enclosed) in
which
he submits the
Ordnance for the signification of
His pleasure giving the reasons which have
led to the enactment
of
this law, and the
Enclosed copy of
extract from
a
report
by the acting Crown
Advocate at Shanghai
will explain how it
appears
that a
number of
companies operating
in the Far East are
registered under the
laws of Hongkong
although they carry on
little
business
in that Colony.
3. It will be observed
that the Ordinance provides (Article 4)
that the Governor in
Council in Hongkong
may issue
not more than 300
annual licence to
a
company
whose
objects comprise
transaction of
business
outside the Colony,
empowering
such
a
company, if authorized
to do so
by
regulations, to keep in
any place outside the Colony, which
is
near the place where its
principal
business is
carried on,
a
register
of
its members, and
shares so
registered in
such local register are
exempted from Hongkong probate duty and from stamp duty if
the
transfer is
executed within the
Colony. Provision
is
made
as to the
manner in which
such local registers
are
to be kept, and
the Governor in Council
...
DRAFT.
Mr.
Mr.
MINUTE.
Mr. Just.
Mr. Antrobus.
Mr. Cox.
Sir C. Lucas.
Sir F. Hopwood.
Mr. Churchill.
The Earl of Elgin.