{
409
(33267/11).
to exclude any chance of long delay arising through
applications accepted by him in Shanghai not being ac-
cepted at once in London.
(b) The Supreme Court at Shanghai ought to have
jurisdiction in the winding up of companies registered
in this way through Shanghai.
Sir H. de Sausmarez also stated that the system
of registering companies through Shanghai in the manner
proposed above might quite well be limited to companies
whose shares were fully paid up. This would be a
great advantage, as in the event of a winding up order
being made there would be great difficulty in dealing
with foreign contributories.
As Sir H. de Sausiarez thought that the difficul-
ties of the situation wight be met by some such scheme
aa the above, some unofficial discussion on the matter
has taken place with the Comptroller of the Companies
Department at the Board of Trade.
I am now to ask that the question may be considered
by the Board of Trade as the scheme outlined above ap-
pears to Sir E. Grey the best method yet proposed of
getting