(1) An application for grant of a duplicate receipt, if the original is lost or destroyed shall be made by the depositor to the Warehouseman and shall be accompanied by-
(a) an affidavit showing that the applicant is lawfully entitled to the possession of the original receipt, that he has not negotiated or assigned it, the circumstances in which the original receipt was lost or destroyed, and if lost, that diligent efforts had been made to find the receipt without success;
(b) a bond for an amount equal to double the value of the goods represented by the original receipts ; and
(c) a sum of rupees five.
(2) On receipt of the application under sub-rule (1) the fact that the receipt is lost, destroyed shall be notified by the Warehouseman once at least in local news papers giving one week's clear notice of the issue of a duplicate thereof.
(3) After the expiry of the period referred to in sub- rule (2), a duplicate receipt shall be issued by the Warehouseman. Such duplicate receipt shall be stamped "Duplicate'
(4) After a duplicate receipt has been issued, the original receipt, if produced, shall not be acted upon.
(5) The cost of publication of notification in the local news paper shall be met by the person who lost the Warehouse receipt.
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