1
=
T
(13619/13).
439
C.
12.
Sir E.Grey is strongly of opinion that the
registered office of a China company should be in China.
13. The proposal that the shares issued by China
companies must bear on their face a statement that they
separate clase:
are issued subject to the terms of the Order in Council
does not appear practicable. From the point of view
of Hongkong legislation China companies will not form a
but a company registered at Hongkong
must issue its shares in accordance with Hongkong law:
to carry out this proposal therefore Hongkong would have
to pass legislation that would affect or might affect
all companies registered there which intended to carry
on business in China. Hongkong might also very reason-
ably object to providing in her laws that companies re-
gistered in Hongkong were to state on the face of the
shares they issued that the shares were issued in accord-
ance with some other law.
An amendment to Article 13 has been inserted to
provide for the return of certificates of forfelted
shares and for enabling the company to deal with shares
so forfeited. Sir E.Grey cannot concur in the sugges-
tion
: