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faith, the court may, if under all the circumstances it considers it just do to do, give relief from any forfeiture or penalty which has been incurred by the applicant, or to which he is, or may be, liable upon such terms as it may think
fit.
(5) The provisions of this article shall not apply to China companies limited by guarantee operating in China at the date of this Order.
'fy dear Payne .
13th April, 1915.
On the 17th of January you wrote to me on the subject of our old friend the China Companies Order
in Council.
Your letter dealt with two points, corpanies limited by guarantee, ani a mw terr for Hong Kong Company. I agree as to Tong Tong China Company; the phrase is long and unsatisfactory, but noborty seems to be able to suggest a better, and therefore I think we had botter agree to its substitution for
Hong Kong Company.
"ith regard to companies limited by guarantee
I do not imagine that we shall persuade the Shanghai people to abandon their atto pts to have the ratter dealt with in the Order in Council, and unless we give
under way they will be persistently advocating it:
the circuretances I think we rust endeavour to provide for them. I do not like your sugestion of adding
A
to