IES
losure
232
pressing for the abolition of extra-territoriality and before
it will be safe to consont. Yo can only home then to avoid
tromle in our law is adjusted with sore inculty to the needs
of the time.
sit wwther you decide in favor of a shanghai Registrar
under the orders or the "inister, or of an Agent deputed by the
Registrar in London, or of an Agent of the Rongkong Government,
I crave leave strongly to recommend legislation in the sanee
of Hongtap Ünumane No. of 1801, of which I enclose a copy,
requiring the numbers of the shared to be iron in all forward
share contracts. Tat Ortimao) 120 pasood 16 omoequence of
a ware of speculation in Hongkong very similar to that wo
passed through here a.. the carly monthe or 1910 with infinite
damage to carr oœmercial good rrwo wong the Chingga
The
Ordinanc) mu worked well in mongour and has reduced share
opsculation thero to reasonable Limits.
In this connection I cralose a recent judgment of this
mune.
Cotart
att V.
elloh shove the froublont system or
stare broking which Maa existed here for years, in spite of
the reposted demuciations of this Court. The stonk xolange
hore professes now to be putting its house in order, but I
believe the old pokutladous spoten will be ravived as soon as
confidence