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(beng12}
Memorandum on the Draft Order-in-Council.
84
The term "Hongkong Company" seems to have been
chosen a little unhappily. There is no objection to
it from the point of view of the Supreme Court for
China, but there is from the point of view of
Hongkong. The natural meaning of "Hongkong Company"
so far as Hongkong is concerned would be either
(a) all companies incorporated in Hongkong; or (b) all companies incorporated in Hongkong other
than China Companies.
The Order-in-Council however applies the term to only
a portion of the second class, 1.8. to Companies
incorporated in Hongkong, which carry on part of their
business in China but are controlled from Hongkong.
It thus leaves us without a name for companies in-
corporated in Hongkong, which carry on part of their
business in some place other than Hongkong and China.
On the other hand it includes in the term "Hongkong
Company Companies which are not incorporated in
Hongkong at all, i.8. Companies incorporated in
China and registered from the outset at Shanghai,
|_
provided
I
...