DELIVERY ORDER. An order addressed to a railway company, shipping company, (lock company, or superintendent of ware houses, to deliver certain goods to the person named therein. Such orders are sometimes sent to a bank from a correspondent to be handed over to the right party on payment of the sum named. In some cases a cash order is attached to the delivery order, and on payment of the cash order, the delivery order is given to the person entitled to it.
The following is a form of letter from a bank sending a delivery order to another bank :— the actual owners and had only a modified ownership in the goods. The bank could have sent a representative with the delivery order to the docks and obtained the goods, or a dock warrant in exchange for the order. The bank, however, merely lodged it at the company's London office with a request for dock warrants to be made out as soon as possible. In the meantime a third party,
without notice of the bank's claim, had obtained a second delivery order, and had taken it direct to the dock's office and obtained a dock warrant (that is, a receipt by the dock company stating that the goods were entered in his name in their books). It was held that " there is no delivery or constructive possession until the delivery order gets clown to the docks, and is recog nised by an entry in the dock books." The memorandum of deposit which is given when delivery orders or warrants for goods are deposited as security is usually stamped with a duty of sixpence.
Section 5 of the Finance Act, 1905, enacts that the stamp duty on a delivery order charged by the Stamp Act, 1891, shall cease to be chargeable. (See FACTORS ACT, WARRANT FOR GOODS.)