284
stal's trust
R. 23.
53%.
are incorporated there and are obliged to make certain
returns to the Colonial Hegistrar of Companies.
The Capita 1
is for the most part subscribed outside of vongkong, the
business lies entirely outside of "ongkong, the Company has
so far I am aware no property there, and all that the
Colonial authorities have any right to expect in the sway
of revenue
from such companies la the fee payable on
registration.
Secondly the Knollɛh Courts have held as
regards à person aying in Shane al with an English domicile
*het him personal estate is lishle to legacy duty in
En-land. This decision seems to negative the possibility
of the same personal satste heire Fongkong apocte. Under
the China and Corea Order in Council there shares we
!
chargeable with duty as Thanchai necets upon a scale fixed
under Section 119 of the China and "oren Order in council
1904 but there is not really a double charge, duty if tɛles
paid being refunded by the Revenue authorities in England
or Shanghai.
Thirdly it is the fact that for a great many
years no duty has ever been claimed in Hongkong on shares
such as those of the Ose Company except possibly in the
case of persone dying domiciled within the colony and this
is