that the Ordinance.

60

not ultra vires

has

and that it

been sanctioned

accordingly

2. The suggestion

that the Hongkong

annual

...

in levied only

should

the amount of

shares

the

the local

registry has been

forwarded to

the

Colonial Govt for

consideration.

3. As regards the

last three paragraphs

of your

letter,

I

have to observe that

Hongkong Ordinance

17

only exempts from Hongkong stamp duty,

and that this

sections

40

and

39

...

of the Ordinance of

5 of which

1865

permitting

the

mentioned sections 4(4)&(5)

...

amending

the

Ordinance,

you will do

well to conform

to the numbering of

the

Edition of

the

Laws of Hongkong

published under legislative authority

1901

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