4037

merchants in China utterly ignorant

of the exxistence and effect of the Ordinance, and out of reach of the means which it provides for

ascertaining

the

financial condition

of such Companies. Those evil

consequences

al

are not unlikely to result; looking the experience of Limited Liability in England; they would soon shave the

large confidence which native merchants have hitherto re

reposed

in our commercial

integrity; they would lead to interminable litigation in the mised tribunals provided for the secelement · of clarins betiveen the British and Chinese in the Treaty Ports, and possibly to diplomatie interferenc

EX

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