23
which a copy
was enclosed) in which he submitted
the Ordinance for 'the signification of this majesty's
pleasure, gave
enactment of this law, and that the enclosed copy.
of an extract from a report by the Acting brown
Advocate at Shanghai would explain how it
the reasons which had led to the
was
that
a number of companies operating in
the Far East were
of Rongkong might.
issue an annual licence to
a
company whose objects comprised the transaction of
business outside the Colony, empowering such company,
if authorized to do so by its own
regulations,
to
keep in any place outside the Colony, at or near
which a principal part of it's business was carried
on, fand that a register of it's members, and
shares so
registered under the laws
of
little
or no
Rongkong/ although they carried on
business in that Colony.
That it would be observed that the
Ordinance provided that the Governor in Council
registered
in a
local register
were
exempted from Hongkong probate duty and
from stamp transfer duty unless the transfer was executed within the Colony. That provision
was made as to the
e manner in which such
of
local
It
cas