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new Order does not apply.

The Hoong On Steamship Company was wound up last year:

the steamers under its alleged ownership had been moved from the Shanghai to the Hongkong register some years ago.

As to the discrimination asserted in the 14th paragraph of His Excellency the Governor's despatch, I submit that that

discrimination is between China companies and all others and that the Colony is concerned solely because the Hongkong Government still draws the revenue derived from China companies over which it neither exercises any territorial control nor can afford any effective protection.

I have, etc.

sa.

E. H. FRASER,

Consul-General and Registrar

of Companies.

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