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482
not be forgotten that we don't want to hamper business
In any case it is difficult to legislate without being
oppressive in some cases, whilst by reducing the value
of each share, a holding of ten or twenty shares could
be rendered illusory. Penal legislation seems quite
out of place.
Section 76 (2).
Why is Manager onitted?
person in China, when Companies are very often
"managed" by a secretary and general manager.
He is a very important
However
see definitions.
Section 81.
Insert after "outside the Colony" the words
"elsewhere than in China". Otherwise a China Company
will have to keep & seu in the Colony.
Section 95. proviso.
This ought not to apply to mortgages in China by e
China Company. 95 should apply and particulars should
be filed in Shanghai in duplicate.
Section 97.
Nationality of receivers and managers is provided
for in draft Order-in-Council.
Section