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***: _8_APR 14,
BOARD OF TRADE,
23rd March, 1914.
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I am directed by the Board of Trade to refer to
your letter of the 5th March transmitting copies of
two drafts of King's Regulations to control dealing ·
in companies' shares by British subjects in China,
together with correspondence on the subject, and in
reply I am to say that so far as the drafting of the
proposed Regulation is concerned the Board prefer the
draft which has been prepared on the instructions of
Sir E. Grey to the draft prepared by Acting Judge
Bourne. The latter draft contains a provision that
a contract shall be unenforceable "any practice or
custom of trade or of any Stock Exchange notwithstanding"
and some such provision would appear to be desirable in
order to make the Regulation effective. The Board of
Trade, as at present advised, are also disposed to
concur in the suggestion contained in the letter from
the China Association of the 24th February that the
words
Under Secretary of State,
Foreign Office.
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