— Auction and Auctioneers.
508 Sect.
2.
Statutory Regulations.
Signed catalogue
showing amounts realised.
Sale of cattle in mart.
down name
pawnbroker, the auctioneer must audibly declare the pawnbroker as the purchaser (/). After the sale the auctioneer must within fourteen days deliver to the pawnbroker a signed copy of the catalogue, or of as much as relates to any individual pawnbroker's pledges, showing the amount realised for each pledge, and the pawnbroker must preserve this for
three years at least after the auction (g). If the auctioneer fails to comply with these regulations, he to a fine of £10 {h).
cattle sold.
Penalty.
(l),
bid.
applies (7?i). auctioneer sells cattle at
When an
any mart in a place from which by these Acts returns must be made by a market authority, he must, unless exempted by the Board of Agriculture and Fisheries, make the like returns with respect to the cattle entered, weighed, and sold at the mart, and is subject to the like penalties for false or fraudulent returns (n). Default in complying with these requirements renders the auctioneer or his employer, if he is employed by any person, liable on summary conviction to a fine of £'20, or, if the ofience is continuing, of i 10 a day (o). Sect.
Notification of reserve and of right of vendor to
is liable
1034. Unless exempted by order of the Board of Agriculture and Fisheries, an auctioneer must not sell cattle {i) at any mart where cattle are habitually or periodically sold, unless such facilities for weighing cattle are provided at the mart as are required in the case of a sale of cattle at a market or fair to which the Markets and Fairs (Weighing of Cattle) Act, 1887 (k), or the Markets and Fairs (Weighing of Cattle) Act, 1891
Eeturns of
to a
of the
Sales subject
3.
1035.
When the
a Reserve and Vendor's Right
to
goods
to
Bid.
subject to a reserve price, or when the vendor reserves a right to bid or to employ persons to bid on his behalf, the fact must be notified before the sale, and in a sale of land it must be expressly notified in the particulars and conditions of sale whether the sale is with or without reserve, or sale of land or
is
whether such right to bid is reserved {p). Unless such notification is made (5-), (/) {q)
Pawnbrokers Act, 1872 (35 2 hid., Sched. Y. (8) and (9).
&
36 Yict.
c.
it is
illegal for
93), Sched.
Y.
the vendor
(7).
(h) Ibid., ss. 19, 20, 45. (i)
For definition
1887 (50 to
&
51 Yict.
markets and (k) (l)
(n)
Ibid.
returns (0)
27),
s, 3.
fairs, see title
50 & 51 Yict. 54 & 55 Yict.
(m) Ibid.,
of cattle, see c.
c. c.
Markets and Fairs (Weighing of Cattle) Act, to cattle generally, see title Animals, and as
As
Markets and Fairs.
27. 70.
s. 4.
See
sect.
3 as to returns
and the schedule as
to places
from which
must be made.
Ibid.,
s.
3 (3).
Act, 1867 (30 & 31 Yict. c. 48), s. 5; Sale of (56 & 57 Yict. c. 71), s. 58. to {q) Notification of a reserve price is not in itself a reservation of the right bid {GiUiat v. GilUat (1869), L. E. 9 Eq. 60; Sale of Goods Act, 1893 (56 & 57 Yict. c. 71), s. 58). (p) Sale of
Land by Auction
Goods Act, 1893
