THE HONGKONG GOVERNMENT GAZETTE, NOVEMBER 29, 1907. 1469
HONGKONG.
No. 16 OF 1907.
An Ordinance to authorize Companies registered under the Companies Ordinance, 1865, to keep local registers of their members outside the Colony.
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F. D. LUGARD,
Governor,
[29th November, 1907.]
WHEREAS nauy companies registered under the Com- panies Ordinance, 1865, carry on business in places outside the Colony and dealings in their shares are frequent in such places, but there is no provision for keeping local registers of members, and it is expedient that such pro- visions as this Ordinance contains be made in that behalf.
Be it enacted by the Governor of Hongkong. with the advice and consent of the Legislative Council thereof, as follows:-
1. This Ordinance may be cited for all purposes as the Short title. Companies (Local Registers) Ordinance, 1907.
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2. The Companies Ordinance, 1865," is hereinafter re- ferred to as The Principal Ordinance”; and the Principal Ordinance and this Ordinance are hereinafter distinguished as and may be cited as "The Companies Ordinances, 1865 and 1907 "; and this Ordinance shall, so far as is consistent with the tenor thereof, be read and construed as one with the Principal Ordinance.
3. In this Ordinance :
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The term 66 company means a company registered under the Companies Ordinance, 1865, and baving a capital divided into shares.
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The term shares" includes stock.
Construction.
Definitions.
Council may license Companies
4.-(1.) The Governor-in-Council may at his discretion Governor-in- issue an annual licence, available for the period of one year from the date thereof, to any company whose objects comprise the transaction of business outside the to keep local Colony, empowering such company, if it is authorized so to registers. do by its regulations as originally framed or as altered by special resolution, to keep in any place it which it transacts business a register or registers of members, pro- vided that a company applying for such a licence must satisfy the Governor-in-Commeil that a principal part of the business of the company is carried on at or near the place where it desires to keep such register.
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