WAREHOUSE RECEIPTS. 53

registered letter, addressed to the last known place of busi-
ness or abode of the person to be notified. The notice shall
contain :

(a) An itemized statement of the warehouseman's claim,
showing the sum due at the time of the notice and the date or
dates when it became due;

(b) A brief description of the goods against which the lien
exists;

(c) A demand that the amount of the claim as stated in the
notice, and of such .further claim as shall accrue, shall be
paid on or before a day mentioned, not less than ten days from
the delivery of the notice, if it is personally delivered, or from
the -time when the notice should reach its destination, accord-
ing to the due course of post, if the notice is sent by mail; and

(d) A statement that unless the claim is paid within the
time specified the goods will be advertised for sale and sold by
auction at a specified time and place.

In accordance with the terms of a notice so given, a sale of
the goods by auction may be had to satisfy any valid claim of
the warehouseman for which he has a lien on the goods. The
sale shall be had in the place where the lien was acquired, or,
if such place is manifestly unsuitable for the purpose, at the
nearest suitable place. After the time for the payment of the
claim specified in the notice to the depositor has elapsed, an
advertisement of the sale, describing the goods to be sold and
stating the name of the owner or person on whose account the
goods are held, and the time and place of the sale, shall be
published once a week for two consecutive weeks in a news-
paper published in the place where such sale is to be held. The
sale shall not be held less than fifteen days from the time of
the first publication. If there is no newspaper published in
such place, the advertisement shall be posted at least ten days
before such sale in not less than six conspicuous places therein.

From the proceeds of such sale the warehouseman shall sat-
isfy his lien, including the reasonable charges of notice, ad-
vertisement and sale. The balance, if any, of such, proceeds
shall be held by the warehouseman and delivered on demand
to the person to whom he would have been bound to deliver
or justified in delivering the goods.

At any time before the goods are so sold any person claim-
ing a right of property or possession therein may pay the
warehouseman the amount necessary to satisfy his lien and to
pay the reasonable expenses and liabilities incurred in serving
notices and advertising and preparing for the sale up to the
time of such payment. The warehouseman shall deliver the
goods to the person making such payment if he is a person