285
is a matter which seems to require explanation, seeing
that a great number of similar companies have been regla-
tered in Hongkong and that the ahares of recoased share-
holders have been transferred uyon Shane ai grants without
any protest of the tronrkung authorities.
Fourthly the
Hongkong authorities have acquiesced in the establishment
of registers in Shanghai for so long a period that they
have lost any equitable right to interfere or to insist
that Registers must be kept in Hongkong in order to found
a claim to duty on the estates of deceased Thareholders.
The poeltion of the authorities in Shanghai is much simpler.
It conforms to long established practice, and is perfectly
congiete it with the claims of the Revenue authorities in
England against the Shanghai estates of domiciled Frolish-
men.
hut a refund is made in the case of double payment
shows that H. . Supreme Court in the matter o
ہے
collecting
duty is really a Trenah of the English Department of Inland
Revenus.
The Shanchal authorities have hitherto hald that
on the death of British subjent the shares to which he
in entitled on the only existing Revister of the Share-
holders of a Company doing business only within the juris-
diction