STOCK CARDS

stock cards for all equipment possession or issue in organizations shall be prepared by the administrative head of the organization. The idea of "company property" is both stupid and dangerous. That which is "owned by everyone" is actually owned by no one and falls apart. A car is not issued to "Department of Materiel." It is issued to John John, who happens also to be Director of Materiel. When a person is transferred, his possessions are signed for by the person, as a person, who takes over that position. If it exists somebody owns it and has signed for it -And until a new person signs for it the old owner is liable for it regardless of his whereabouts or new post. Until it is signed for initially it is owned by the administrative head and if anything happens to it or it is lost, the administrative head is liable for it. The stock cards should be stiff cards of good size kept in a box that fits them. There is only one card per piece of equipment. The card says where it is and what it is and when bought and has ample area for owning and transferring signatures. (HCO PL 15 Feb 64) Stock Card