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    "id": 831047,
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    "content": "Hon. Speaker, as I conclude, I just want to take you through how the warehouse receipt system works. The depositor takes commodities to the warehouse. The operator assesses the commodities that have been brought to the warehouse; depositors pay storage fees or a consideration for the commodity that has been brought; the warehouse operator guarantees delivery of the commodity described on the receipt; the buyer receives the commodity in the quality and quantity indicated on the receipt and then you are issued with a receipt which is transferrable. This receipt can be traded just like any other instruments which are traded in the capital markets in order to help farmers meet their short-term obligations. The warehouse receipt system is long overdue. It will help the farmer to mitigate the price fluctuation and reduce post-harvest loss. I beseech this House to support and endorse this Bill. With those few remarks, I second."
}