China in Law And Commerce

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The rules of the guild organized in the province in which the port of Ningpo is situated declare that the guild has the twofold object of protecting its members against sectional prejudices, to which settlers from distant places are subject, and preventing litigation among its members. These two main objects are made known in the preamble of the guild in the following words : " For a century no prov- ince has been without Ningpoese residents. Ningpo is a maritime region. Those of its people who... cannot find employment as agriculturists resort to other places for trade. Here at Wenchow we find ourselves isolated, mountains and seas separate us from Ningpo, and when in trade we excite envy on the part of Wenchowese, and GUILDS 207 suffer insult and injury, we have no adequate redress. Mercantile firms, each caring only for itself, experience disgrace and loss the natural outcome of isolated and individual resistance. It is this which imposes on us the duty of establishing a guild. " Of course the regulations of a guild are to promote the objects for which it was organized, as each guild has its own particular business.

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