES 
 
 RELATING TO 
 
 SALES FOR FUTURE DELIVERY. 
 
 (Adopteil 18th Ootober, 1888.) 
 
 I 
 
 TERMS OF TRADE. 
 
 * ♦ « 
 
 WINNIPEG: 
 
 MANITOHA KHKK I'HKSH PRINT. 
 
 1888. 
 
The WINNIPEG 
 
 G 
 
 1 immi 
 
 BY-LAWS. 
 
 (Adopted '^Oth October, 1888.)^ 
 
 RULES AND REGULATIONS 
 
 FOR THE 
 
 GOVERNMENT OF THE CALL KOARI). 
 
 (Adopted 18tli October, 1888.) 
 
 RULES 
 
 REIiATIN(i TO 
 
 SALES FOR FUTURE DELIVERY. 
 
 (Adopted I8tli October, 1888.) 
 
 TERMS OF TRADE. 
 
 WLVNTPF:(} : 
 
 MANITOIIA I'UI'.K I'UKSH IMUNT. 
 
 ISSS. 
 
SSfetj 
 
 //OS) 
 
 n^^t 
 
BY-LAWS 
 
 OF THE 
 
 ifinnipeg Irain k froduce Ixciiange, 
 
 ADOPTED AT A BEKERAL MBBTlNg, HELD 26tt! OCT., 1888. 
 
 {Keplaciwj tliosc adopted, jtro tern,, dth Dec., 1887.) 
 
 the Exchange" occur in tlie fol- 
 
 Tho 
 
 INTERPRETATION CLAUSES. 
 
 1. Whenever the words 
 lowitig By-Laws, they shall be understood to mean 
 Winnipeg Grain and Produce Exchange." 
 
 "i. Whenever the words " the Council ' occur in tlie follow- 
 ing By-Laws, they shall be understood to mean " the Council 
 of the Winnipeg Grain and Produce Exchange." 
 
 FINANCIAL YEAH. 
 
 IV The financial year of this Association shall coiinnence 
 on the 1st January. 
 
 MEMBERSHIP. 
 
 4. Any person directly or indirectly engaged in or inter- 
 ested in trade or connnei'ce, whether a i-esident of the Citv of 
 Winnipeg or nt)t, shall be eligible for admi.ssion as a mend)er ; 
 and at any general meeting of the Association it shall be law- 
 ful for any member thereof to propose any such person as 
 aforesaid, as a candidate foi' becoming a mend»er of the Asso- 
 ciation, and if .such proposition shall be sectnided by any other 
 member of the Association then present, sucli Candidate shall 
 be again propose*! and balloted for at th«' next general meet- 
 ing, not being less than one week after he sliall be proposetl, 
 and in the mean time the name ijf the per.son proposed and 
 of the proposer and seconder shall be po.sted in a conspicuous 
 part of the u.sual place of meeting of the A.ssociation ; and if 
 at the meeeting at which such candidat«; .shall b»' ballotted for, 
 not le.ss than four-tifths of the members present shall vote for 
 his admission, he shall thenceforth be a mendjer of the Asso- 
 
cintion, and sliall have all the riglits and 1)0 subject to all the 
 obligations which the otlier nieinlteis possess or are subject to. 
 and shall be bound by all the By-Laws of the Association. 
 
 a. No member sliall be permitted to use the privileges of 
 the Exchange, or to vote on any question, until he shall have 
 signed the By-Laws and Regulati(jns of the Association in a 
 book kept for that purpose, and have paid his fees for the 
 current year : and on signing this book (s very mend )er shall 
 receive a printed copy of the By-Laws at the expense of the 
 Association. 
 
 KNTRANCE FKKS. 
 
 0. An Entrance F'ee of Fifty Dollars shall l)e charged to 
 all persons desiring to become members of the Association after 
 the 2()th October, ]8(S8, until the membership reaches one 
 hundre<l, and after that the fee shall be One Hundred Dollars. 
 
 CERTIFICATE OF MEMBERSHIP. 
 
 1. Each mend)er shall be entitled to receive a Certiticate of 
 Meuibership bearing the official seal of this Association, and 
 the signatures of the President and Secretary, which shall be 
 transfeiable on the books thereof only to a person duly (juali- 
 fied and elected to mend»ership, upon the payment of a trans- 
 fer fee of One Dollar, and any unpaid lial)ilitv attaching 
 thereto. 
 
 8. Tlie Certificate of Mend)ership of a deceased member 
 nifiy be transfeii'ed to his legal representative, and any by- 
 law inconsistent with these by-laws will be held to harmonize 
 therewith. 
 
 ANNUAL SUHSCRl ITION. 
 
 iV Each member of the Exchange shall pay an annual con- 
 tribution, or fee, of $1'), payable on or before the 1st Feb- 
 ruary, inmiediately following the Annual Meeting. Any per- 
 son admitted a mend)er of this Exchange after the 1st 
 January, and prior to the 1st July, shall pay the full amount 
 of $15 for that ti.scal year, and persons admitted after the 1st 
 July, shall pay a contribution or fee of $10 for the remainder 
 of the current H.scal year, and these pajnnents shall be made 
 within thirty days of admission in each case. Should two or 
 more memliers of a firm become mendjers of the Exchange, 
 each member of the firm shall, pay $10 per annum, or if ad- 
 mitted after July 1st, the fee shall be $5 each. 
 

 1st 
 nt 
 1st 
 er 
 (ie 
 or 
 
 SUSPENSION OH EXPULSION OF MEMHERS. 
 
 10. Slioukl any inember bo guilty of wilful violation of 
 the (Constitution or By-Laws — withholding payment of chu's 
 after suspension — reporting (juotations to the Secretary know- 
 ing them to 1)(! false or fictitious — breach of business con- 
 tracts, either written or verbal — or other dishonorable conduct 
 in business, that in the opinion of th(^ Council <leniands in- 
 vestig! Mon, it shall be the duty of the President, or of the 
 Vice-President acting in the absence of the President, as soon 
 as the facts shall come to his or their knowledge, to report 
 the same to the Council, and the Council shall thereupon 
 take the matter into consideration. And if they, or a majority 
 of them, and after the party charged therewith has had an 
 opportunity of defemling hin\self, shall be of opinion that the 
 said meud)er has acted in such a manner as to bring discredit 
 on this Association as a mercantile l)ody, they shall mark their 
 disproval of the same by suspemling him from membership 
 for such a period as they may determine ; or should the Coun- 
 cil be of opinion that the case is one calling for the expulsion 
 of the member, they shall pass a resolution to that effect, and 
 submit the question before the next special or general meet- 
 ing of the Exchange. A vote to expel nuist be carried by at 
 least two-thir<ls of all the members present. In the event of 
 the suspension or expulsion of a member, all fees due l)y him 
 to the Association for the current year, together with arrears 
 if any, shall l)e recoverable under the Agreement 
 
 11. Any member failing to pay his dues for one month 
 from the time when they have become due, may, at the dis- 
 cretion of the Council, be suspended until such payment is 
 made. The names of parties who may have left the country 
 under dishonoiable circumstances, or who are convicted of 
 crime, may be removed from the roll of members by tin; 
 Council. 
 
 WITHDRAWAL OF MEMBERS. 
 
 V4. Every member, who may wish to withdiaw from the 
 Association, shall give notice thereof in writing, but his wish 
 shall not be acceded to until he shall have paid up his sub- 
 scription to the expiration of the year in which the applica- 
 tion to withdraw shall have been made. 
 
 DUTIES OF PRESIDENT. 
 
 l«t. It shall be the duty of the Presiding Officer when in 
 
6 
 
 the chair, at any meeting, to regulate the order tliereof, and 
 to receive and put motions, to inform the Exchange of the 
 proceedings since the last meeting, to cause the Reports of the 
 Council and other communications to be read, and to announce 
 to the meeting what in them he may think concerns the mer- 
 cantile interest. He shall keoj) oicler, but an appeal may be 
 had from the decision of the Chair, to the members present. 
 It also shall be the duty of the President, or in his absence of 
 the Vice-President, to call a meeting of the Exchange at any 
 time at the recpiest of six members of the Exchange, giving 
 two days' notice thereof, and stating the purpose for which 
 the meeting is convened, provided always, that if both the 
 President and the Vice-President be absent, any member of 
 the Council shall be competent to call such meeting in manner 
 aforesaid. 
 
 THE TREASURER. 
 
 14. The Treasurer shall have the charge of all monies and 
 securities belonging to the Association, and shall deposit the 
 same iveeldjf in some Incorpoiated Bank in this city, to bt de- 
 signated by the Council, in the name of "The Winnipeg Grain 
 and Produce Exchange;" and such monies shall only be drawn 
 out on his che(]ue, countersigned by the President or the Vice- 
 President, ami the Secretary, or, in the absence of any of 
 these officers, by such other person or persons as may be ap- 
 pointed by the Council for that purpose. And it shall be his 
 duty to see all monies received by the Secretary are accounted 
 for daily by that officer. Out of the receipt.s, the Treasurer 
 shall pay all accounts which have been approved by the 
 Council, and shall enter all receipts and disbursements in a 
 book to be provided for that purpose — said book to be 
 balanced and laid before the Council, quarterly for their in- 
 formation, and, whenever required by the Council, he shall 
 also produce an abstract of his accounts. 
 
 At the Annual General Meeting, the Treasurer shall hand in 
 a detailed statement of the year's receipts and expenditure — 
 the same having been previously audited and certified to by 
 the Auditors appointed by the Council. 
 
 THE SECRETARY.. 
 
 The Secretary, under the superintendence of 
 Council, shall be the executive officer of the Exchanc^e, 
 
 15. 
 
 the 
 and 
 
 
 shall keep the books of the Association, and conduct its cor- 
 
( 
 
 in 
 
 respondeiico. H(! shall rotain copies of all official letters and 
 preserve all official uociunents and pa])ei's. It sliall be 
 tlie Secre*xi'}''s duty to give proper notice of all meetings 
 of the Exchange and Councd, and of comnuttees; also to 
 attend and take minutes of all meetings, and make an 
 accurate record of the actions and business of the Exchanire 
 and Council, as well as all committees of same. He shall 
 also collect all statistics ordered by resolution of the Council, 
 as soon thereafter as practicable. And, further, lie shall 
 perform all such <'ther duties as properly pertain to his 
 office. The Secretary shall also collect all monies accruing to 
 the Exchange from members subscriptions, rent of offices, &c., 
 and pay over same daily to the Treasurer ; and for the due 
 fulfilment thereof he shall give a Guarantee Bond in such an 
 amount as may from time to time be ordered by the Coun^^il. 
 
 visitor's rkc.ister. 
 
 liJ. The Secretary shall also keep a book for the registra- 
 tion of strangers, in which any member introducing a stranger 
 shall enter the name and address of the party so introduced, 
 and his own signature; but none others than memV)ers of the 
 Association shall be allowed to transact business on Change. 
 
 FUNCTIONS OF COUNCIL. 
 
 II. The Council of this Association shall have the sole 
 management of all and every the real and immovable property 
 which may now or hereafter be acquiied by the Association, 
 and shall have power to authorize the President, or in his 
 absence the Vice-President, to grant a lease or leases, of all or 
 any of the houses, buildings, or premises of, or belonging to 
 the Association, for such term of years, and for such rent or 
 sum of money, as to the said Council shall appear just and 
 reasonable, and most for the interests of the Association ; and 
 shall also i'»om time to time, when requisite, bargain and con- 
 tract for, and have power to authovize the President, or the 
 Vice-President- to accept a deed of sale, or lease, of all such 
 houses, buildings, or premises, as may be requisite and neces- 
 sary for the prf»secution of the objects of the Association, on 
 such terms, and conditions, and in case of a deed of lease for 
 such period, as the said Council in their discretion shall see fit. 
 
 18. The Council shall conduct all the business of the 
 Association, reporting its proceedings at each Ordinaiy 
 Meetingr. 
 
8 
 
 HI. The Council shall appoint Auditors and other officers, 
 not otherwise provided for, and regulate their salaries and 
 duties when not otherwise defined. They shall fix the salary 
 of the Secretary. 
 
 /iO. The Council shall draw up ])etitions and refer the same 
 to the Association at either a general or special meeting; or, 
 in the event of prompt action being necessary, the Council 
 may petition Parliament direct. They shall, if required by 
 the Association, draw ;ip and forward such petitions as the 
 Association may agree upon at any regular meeting. All 
 j)eticions to be signed by the President or the Vice-President, 
 and countersigned by the Secretary, with the Seal af the 
 Association affixed. 
 
 "41. The Council shall have full power to appoint Com- 
 mittees, who shall report their proceedings to the Council. 
 
 COUNCIL MEETINGS. 
 
 ?J3. Meetings of the Council shall be summoned at any 
 convenient time by the Secretary, at the instance of the Pre- 
 sident, 01', in his absence, by the Vic^-President, or of any 
 three members. 
 
 Four shall be a (juorum. 
 
 Every member of the Council who may have occasion to 
 speak, shall rise and address the (^hair. AH motions shall be 
 made in writing and seconded. No person shall interrupt 
 another while speaking, and all persons who may have once 
 spoken to any motion shall, prior to speaking again, obtaitj 
 permission from tiie Presiding Officer. It shall be lawful, 
 hovvevor, for the Presiding Officer at any period of the meet- 
 ing to announce that the subject is open for conversational 
 discussion, and in such case this rule shall not appl}'. 
 
 Tiie Council shall conduct its meetings as follows : 
 
 If there should be no (piorum within fifteen minutes after 
 the hour fixed for the meeting, the (Council may adjourn. 
 
 The minutes of the last meeting shall be read and e(mfirmed. 
 
 All Reports of Connnittees or other communications shal. 
 he read and orders taken thereon from the President or Pre- 
 siding ()ffi(!er, unless sufficiently important t(> be the subject 
 of a motion. 
 
 All Drafts of ijctters, Petitions and By-laws prepared shall 
 be read. 
 
J> 
 
 to 
 
 be 
 
 upt 
 
 )nc(.! 
 
 in 
 
 ful, 
 
 eet- 
 
 nal 
 
 iftev 
 
 m'«l . 
 
 l.al. 
 
 're- 
 
 ijoct 
 
 hall 
 
 A motion to adjourn sliall be always in order. 
 
 NOTICE TO MEMBERS OF MKETINOS. 
 
 *^3. Annual Meetinofs shall bo advertised twice in each of 
 two of the daily newspa|:ers of the city; and notice thereof 
 shall also be given by circular. Notification by circular, oi* 
 otherwise, shall be sufficient for all general and special meet- 
 
 ings. 
 
 OF EXCHANGE MEETINGS. 
 
 *44. The Annual Meetings of the Exchange shall be held 
 on the second Wednesday of January. 
 
 ?J»>. Regular meetings of the Exchange shall be held 
 on the first and fklrd Wednesdays of each month for the pur- 
 pose of the proposal of and balloting for candidates for mem- 
 bership, and any general business. No other notice of these 
 meetings shall l)e necessary than posting in the Exchange 
 room for twenty-four hours previously. 
 
 *t^. Special Meetings of the Ex».*hange shall be summoned 
 at the instance of the President or the Vice-President, oi" in 
 the absence of both, by a quorum of the Council by an ad- 
 vertisement in two of the daily newspapers published in the 
 city of Winnipeg, or by a circular from the Secretary to each 
 member, the said advertisement to be inserted, or the said 
 notice to be mailed at least two davs before the time of meet- 
 ing. 
 
 At meetings seven shall be a quorum. 
 
 All motions shall be made in writing, and seconded. 
 No debate shall be allowed except on a motion regularly 
 before the Chair. 
 
 The jH'evious (piestion, when moved, must be seconded by 
 at least three mendu-rs. 
 
 The President or Presiding Officer shall be judge of all 
 questions of order. 
 
 At Special Meetings, the subject for which it is calle«l shall 
 take precedence of all others. 
 
 A motion for the rect;))ti()n only of a Petition, Repoit, or 
 other document, does not bind the Association to an appioval 
 of the contents of such petition or «h>cument, but must be 
 uuide before any remarks can be offered upon it. 
 
 The order of business, when not changed by older of the 
 
10 
 
 President or Presiding; Officer, to be observed at all recjular 
 meetings, shall be the following : 
 
 1st. Reading of Minutes of preceding meeting. 
 
 2Qd. Reports of the Secretary and the Treasurer. 
 
 3rd. Reports of Standing Committees. 
 
 4th. Re|7orts of S| 'ial Committees. 
 
 5th. Notices of Motion. 
 
 Gth. I^ntinished Business. 
 
 7th. General Business. 
 
 8th. Election of Officers. 
 
 yth. Election of MemVjeis. 
 
 No proxy votes shall be allowed. 
 
 The President, or other Presiding Officer, shall have the 
 rigl t to vote as a member, and also tc give a casting vote on 
 all cases of equality of votes upon any resolution or election. 
 
 By motion regularly carried, any resolution or ])roposed 
 action may be voted ui)on by ballot, and on any matter allowed 
 to go to an open vote tvr-o members shall be entitled to call 
 for the yeas and nays. 
 
 RKLATINf} TO ELECTION.S. 
 
 /Jl. At the Annual Meeting of the Exchange there shall be 
 elected by ballot a President, Vice-President, Treasurer and 
 Secretary' and eleven other members, who with the President, 
 Vice-President, Treasurer and Secretary shall form the Coun- 
 cil, and also a Board of Arbitrators mimbeiini; seven shall be 
 elected by ballot. A plurality of votes to constitute ni each 
 case a choice. The President, Vice-President, Treasurer and 
 Secretaiy shall be elected by separate ballots and the ('ouncil 
 by ageneial ballot; the Board of Arbitration also by a gene- 
 ral ballot. 
 
 *iH. In electing members the vote shall be taken by ballot, 
 and the voting to proceed only on such names as may have 
 been previously proposed and seconded in writing. 
 
 liESI'K(TIN(J .MUIITHATIONS. 
 
 m^. All (jiu'stions of disputes or niisunderstMndings which 
 may arise between members of tlie I'^xehiinge may be sub- 
 mitte(l for settlement to the |-$oju-(l of Arbitrntors, at the re- 
 (picst of one or both parties made in writing, addressed to the 
 Preside' 't or Secretary of the lixchange. 
 
u 
 
 licl) 
 ft'- 
 
 
 my Should either party in the dispute - refuses to suhinit to 
 arbitration, the case shall be referred in writinir to the 
 Council of the Exchange, by the party deeming himself ag- 
 grieved, who shall produce evidence to the satisfaction of 
 such Council, that he has just grounds for his com])laint, when 
 the Council shall require l)oth parties to submit theii- difficulty 
 or misunderstanding to the Board of Arbitrators. 
 
 J{|. If, after such decision has been given by the Council, 
 the defendant in such case shall still continue to refuse to sub- 
 mit his case to the Board of Arbitrators for their decision, 
 such determination on his or their jiart, shall be considered a 
 flagrant breach oi the Constitution and By-Laws (jf this Ex- 
 change, and shall be deemed sufficient grounds for suspension 
 or expulsion from the Exchange : Provided always, that such 
 expulsion shall be decided on after the decision of the Council 
 shall have been submitted to a general meeting of tlie Ex- 
 change, and the same agreed to by a two-thirds vt)te of all 
 the members present — due notice having been first given to 
 the party or parties that such meeting will l)e held, when an 
 opportunity will be given them of being heard, either in per- 
 son or hy counsel. 
 
 IVZ. It shall be the duty of the Secretary, imiiu'diately after 
 the Exchange has passed a resolution for the expulsion of any 
 nuMuber, to inform such member of their decision, in writing, 
 and forward to him at the same time a copy of said resolution, 
 and also to take the necessary steps to prevent such m«'mber 
 from partaking in any way of the privileges of the Exchange. 
 
 lili. If at any time, for good and sufficient i-easons, it may 
 be deemed advisable to re-instate a mendx'i" who has been e.\- 
 pelled, it may be competent to do so, provided always, that 
 the same be (h'cided on by resolution of a two-tiiirds vote of 
 a gener. ' met'fing of the Exehiinge. 
 
 J14. An e(|ual nundu-r of Arl>itrators shall be nominMte<l by 
 the several parties in a dispute, and tlu' said j)arti('s may 
 either Mgire to mipowrr the Arbitrjitoi's named by them to 
 call in the assistimee of an ITinpirr iti the <'\'ent of a tie, or 
 agree upon an I'mpii*' tlicmselvrs before the case is considered. 
 I'arties in a dispute desirous of having Aibitiators named by 
 others, nuist assume the nominations of such as their own. 
 
 lia. Parties in dispute availing themselves of the arbitra- 
 tion powers granted by the Exchange Agreement must com- 
 
12 
 
 municate with the Secretary, sign the act of submismon in 
 (hie t'oriii before liini, therein name the Arbitrators, and insert 
 a clear statement of the case. 
 
 ;JC The fees for arbitration under tlie sanction of the Ex- 
 change shall be as follows : — 
 
 For each award under $ 250 $ 6 00 
 
 from S* 250 to .s 500 10 00 
 
 500 u 1,000 12 00 
 
 1,000 n 1,500 18 00 
 
 1,500 M 2,500 25 00 
 
 2,500 M 5,000 50 00 
 
 n It II 5,000 and upwards 50 00 
 
 tJl, For matters not involving pecuniary transactions, the 
 fees to be charged in proportion to the time and trouble, and 
 referred, if oliected to, to the Council, and on cause being 
 shown to the satisfaction of the Council, the fees of the Arbi- 
 trators may be increased or decreased as may seem to them 
 just and reasonable. 
 
 38. The Secretary, upon receiving the award from the 
 Arl)itrators, shall notify the parties who may have a matter 
 under arbitration, of the amount of the fees ; and on receipt 
 of the same, the award will be delivered to them. 
 
 IMK These fees shall be paid to the Secretary for the beneiit 
 of the sitting members as Arl)itrators, and in addition, the 
 Secretary shall be entitled to $2 for each case submitted. 
 
 ALTEIIATKJN OF RV-LAWS. 
 
 40. The By-Laws of this Association may be altered or 
 ann'nded at any general meeting, on notice to that ett'ect hav- 
 ing boon given at a previous general meeting. 
 
 

 ' 
 
 13 
 
 FORMS. 
 
 FORM A. 
 
 of 
 having a difference 
 
 TERMS OF SUBMISSION 
 
 Know all men that we 
 and of 
 
 as to our rights in a ease touching have 
 
 agreed and bound ourselves to abide by and perform the award 
 to be made under the agreement entered into by members of 
 this Association and amending By-laws, and we hereby agree 
 to submit our said differences and all matters connected there- 
 with; 
 
 To the Arbitratois appointed under the authority of the 
 said agreement (or To named by the 
 
 said and to named by the said 
 
 with power to the said Arbitrators, to name 
 a tliird.) 
 
 And we agree that the said award of the said Arbitrators, 
 or of a majority of them, under tlie said agreement shall be 
 final and conclusive to all intents and purposes between us; 
 and we agree to pay such costs, fees and expenses as may be 
 ilirected by such award. 
 
 In witness wliereof we have hereunto set our hands and seals, 
 at this day of ItS 
 
 Signed, sealed and delivered in the presence of 
 
 FORM OF oath TO HE 
 
 I. 
 
 C. D. 
 
 FORM B.— (1) 
 
 taken by members of thk board of 
 arbitrators. 
 
 solemnly swear, that 1 will faithfully, 
 
 impartially, and diligently perform my duty as a Member of 
 the Board of Arbitration of the Winnipeg Grain and Produce 
 Exchan<j^e, and that I will, in all ca.ses in which I shall act as 
 Arbitrator, give a true and just award, according to the best 
 of my ju Igment and ability, without fear, favor, or affection 
 of, or for any party or person whomsoever: So help me (Jod. 
 
 CD. 
 
 Sworn before me this day \ 
 
 of A.D. 18 . j 
 
14 
 FORM B.— (2) 
 
 FORM OF OATH TO BK TAKEN BY ARBITRATOKS WHEN NAMED BY 
 
 THE PARTIES. 
 
 I, solemnly swear that 1 will faithfully, 
 
 diligently, and impartiall}'' peiform my duty as Arbitrator, and 
 I will in the case, between ^.nd 
 
 now submitted to me, give a true and ju't Award, according 
 to the best of my judgment and ability, without fear, favour, 
 or affection, of or for any party or person whomsoever : So 
 help me God. 
 
 [litis Oath to he taken before any Justine of the Peace or 
 any Cotnmist^ioner a/ppointed to receive Ajffidavits in the 
 Sihperior Courts.] 
 
 FORM C. 
 
 FORM OF OATH — WITNESSES. 
 
 I, solemnly swear that I will tiue 
 
 answer make to all such questions as shall ba asked of me as 
 a witness under examination in this case, between 
 
 and and therein I will to the best of my 
 
 knowledge, information and belief, speak the truth, the whole 
 truth, and nothing but the truth. So help me God. 
 
 FORM D. 
 
 FORM OF THE OATH TO J{E TAKEN BY THE MEMBERS OF THE 
 
 COUNCIL. 
 
 I, A. B. solemnl}' swear that I will faith- 
 
 fully and truly perform my duty as a Member of the Council 
 of the Winnipeg Grain and Produce Exchange, and that I will 
 in all matters connected with the discharge of such duty, do 
 all such things, and such things only, as I shall truly and con- 
 scientiously believe to be adapted to promote the object foi* 
 which the said Exchange was constituted, according to the 
 true intent and meaning of the agreement constituting the 
 same : So help me God. 
 
 A. B. 
 Sworn before me this ' davl 
 
 of A.D. 18 . / 
 
15 
 FORM E. 
 
 Office of the 
 WiNNrPEG Grain and Produce Exchange. 
 
 Dear Sir, 
 
 I beg to inform you that you are indebted to the Treasurer 
 of the Winnipe.or Grain and Produce Exchange in the sum of 
 $ . which amount covers your liability in respect of an- 
 
 nual contributions as member of the Exchange up to the close 
 of the year (IS ), and you are hereby respectfully requesteJ 
 to transmit the same to the Treasurer within three davs of 
 the above date. 
 
 I am, dear sir, 
 
 Respectfully yours, 
 
 Secretary. 
 [For the convenience of members, payments may be made to the 
 secretary, at the office of the Exchange The attention of members is 
 directed to the By-Laws which define the terms of subscription, and the 
 penalties for non observance of the same.] 
 
 FORM F. 
 
 Office <»f the 
 Winnipeg Grain and Produce Exchange, 
 
 To 1« 
 
 You are hereby notified to pay the sum of $ , being 
 
 the amount due by you for annual contributions as member of 
 this Exchange, within twenty days from the above date, un- 
 der penalty of exclusion from membership. 
 
 For terms of subsciiption and otherwise, see By-Laws. 
 
 Serrefarij. 
 
 THE end. 
 
16 
 
 RULES AND REGULATIONS 
 
 FOR — 
 
 Tlie SoYemiDent of the fell Board. 
 
 (Adopted. Octolwr ISth, 18H8.) 
 
 1. At the first meeting of the Council immediately after 
 their election, the President shall, subject to their approval, 
 appoint a committee of five to be named the Call Board Com- 
 mittee. 
 
 *'Z. The Call Board Committee shall elect the Caller, and 
 a member of the Committee shall act as Chairinan at all 
 business sessions, maintain order, and enforce the rules 
 governing transactions. 
 
 3. The Committee shall provide for the recording of the 
 transactions as they occur. 
 
 4. Every sale shall vacate a previous bid or offei". 
 
 5. All offers to buy or sell shall be binding, and 
 and offers remain in full force until the close of the 
 that particular grade. 
 
 all bids 
 Call on 
 
 ft. All sales shall be considered as strictly F. O. C. unless 
 otherwise specified at time of sale, and shall be subject to all 
 rules and regulations already laid down in the by-laws of the 
 Association. 
 
 H. No offer or bid shall be accepted by the Caller unless 
 distinctly called out. 
 
 8. All offers to buy or sell shall be made for some specified 
 amount, and when no amount is named it shall be considered 
 for one Car of Grain, Flour, Meal, Feed, or other produce; 
 offers or bids for less amounts shall be considered out of order. 
 
 0. In no case shall any liability attach to the Caller or 
 Association for any error mi giving the name of buyer or 
 seller. 
 
IT 
 
 10. Whenever tliero is a disputod claim for the purchase 
 and sale of property, the Caller shall decide the same on the 
 spot, subject to an appeal to the members in session. 
 
 The appeal must be promptly taken and a majority of the 
 members present, and voting, shall settle the disputed point 
 finally. 
 
 11. Whenever a dispute arises between niembers as to 
 quant'ties or prices of articles sold, the record shall be in all 
 cases taken as correct. This rule, however, is not to be con- 
 struoJ as binding upon parties whose names appear upon the 
 record, but who can show that they were not present at the 
 time the transaction was recorded. 
 
 1/4, Before closing the Call, the Caller shall read out all 
 transactions, giving the names of both buyer and seller. 
 
 IS. The Caller shall proceed by calling, unless otherwise 
 instructed by the Call Board Committee, in the following 
 rotation: — 
 
 Flour, according to grades. 
 
 Bran, 
 
 Spring Wheat " " 
 
 Barley, " " 
 
 Pease, 
 
 Oats, 
 
 Oatmeal, 
 
 Corn, 
 
 %e. 
 And any other product that may be required by any mem- 
 ber of the Board, on their giving notice to the Chaiiman or 
 Caller before the Call Board commences. 
 
 14. At the Call Board there shall be no trading except 
 through the Caller, and any person so trading outside of the 
 Caller shful be fined one dollai- on each trade, the design being 
 to fine both parties to the trade for every infraction of this 
 rule. 
 
 15. Talking in a loud tone, so as to distract attention, or 
 any noisy conduct, shall be utterly prohibited, and a fine of 
 one dollar shall be imposed for a violation of this rule, and the 
 Caller is authorized to impose and collect all such fines and 
 pay them to the Seciet'iry, and to be accountetl for, by him, 
 to the Association. 
 
18 
 
 10. A daily Call shall be held at 3.30 p.m. unless otherwise 
 directed by the Call Board Committee. 
 
 » ♦ ♦ 
 
19 
 
 RULES RELATING TO THE SALE 
 
 OF 
 
 Flour and Srain for Future DeliYery. 
 
 {Adopted 18th October, 1888 ) 
 
 Tliat in future at the Call Board and also during the regular 
 sessions on Change, Flour, Grain and all other produce may 
 be bought and solil for future delivery under the following 
 rules and regulations : — 
 
 1. All sales of Grain shall be understood to be No. 1 Mani- 
 toba Hard grade, and not less than one carload, unless other- 
 wise specified. 
 
 %. All sales of Flour, Feed, Meal or other product shall be 
 understood to be not less than one carload, unless otherwise 
 specified. 
 
 J5. All sales for future delivery (seller's option) shall be F. 
 O. C. Winnipeg, unless otherwise stated, and the seller shall 
 have the right to deliver on any day during the time specified, 
 but nuist give the buyer twenty-four hours' written notice of 
 his intention to deliver. 
 
 4. All sales for futin-e delivery are due an<l deliverable by 
 11.80 a.m. on the last day of the contract unless previously 
 settled. 
 
 5. When a contract shall mature on a Sunday, or a legal 
 holi<lay, delivery on such contract shall be made on the suc- 
 ceeding? business dav. 
 
 0. Both parties to the contract may demand at the time, 
 or subse(j[uently, ten per cent, margin to be deposited and kept 
 
 based on the market value— until the contract has been 
 Margins so called for must be deposited in one 
 of the I'egular chartered banks, to 1k' named by the party 
 calling for margins, within twenty-foui hours after they are 
 called for. 
 
 1. The bank receipt for mai'gins deposited shall be made 
 payable to the buyer and sellia* jointly, and shall require the 
 
 good 
 carried out, 
 
20 
 
 endorsement of both parties to the contract, or an order of 
 the President of the Winnipeg Grain and Produce Exchange, 
 endorsed on either the original or duplicate receipt before the 
 money can be drawn. 
 
 8. If any dispute arise as to market price for margin pur- 
 poses the same shall be referred to the Pi'esident or the Vice- 
 President, whose decision shall be tinal. 
 
 9. The bank so agreed upon shall issue certificates in du- 
 plicate, not transferable, for all such deposits. Said Certifi- 
 cate shall state by whom the deposit was made and for whose 
 security the same is held, that the deposit has been made 
 under the rules of the Winnipeg Crrain and Produce Exchange 
 and is payable upon the return of the certificate or its dupli- 
 cate, duly endorsed by the parties to the contract or contracts, 
 or an order of the President of the Winnipeg Grain and Pro- 
 duce Exchange, as provided by Section 9 of this rule. 
 
 Said certificate shall be in the following form, to wit : 
 
 Original (or) Duplicate. 
 
 Not negotiable or transferable. 
 
 Winnipeg, 18 
 
 has deposited with 
 
 dollars, as margin or security on a contract or 
 contracts between the depositor and which 
 
 amount is payable on the return of the certificate or its du- 
 plicate duly endorsed by both of the above named parties, or 
 on the order of the President of the Winnipeg Grain and 
 Produce Exchange, endorsed on either the original or dupli- 
 cate hereof, as provided by the rules of the said Exchange, 
 under which the above named deposit has been made, 
 
 Cashier. 
 
 10. In case of failure to deposit as above, then the party 
 calling the margin shall have the right to cover his or their 
 contract at tliscretion, for account of the party failing to re- 
 spond to the call for margin. In case of failure of any bank 
 in which such margins shall have been deposited, the loss 
 shall be borne by the party or parties to whom it may be 
 found said margins are due, taking the average price of like 
 deliveries on the day. such bank failed as a basis of settle- 
 ment. 
 
21 
 
 1 1. When notice given to deliver by the seller (seller's op- 
 tion) such notice shall he final and shall be binding on both 
 parties, and the property sold must be delivered. 
 
 1!^. In case any property contracted for delivery be not 
 delivered at maturity of contract, the purchaser shall notify 
 in writing the Secretary of the Exchange of the failure t(j 
 deliver, and such notice shall be read at next Call, an»l tlie 
 President or the Vice-President shall buy in at the Call Board 
 or at any time during the next twenty-four hours at his dis- 
 cretion, after notice of such default has been read for account 
 of the party directing the purchase. 
 
 Any loss to the buyer shall be paid by the party in default, 
 and the property so bought in shall be a good delivery on de- 
 faulted contracts maturing that day. 
 
 In case the president is unable to purchase said property 
 the matter shall be referred to the Call Board Connnittee to 
 determine the market value, whose decision shall be accepted 
 by both parties as a basis for settlement. 
 
 13. In case any property contracted for delivery is not re- 
 ceived and paid for when properly tendered, it shall be the 
 duty of the seller, in order to establish any claim on the pur- 
 chaser, to instruct the President or the Vice-President to sell 
 it at the Call Board at any time during the next twenty-four 
 hours, at his discretion after such default shall have been 
 made, notifying the purchaser of such sale before 6 o'clock 
 p.m. of that day, and any loss resulting to the seller shall be 
 paid by the party on default 
 
 In case the President is unable to sell the property the 
 matter shall be referred to the Call Board Committee to de- 
 termine the market value, whose decision shall be accepted by 
 both parties as a basis for settlement, 
 
 FORM OF CONTRACT. 
 
 Winnipeg, 1(S 
 
 In consideration of one dollar in hand, the receipt of which 
 is hereby acknowledged, have this day sold 
 
 (or l)ought from) bushels of 
 
 Winnipeg inspection, at cents per bushel, 
 
 deliverable at seller's option 18 
 
 This contract is made in view of and in all respects subject 
 to the By-Laws and Rules established by the Winnipeg Grain 
 and Produce Exchange in force at this date. 
 
22 
 
 DEFINITIONS OF TERMS GENERALLY 
 
 IN USE IN BUYING AND SELLING 
 
 Sraii], Flour, Produce and Provisions 
 
 IN THIS MARKET. 
 
 F.O. C. 
 
 All salos made witliout specific conditions, will be considered 
 as strictly free of char^^e (F.O.C.J The seller to be under no 
 obliiiation to furnish convevance. 
 
 F. O. B. 
 
 To be interpreted as Free ox Board Sailing on Steam 
 Vessel or Baikje — such conveyance, unless specially agreed 
 on, to be provided by the buyer; and in case he fails to pro- 
 vide such conveyance within five days after date of sale, he is 
 recpiii'ed to take the property as it lies, free of all shippint; 
 chai'ges, on presentation by the seller of a proper warehouse 
 receipt. During the five days the }>i*operty to be at the sel- 
 ler's risk of fire, but after th' five days have elapsed, to be at 
 the buyer'srisk. When Iteiiigshipped into vessel, to be at buy(U''s 
 risk ; and, if not insured by him, the seller to be at liberty to 
 insure the cargo, and to charge tlu' same to the buyer. The 
 seller to givi' tlie buyer not less than fiv<' days fre<' of storage 
 from date of delivery. 
 
 F. <>. ». (Alts. 
 
 Coopei'agt' of fiour luider this term being always the duty, 
 and at the exj)enst' of the seller. The same to apjily to butter 
 and other cask goods. F.O. B. sim])ly, not to Jipply to sales in 
 vvhich tlie shi))ment is made by railroad ears, when the term 
 will be distinctly F.O.H. Cars, and in this ea.se the .seller has 
 to ])roNide th(> cars, ami receive [)ayment on prest-ntation of 
 original shipping bill, it being undei'stood that due diligence 
 is to be usi' I by seller in obtaining cars, and also that the 
 buyer nuiy, if he wislies. supply cars, but no delay in making 
 delivery which may occur throuuli not n-ettiny; cars, shall en- 
 title eitlu'r buyer or sellei' to cancel the transaction, or to de- 
 mand any reduction in the price, altliougli in the interim 
 ])rices or freight rates may have changed. 
 
2 a 
 
 'S 111 
 
 ■iiii 
 has 
 II of 
 
 tho 
 
 cll- 
 
 ) (U'- 
 lini 
 
 F. (). V. 
 
 These initials mean "FuFE of Charoks." 
 (Heated heinir : 
 
 Tlie cliaroes in- 
 
 (d) All haek char<^es on tlie pi'opei'ty, sueh as I'ailroad 
 freight, shuntiiio- and elevating'. 
 
 (/>) The cun-ent tei'in of storage, the latter hein<j^ acoording' 
 to tlie regfulations of the elevator or warehouse in which th(> 
 pi'operty is placed, except in case of any special arrangement 
 made l»y the seller with the proprietors of such warehouse or 
 elevator, wlu-n the Imyei- is to have the henetit of such ai'- 
 rangement, unless specially pi'ovided for othei wise. The pi'o- 
 pei'ty to he at huyer's risk of tire on <lelivery. The term 
 " Free in stove " to he interpreted as having the same mean- 
 ing as F.O.C. The seller to give the huver not les8 than five 
 days free of storage from elate of delivery. 
 
 IN STOItK. 
 
 This term is to be interpreted as follows: — That the pro- 
 perty and the buyer is subject to any and all charges of 
 Storage and Elevating, which may be said to have been pro- 
 ])erly incurred in the Elevator or Warehouse, but not in any 
 way rendering the buyer liable to any charges, such as fi eight, 
 shunting, or others, which may have been incurred on the 
 sLuti before entering such Warehouse or Elevator. The pro- 
 })erty to be at buyer's risk of tire immediately on delivery. 
 In all sales F. O. C., and in store, where the |)roperty is liabh) 
 to any back charges such as shunting, freight, &c., such 
 charges should be sjieeitie*! by the Warehouseman on the 
 Warehouse Recei))t; and if such be not the case, the seller to 
 satisfy the buyer that such charges are paid, or deduct them 
 from the invoice. 
 
 ON TItAl'K. 
 
 This term to mean the delivery of the |)roperty in the cms 
 of the Railroad, in the yard, or on the track where such cars 
 are ordinarily placed after arrival in the city, or at any station 
 on the line of road where the sale may be made. Tin* pro- 
 perty to be Free of Charges in its then position, and delivery 
 to be mad(! by the Railroad advice note, jtroperly endorsed to 
 buyer, with freight and shunting charges duly receipted 
 thereon. In case such advice note be not r<^ceipted, the 
 freight and (;harges to be deducted from the invoice, unlesH 
 
satisfactory evidence is afforded the buyer that such charges 
 
 are paid. 
 
 Property to be at buyer's risk immediately after delivery 
 
 of order. 
 
 CASH. 
 
 All sales to be for Cash, and payment to be made as fol- 
 lows, on the different terms : 
 
 F. O. B. — On presentation of the Bill of Lading, unless the 
 five days provided for have elapsed, wlien the payment is 
 to be made on presentation of the Warehoiise Receipt or 
 Receipts. 
 
 F. O. C. — Payment to be made on presentation of Warehouse 
 Receipt or Receipts. 
 
 In Store. — Payment to be made on presentation of Ware- 
 house Receipt or Receipts. 
 
 On Track. — Payment to be made on properly endorsed and 
 receipted Railway advice note, except when the property 
 is sulDJect to receivers' weights, when payment is to be made 
 immediately on their being ascertained. 
 
 Payment in all cases to be made before the closing hour of 
 the bank on the day of presentation, unless by special 
 
 agreement. 
 
 DELIVERY. 
 
 Delivery will be considered completed on presentation of 
 proper documents in all cases of sales F. O. B., F. O. C, and in 
 Stor( Vvt any of the )'egular City Warehouses or Elevators 
 duly posted on 'Change, unless otherwise specified at time of 
 sale ; also. On Track, except when buyer is allowed to weigh 
 the pro|)erty, when presentation of the invoice of the ascer- 
 tained weight within the two days allowed shall be suthcient. 
 
 CAll LOADS. 
 
 When Car Loads of Orain, Meal, Feed and other j)roduce 
 are ]nirchased without any specified agreement as to quantity 
 to be loaded in each, it will be undi^rstood that a (.ar-load 
 shall mean not less than the minimum capacity of the car. 
 
 sliH,