273
Io this Colony of the Statute (roich
certain modifications indicated is
the laws paragraph of this lecter) which provides for the establishment go Public Companies and Corporations, "now the principle of Limited Fraterity of Thareholdin
The advantages derived during feur years from the provisions
the lass Lew
of this Act in England,
as a means
of developing works of public utility, de nor require to be enlarged
and the Committer are
ow,
ogriniow
that the time has now arrived whew
similar protection to Individuals,
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if notended to this Colony, would
be the
be the mean
of promoting
undertakings, not
enter
opew to private
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erprise, and which, cocert under
the provisions of a Limited Liability Ordinance, would fail to meer with suppo15
The Committee are however desirous of expressing their grinion
that such an Ordinance should,
as
• regards the registration of any
existing or futive Companies, be
optional and not
not compu
compulsory.
I have, yo,
(Right) Alev Turing,
Chaimard.
(True Corry)
Colonial Secretary.