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"frequent in such places, but there is no provision "for keeping local registers of members, and it is "expedient that such provisions as this Ordinances "containa be made in that behalf”,
That Ordinance has since been amended by
Ordinance 20 of 1909, and these Ordinances enable & Company
registered at Hongkong to keep in any place in which it trans- -acts business a register of mambers, subject to satisfying the Register of Companies that a principal part of the business of
the Company is carried on "at or near the placo" where it
desires to keep such register.
rar
Hitherto great doubt had existed as to the
legality of a practice which had become prevalent in Shanghai
of keeping local registers of shareholders. The existence of
these Ordinances are referred to by the chief Justice in his
judgment * He says "Furthermore the Government of Hongkong
has recognised the practice, (1.*. of Shanghai Companies
registering here?) and has facilitated it by passing certain
Ordinances dealing with local registers".
Now as I have pointed out it has been al-
-ready decided that the Government should permit Companies
carrying on business in the Treaty Ports to register here, and
to refuse them would mean a substantial less of revenue be the
Colony, and the question now arises as to the practical methods
of carrying into effect the aggestions contained in the Judgment,
Txiỵ This question is one which in my
سال
●pinion should receive the consideration of the Home Authoriti»
-as and I submit that it will be unwise to proceed with the
Companies Consolidation Bill now before the Council until it
has received their mature consideration.
The Bill may be amended in the first place
by inserting express words providing that a company carrying on
business in a Treaty Port may be registered. Clause 3 may be
amended by adding certain words thus:-
3. Any seven or more persons (or where the Company