Enclosure
cretary Hongkong Land Investment Company, to Acting Colonial Secretary.
Copy.
Sir,
Hongkong, 28th April, 1890.
22
I am in receipt of your letter of the 18th instant (No.828) informing me that the Officer Administering the Government under the special circumstances of the case is advised to withhold consent to the Land Company's proposed Ordinance for the present and only to assent to the Bill when he is satisfied that every shareholder is willing that the Bill should become law in its present state.
In reply, I am requested by my Directors to send for His Excellency's perusal an extract from p.172 of the Law Times newspaper (a paper of high legal standing) of the 4th January last, containing a verbatim print of the report of the Select Committee appointed by the Imperial Parliament to consider and report under what circumstances, or upon what conditions, if any, private bills altering the terms of the Memoranda of Association of Companies ought to be allowed to pass.
His Excellency will see that the Committee reported that it is expedient that power should be given by a general act to Companies incorporated under the Companies' Acts to alter or extend by special resolution their Memoranda of Association within the limits and subject to the conditions...
To The Honourable
W. M. Deane,
Acting Colonial Secretary,