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contain the names of all the companies in connection with which difficulty is likely to arise.
4.
I take it that the following are the three main objects to which our policy towards these companies might be directed:-
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(1). The removal of the companies from our register; (2). Protection of non-enemy contribution and creditors; (3). The prevention of the delivery of my assets to any
alien enemy.
How far it may be possible to attain these objects is of course another matter.
5.
It must not be forgottentilat from the 1st. January all these companies will fall under the jurisdiction of H.E. M.'s Supreme Court for China, so that in the absence of any special reason for urgency it would appear to be more convenient to wait until next month before taking any proceedings in the Court. On the other hand, these companies, like other China Companies, will remain subject to any amendment of Hongkong Companies Ordinances which may be made.
6.
An important consideration which we must recognise is that in some cases at least no order by a British Court, and
no action by British authorities, would have any real efficacy.
An example of this class of case appears to be the Yangtsze Wharf end Godown Company, Limited. Whether the Central and North China
Godowns and Press Packing Company, Limited, is another example appears to depend partly on the extent of the control £iven by the art fact that the company owns property on the British Land register. I understand that land so registered is transferred either by entry in the books of the registry or by deed registered in the registry, but how far it would be possible for a registered owner to transfer his land without such registration is not know
hare.
7.
It would appear probably be possible for any creditor or contributory to obtain an order for a winding up by the
1