824:
38:
1206:
The several denominations of the
Company's servants in India were, writers, factors, junior merchants, and senior merchants: the business of the writers was that of clerking . In the capacity of writers they remained during five years. The first promotion was to the rank of factor; the next to that
752:
Before the 20th century, factors were mercantile intermediaries whose main functions were warehousing and selling consigned goods, accounting to principals for the proceeds, guaranteeing buyers' credit, and sometimes making cash advances to principals prior to the sale of the goods. Their services
1100:
Section 1(1) of the
Factors Act 1889 defines a mercantile agent as "a mercantile agent having in the customary course of his business as such agent authority either to sell goods, or to consign goods for the purpose of sale, or to buy goods, or to raise money on the security of
928:
In territories without any other regular authorities, especially if in need of defence, the company could mandate its factor to perform the functions of a governor, theoretically under authority of a higher echelon, including command of a small garrison. For example,
793:
and the
British East India Company based factors at trading posts in numerous sites all over Asia. In 18th- and early 19th-century China and Japan, however, the governments limited European traders to small, defined areas: the Dutch Factory was allowed to operate on
717:, but factors are also used to a great extent in the shoe, furniture, hardware, and other industries. The number of trade areas in which factors operate has increased. In the United Kingdom, most factors fall within the definition of a
585:
786:
years. In the deed poll under which the HBC was governed, there were 25 chief factors and 28 chief traders. Chief factors usually held high administrative positions.
596:
604:
762:
782:
in 1821, had commissioned officers who included the ranks of chief trader and chief factor. They all shared the profits of the company during its
552:
753:
were of particular value in foreign trade, and factors became important figures in the great period of colonial exploration and development.
477:
107:
225:
1270:
661:
635:
590:
896:
868:
625:
580:
546:
427:
915:
1255:
875:
853:
937:, was from 1603 to 1682 a trading post established by the East India Company and run by a series of chief factors.
630:
845:
75:
849:
882:
1250:
729:
over the consigned goods that covers any claims against the principal arising out of the factor's activity.
798:, an island off Nagasaki, before the opening of trade with Japan; and in China the British were limited to
864:
654:
1275:
953:
691:
541:
467:
940:
The term and its compounds are also used to render equivalent positions in other languages, such as:
767:
A relatively large mercantile company could have a hierarchy including several grades of factor. The
683:
350:
949:
834:
790:
563:
279:
1043:
838:
775:
66:
1035:
741:
647:
1135:
982:
A debt factor, whether a person or firm (factoring company), accepts as assignee book debts (
440:
294:
510:
256:
59:
1038:(1816-07-25 – 1882-01-03) was a Chief Factor who became superintendent of the west-of-the-
889:
8:
1265:
987:
983:
718:
710:, but a commission merchant sells goods not in their possession on the basis of samples.
203:
1260:
799:
779:
768:
319:
188:
119:
771:
hierarchy ranked "factors" between "writers" (junior clerks) and "junior merchants".
609:
526:
415:
360:
215:
170:
124:
52:
1222:. Berkeley and Los Angeles: University of California Press. Retrieved 13 April 2022
1047:
1007:
714:
699:
570:
377:
235:
220:
177:
102:
86:
1191:
1039:
690:
transacting business that operates in their own name and does not disclose their
536:
505:
450:
445:
405:
198:
1015:
803:
703:
434:
370:
365:
284:
193:
160:
1244:
1235:
1071:
1065:
736:, "he/she/it does/makes". Historically, a factor had their seat at a sort of
531:
343:
309:
274:
269:
165:
150:
112:
81:
29:
1207:
of junior merchant; in each of which the period of service was three years.
1076:
973:
of
American Indians), e.g. in the Dutch factory on Dejima, mentioned above.
966:
737:
575:
260:
143:
138:
20:
1060:
707:
422:
299:
289:
245:
1187:
1011:
961:
472:
183:
155:
19:"Chief factor" redirects here. For chief factors in group theory, see
1081:
999:
807:
687:
489:
462:
457:
382:
325:
304:
240:
208:
823:
783:
725:, and therefore have the powers of such. A factor has a possessory
695:
1003:
389:
355:
333:
314:
37:
970:
930:
795:
482:
230:
702:
of goods (or documents of title representing goods, such as a
679:
133:
128:
1050:
in North
America, areas now in the United States and Canada.
1236:
WorldStatesmen, for
Vietnam; see also under other countries
934:
726:
338:
1196:. Vol. 3 (4 ed.). London: J. Madden. p. 23
1164:, 5th ed., s.v. "factor" (Oxford: Oxford UP, 2003), 196.
1125:, 2nd ed. (London: Kluwer Law International, 1998), 103.
732:
The term derives from the Latin for "doer, maker", from
986:) as security for short-term loans; this is known as
1220:
Hudson's Bay
Company As an Imperial Factor 1821–1869
1026:, or for a partnership that is unable to function.
763:United States Government Fur Trade Factory System
1242:
1175:Encyclopædia Britannica Ultimate Reference Suite
965:(literally 'supreme head'; but also used for a
1151:, 2nd ed., s.v. "factor" (Collins, 2001), 163.
686:, called factorage. A factor is a mercantile
655:
852:. Unsourced material may be challenged and
678:is a type of trader who receives and sells
662:
648:
1177:. Chicago: Encyclopædia Britannica, 2012.
916:Learn how and when to remove this message
778:, as restructured after merging with the
636:London Maritime Arbitrators Association
1243:
1173:Encyclopædia Britannica. "Factoring",
713:Most modern factor business is in the
591:International Convention on Load Lines
756:
694:. A factor differs from a commission
1186:
850:adding citations to reliable sources
817:
1147:W.J. Stewart & Robert Burgess,
1018:(called a tutor) can be appointed (
813:
626:International Maritime Organization
581:Ballast Water Management Convention
547:International Convention on Salvage
428:The captain goes down with the ship
13:
1029:
993:
14:
1287:
1229:
1068:, a broker or commission merchant
1002:, a judicial factor is a kind of
822:
36:
1010:to administer an estate, for a
977:
76:Ordinamenta et consuetudo maris
1271:History of international trade
1212:
1180:
1167:
1154:
1141:
1136:Factors Act 1889, section 1(1)
1128:
1115:
1094:
933:, on the Indonesian island of
1:
1108:
631:Comité Maritime International
597:International Regulations for
553:United Nations Convention on
1193:The History of British India
599:Preventing Collisions at Sea
7:
1218:Galbraith, John S. (1957),
1123:English as a Legal Language
1054:
959:Chief factor for the Dutch
944:Chief factor for the Dutch
618:International organizations
10:
1292:
1160:Elizabeth A. Martin, ed.,
1138:, accessed on 17 July 2024
954:Slave Coast of West Africa
769:British East India Company
760:
747:
542:Maritime Labour Convention
18:
1149:Collins Dictionary of Law
1014:(called a pupil) until a
519:International conventions
1162:Oxford Dictionary of Law
1087:
950:Dutch West India Company
791:Dutch East India Company
564:International piracy law
555:the Law of the Sea
1022:), for a person who is
698:in that a factor takes
586:Anti-fouling Convention
1036:Alexander Grant Dallas
948:, for instance of the
774:In North America the
1256:Hudson's Bay Company
1251:Gubernatorial titles
1046:and the Governor of
1044:Hudson's Bay Company
846:improve this section
776:Hudson's Bay Company
511:Vice admiralty court
257:Contract of carriage
60:Corpus Juris Civilis
1121:Christine Rossini,
1020:factor loco tutoris
984:accounts receivable
865:"Factor" agent
800:Thirteen Factories
780:North West Company
757:Mercantile factors
120:Maritime transport
1276:Sales occupations
1006:appointed by the
926:
925:
918:
900:
672:
671:
610:Athens Convention
576:MARPOL Convention
527:Hague-Visby Rules
416:Freight forwarder
361:Proof of delivery
216:Maritime security
53:Code of Hammurabi
1283:
1223:
1216:
1210:
1209:
1203:
1201:
1184:
1178:
1171:
1165:
1158:
1152:
1145:
1139:
1134:UK Legislation,
1132:
1126:
1119:
1102:
1098:
1008:Court of Session
921:
914:
910:
907:
901:
899:
858:
826:
818:
814:Colonial factors
723:Factors Act 1889
719:mercantile agent
664:
657:
650:
571:SOLAS Convention
558:
423:Captain (Master)
221:Letter of marque
178:Marine insurance
87:Hanseatic League
40:
26:
25:
1291:
1290:
1286:
1285:
1284:
1282:
1281:
1280:
1241:
1240:
1232:
1227:
1226:
1217:
1213:
1199:
1197:
1185:
1181:
1172:
1168:
1159:
1155:
1146:
1142:
1133:
1129:
1120:
1116:
1111:
1106:
1105:
1099:
1095:
1090:
1057:
1042:portion of the
1032:
1030:Notable factors
996:
994:Judicial factor
980:
922:
911:
905:
902:
859:
857:
843:
827:
816:
765:
759:
750:
668:
601:
598:
560:
556:
554:
537:Rotterdam Rules
506:Admiralty court
446:Freight company
437:
199:General average
180:
151:Merchant marine
57:
24:
17:
12:
11:
5:
1289:
1279:
1278:
1273:
1268:
1263:
1258:
1253:
1239:
1238:
1231:
1230:External links
1228:
1225:
1224:
1211:
1179:
1166:
1153:
1140:
1127:
1113:
1112:
1110:
1107:
1104:
1103:
1092:
1091:
1089:
1086:
1085:
1084:
1079:
1074:
1069:
1063:
1056:
1053:
1052:
1051:
1031:
1028:
995:
992:
979:
976:
975:
974:
957:
924:
923:
830:
828:
821:
815:
812:
804:Shamian Island
758:
755:
749:
746:
704:bill of lading
670:
669:
667:
666:
659:
652:
644:
641:
640:
639:
638:
633:
628:
620:
619:
615:
614:
613:
612:
607:
605:SAR Convention
602:
595:
593:
588:
583:
578:
573:
568:
567:
566:
551:
549:
544:
539:
534:
529:
521:
520:
516:
515:
514:
513:
508:
500:
499:
495:
494:
493:
492:
487:
486:
485:
475:
470:
465:
460:
455:
454:
453:
448:
443:
432:
431:
430:
420:
419:
418:
413:
400:
399:
395:
394:
393:
392:
387:
386:
385:
375:
374:
373:
363:
358:
353:
348:
347:
346:
336:
331:
330:
329:
322:
312:
307:
302:
297:
292:
287:
285:Bill of lading
282:
277:
272:
264:
263:
253:
252:
251:
250:
249:
248:
246:Wartime prizes
243:
238:
233:
228:
223:
213:
212:
211:
206:
201:
196:
191:
186:
175:
174:
173:
168:
163:
161:Passenger ship
158:
148:
147:
146:
141:
136:
131:
117:
116:
115:
110:
97:
96:
92:
91:
90:
89:
84:
79:
72:
71:
70:
55:
47:
46:
42:
41:
33:
32:
15:
9:
6:
4:
3:
2:
1288:
1277:
1274:
1272:
1269:
1267:
1264:
1262:
1259:
1257:
1254:
1252:
1249:
1248:
1246:
1237:
1234:
1233:
1221:
1215:
1208:
1195:
1194:
1189:
1183:
1176:
1170:
1163:
1157:
1150:
1144:
1137:
1131:
1124:
1118:
1114:
1097:
1093:
1083:
1080:
1078:
1075:
1073:
1072:Moose Factory
1070:
1067:
1066:Cotton factor
1064:
1062:
1059:
1058:
1049:
1048:Rupert's Land
1045:
1041:
1037:
1034:
1033:
1027:
1025:
1021:
1017:
1013:
1009:
1005:
1001:
991:
989:
985:
972:
968:
964:
963:
958:
955:
951:
947:
943:
942:
941:
938:
936:
932:
920:
917:
909:
898:
895:
891:
888:
884:
881:
877:
874:
870:
867: –
866:
862:
861:Find sources:
855:
851:
847:
841:
840:
836:
831:This section
829:
825:
820:
819:
811:
809:
805:
801:
797:
792:
787:
785:
781:
777:
772:
770:
764:
754:
745:
743:
739:
735:
730:
728:
724:
720:
716:
715:textile field
711:
709:
705:
701:
697:
693:
689:
685:
681:
677:
665:
660:
658:
653:
651:
646:
645:
643:
642:
637:
634:
632:
629:
627:
624:
623:
622:
621:
617:
616:
611:
608:
606:
603:
600:
594:
592:
589:
587:
584:
582:
579:
577:
574:
572:
569:
565:
562:
561:
559:
550:
548:
545:
543:
540:
538:
535:
533:
532:Hamburg Rules
530:
528:
525:
524:
523:
522:
518:
517:
512:
509:
507:
504:
503:
502:
501:
497:
496:
491:
488:
484:
481:
480:
479:
476:
474:
471:
469:
466:
464:
461:
459:
456:
452:
449:
447:
444:
442:
439:
438:
436:
433:
429:
426:
425:
424:
421:
417:
414:
412:
409:
408:
407:
404:
403:
402:
401:
397:
396:
391:
388:
384:
383:International
381:
380:
379:
376:
372:
369:
368:
367:
364:
362:
359:
357:
354:
352:
349:
345:
342:
341:
340:
337:
335:
332:
328:
327:
323:
321:
318:
317:
316:
313:
311:
310:Force majeure
308:
306:
303:
301:
298:
296:
293:
291:
288:
286:
283:
281:
278:
276:
273:
271:
270:Affreightment
268:
267:
266:
265:
262:
258:
255:
254:
247:
244:
242:
239:
237:
234:
232:
229:
227:
224:
222:
219:
218:
217:
214:
210:
207:
205:
204:Seaworthiness
202:
200:
197:
195:
192:
190:
187:
185:
182:
181:
179:
176:
172:
169:
167:
164:
162:
159:
157:
154:
153:
152:
149:
145:
142:
140:
137:
135:
132:
130:
126:
123:
122:
121:
118:
114:
113:Fisheries law
111:
109:
106:
105:
104:
101:
100:
99:
98:
94:
93:
88:
85:
83:
82:Amalfian Laws
80:
78:
77:
73:
69:
68:
64:
63:
62:
61:
56:
54:
51:
50:
49:
48:
44:
43:
39:
35:
34:
31:
30:Admiralty law
28:
27:
22:
16:Type of agent
1219:
1214:
1205:
1198:. Retrieved
1192:
1182:
1174:
1169:
1161:
1156:
1148:
1143:
1130:
1122:
1117:
1096:
1077:York Factory
1023:
1019:
1000:Scottish law
997:
981:
978:Debt factors
967:Tribal Chief
960:
946:oppercommies
945:
939:
927:
912:
903:
893:
886:
879:
872:
860:
844:Please help
832:
788:
773:
766:
751:
738:trading post
733:
731:
722:
712:
675:
673:
410:
356:Packing list
324:
261:Charterparty
171:Registration
144:Shipbuilding
74:
65:
58:
21:Chief series
1188:Mill, James
1061:Beaver Club
740:known as a
708:consignment
498:Judiciaries
300:Consignment
1266:Agency law
1245:Categories
1109:References
962:opperhoofd
876:newspapers
761:See also:
721:under the
700:possession
684:commission
320:Commercial
295:Chartering
209:Total loss
184:Act of God
156:Cargo ship
1261:Fur trade
1190:(1848) .
1082:Comprador
988:factoring
906:July 2024
833:does not
806:areas of
692:principal
688:fiduciary
490:Stevedore
468:Principal
463:Consignor
458:Consignee
441:Charterer
326:Pro forma
305:Demurrage
290:Brokerage
241:Smuggling
236:Pollution
194:Collision
1200:13 April
1055:See also
1016:guardian
784:monopoly
696:merchant
557:(UNCLOS)
351:Manifest
344:Maritime
280:Barratry
166:Mortgage
125:Shipping
95:Features
1101:goods".
1040:Rockies
1024:incapax
1004:trustee
969:, as a
952:on the
890:scholar
854:removed
839:sources
748:History
742:factory
451:Manager
435:Carrier
398:Parties
390:Waybill
366:Salvage
334:Laytime
315:Invoice
139:Freight
108:Illegal
103:Fishing
67:Digesta
45:History
971:Sachem
931:Banten
892:
885:
878:
871:
863:
808:Canton
796:Dejima
676:factor
483:Mutiny
478:Seaman
411:Factor
275:Agency
231:Piracy
1088:Notes
897:JSTOR
883:books
734:facit
706:) on
680:goods
473:Owner
406:Agent
378:Terms
226:Drugs
189:Cargo
134:Cargo
129:Ferry
1202:2022
1012:ward
935:Java
869:news
837:any
835:cite
802:and
789:The
727:lien
339:Lien
998:In
848:by
682:on
371:Law
1247::
1204:.
990:.
810:.
744:.
674:A
956:.
919:)
913:(
908:)
904:(
894:·
887:·
880:·
873:·
856:.
842:.
663:e
656:t
649:v
259:/
127:/
23:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
