(
Enclosure 2.
ATTORNEY GENERAL'S CHAMBERS.
28152
RECP 171
GP 23 AUG 09,
Hongkong, 19th July, 1909
Report on Ordinance No. 20 of 1909
I have examined the accompanying Ordinance, entitled "An Ordinance to amend the Companies (Local Registers) Ordinance, 1907" and I am of opinion that the Ordinance is one which is not contrary to the Governor's Instructions.
This Ordinance transfers the licensing of companies from the Governor-in-Council to the Registrar of Companies, thereby avoiding the necessity for referring applications for licences to the Executive Council, and facilitating and expediting the issuing of such licences.
The licence is to be valid only until the 31st day of December next following the date on which it is issued. Provision is made for charging a proportionate part only of the annual fee.