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289
territorial control here may be quite satisfactory.
11. Another class of company which may give rise to
difficulty is illustrated by the case of the Kwongtung Tramways
Company Limited which carries on a tramway undertaking at
Canton. Here the desirability of relying on the territorial
jurisdiction in Hongkong, and the personal jurisdiction ensured
by the 1915 Order, is perhaps reinforced by the consideration of the inconvenience of requiring such a company to be placed
on the Shanghai register. There is also the possibility that
Chinese law might at some future time require the local manager
of such a public utility company in China to be Chinese, even though the company might be mainly British in charecter.
12.
The latter difficulty is perhaps more likely to
become acute in the case of future companies formed to develop
mineral resources in China,
13.
Another class of case is illustrated by the case
of the British-American Tobacco (China) Limited, which is not
Chinese at all but which is partly British in character. The manager of this company is a citizen of the United States of
America, and I understand that the company find it difficult,
if not impossible, to displace or replace him.
14.
The restrictions imposed by the China (Companies)
Orders-in-Council apply only to companies formed under the
Companies Ordinances of Hongkong. No such restrictions apply to companies registered in the United Kingdom or Straits Settlements or any other part of His Majesty's dominions. In
the interests of bona fide Hongkong enterprises, as some of
the companies affected appear to be, it seems desirable not to
make this discrimination unduly stringent.
15.
The possible broad effect of the new Order must also be considered. It may be that it will drive a number of companies off our register altogether. Some may become Chinese companies and others may become United States companies. I doubt if this is desirable, though probably it would be no harm
if