CO 11675
X
it appears desirable that these companies should not
be allowed to be incorporated as companies limited
by guarantee or as unlimited companies.
Sir H. de Sausmarez suggested in his despatch
of the 15th January 1912 that the analogy of England
and Scotland should be followed in applying the pro-
visions of the Hongkong Ordinance to Shanghai companies,
(15b66)
2).
but I am to point out that none of the winding-up
provisions of the Companies (Winding-up) Act, 1890,
(which were incorporated in the Companies (Consolida-
tion) Act, 1908) apply to Scotland. These provisions
are included in the Hongkong Ordinance, and there
seems to be no reason why they should not be applied
to Shanghai companies.
i
Paraphrase of Telegram from Sir H. de Sausmarez, Shanghai,
200
dated April 18th, 1912.
I have received a copy of a despatch dated March 13th
from the Board of Trade.
Objection is felt by Government of Hongkong to a
branch register being established, and to anything more than
the bringing of China companies under the co-ordinate
The second objection is jurisdiction of Shanghai Court.
open to discussion, but the first is vital.
Please inform me by telegraph, as the matter is pressing,
whether Hong Kong could be instructed to give way regarding
register.
Subject to these observations, it appears to
the Board of Trade that the proposed scheme is prac-
ticable, and I am to forward a memorandum dealing
with other points on which some alteration of the
Hongkong Ordinance in its application to Shanghai
companies appears to be necessary in order to give
effect to the proposal.
I have &c.,
(Signed)
R.C. Heron Maxwell.