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the word "Colony" in the second line of the first proviso to sub-section (1) thereof : (d) by the insertion of the words " or, in the case of a China Company, have been rereived in Shanghai," after the word Colony" in the ninth line of the first proviso to sub-section (1) thereof. (e) by the insertion of the words or where, in the case of a China Company, the mortgage or charge is created within the limits of the Chim Orders-in-Council but. comprises property outside the limits of the Chinu Orters-in-Council after the word "Colony" in the second line of the second proviso to sub-section (1) thereof. (12.) In section 110 by the addition of the follow- Amendment
ing paragraph to sub-section (1) thereof :—
(v.) In the case of any company "on the application of the Registrar
" of Companies or of the Registrar
of Companies at Shanghai."
of section 110.
of section
(13.) In section 113, as amended by section 16 of Amendment
the Companies Amendment Ordinance, 1913— 118. (a) by the deletion of the words "of such" in the twelfth line of sub-section (1) Thereof is printed in the said Companies Amendment Ordinance, 1918;
•
(b) by the repeal of the second proviso to
sub-section (5) thereof;
(e) by the addition at the eml thereof of the
following sub-section :-
*(9.) Sub-section (1) of this section shall "not apply in the case of a Chius Com- "pany,"
(14.) In section 114--
of section
(a.) by the insertion of the words “ , or, in the Amendment
case of a China Company, if the com- 114 pany has branch banks beyond the limits of the consular district wherein such Comm pany has its registered office," after the word "Colony" in the first line of paragraph (a) of sub-section (5) thereof; (2) by the insertion of the words ", or, in the case of a China Company, to the registered office of the company within the limits of the China Orders-in-Council;" after the word “Colony" in the fourth line of para- graph () of sub-section (5) thereof.
192.
(15.) In section 132 by the insertion of the words Amendment
or by the Registrar of Companies, or by the of section Registrar of Companies at Shanghai," after the word "contributories in the fifth line of sub- section (1) thereof.
(16.) In section 141-
Amendment
(a) by re-numbering sub-section (2) as sub-
section (3);
of section 141.
(5.) by inserting a new sub-section (2) therein
us follows:-
(2.) For the purpose of this Ordi- "Race 80 far se it relates to the
"winding up of China Companies or
"
Hongkong China Companies by the
"Supreme Court for China the term
"Official Receiver' shall mean the
&
person appointed in that behalf by
"the Judge of the Supreme Court "for China"
(17.) In section 171 by the substitution of the words Amendment
"its jurisdiction for the words "the Colony " of section
in the third line thereof.
(19.) In section 216 by the insertion of the Amendment
words", within the limits of the China of section Orders-in-Council before any officer of the 216. Supreme Court for China lawfully authorized to take and receive affidavits," after the word "affidavits in the fifth line of sub-section (1) thereof.
(20.) In Table A in the First Schedule by the Amendment
deletion of the words "On a show of hands of Table A.
every member present in persou shall have'
in the first line of Article 50 thereof, and by the substitution therefor of the words, *All business shall be deemed special that is transacted at au".
7-(1) Sections 35, 36 and 37 of the Companies Onli- Sections 35, nance. 1911, shall not apply in the case of China Com- panies.
86 and 87 of Ordinance No. 58 of
1911 not to apply to
China
Compatties.
un Transfers of shares.
(2) An instrument of transfer of a share in a China Stamp duties Company shall be exempt from stamp duty unless execute by the transferor within the Colony.
(3.) No probate duty or estate duty shall be payable Probate and in respect of the share or other interest of a deceased state duty. member of a China Company in such company,
China
(4.) In lieu of the aforesaid duties, an annual fee for each Companic: calendar year at the rate of four cents for each hundred to pay an dollars of the paid up capital of the company shall be paid in annual fr advanco by every Chinn Company to the Colonial Treasurer
of Hongkong on or before the 31st day of January in each year: Provided that where a company is placed on the Register ar Shanghai after the 1st day of January in any given calendar year a proportionate part only of the said fee shall be payable in respect of the period from the date of its being so placed on the Register at Shanghai to the 31st day of December next following.
(5.) If any company hereafter transferred from the Refund of Register in Hongkong to the Register at Shanghai sball local register
licence fee. at the date of such transfer be the holder of an unexpired local register licence under the Companies Ordinance, 1911, n proportionate part of the licence fee in respect of the unexpired portion of the period covered by such licence shall, if previously paid by such company, be refunded to the company by the Colonial Troaster of Hongkong within one month of the raceipt by him of proof to his satisfaction that the fee referred to in the preceding sub-section has been paid to the Registrar of Companies at Shanghai in respect of the period for which the refund is claimed.
(6.) If any company makes default in complying with the provisions of sub-section (4) of this section it shall be liable to a penalty not exceeding fifty dollars for every day during which the default continues, and every director, officer and agent of the company who knowingly or wilfully authorises or permits the default shall be liable to the like penalty.
Penalty.
8. The Companies Amendment Ordinance, 1913, is Amendment
of Ordinance hereby amended as follows:—
(2.) By the repeal of the words "of such" in the
(6) and (c) sa (n) Bud (6) respectively.
fourteenth line of sub-section (a) of section 16 thereof.
(1.) By the repeal of sub-section (a) of section 6 1913. thereof, and by the renaming of sub-sections
No. 22 of
"
171.
(3.) By the repeal of sub-section (e) of section 16
thereof.
ว
(18.) In section 178 by the addition of the words Amendment
, and in the case of a China Company in
of section 178. some newspaper circulating in the place where such Company bus its registered office." at the end thereof.
9. The Companies Ordinances, in so far as they affect Application
of China companies carrying on business within the limits of the (Companies) China Orders-in-Council; shall be read with and subject Order-in- to the China (Companies) Order-in-Council, 19!
10. This Ordinance shall come into force on the day of
191
Council, 191 Commence ment.
393
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