LEGON
18
C.
·
32
waże ponsible, have pleaded, truly enough, that if it were
known that pfficial steps were being taken to have it wound
up as not under British control, a punio would have ensued
amongst its Chinese polioy holders. This is in fact the pleu
upon which no prosselings have yet been taken under article
4 of the new Order in Counɑll so as to enable the negotiation@
for the transfer of the whole of the Company's undertaking to
The China Hutusl Mife Insurance Company Limited to be completed,
as referred to in the letters from the companies to you self of
January 30th and 31st lust.
have the honour therefore to confirm, on further
experience, the udvise given in my despatch of 16th March legt
in this matter.
My reasons for thinking that any relaxation of the provisions of the newförder in Council would be inadvisable
urs as follows:-
1. The transfer of ɑll 'Chin' Companies heretofore
under non-British control to British control has been
pructie-lly completed.
2. A to the British American Fobuoco Co. (China)
ztả, the business of the Company will in future be
controlled from Hongkong where the Company and £11
members of the Head Office will be under British
jurisdiction.
If licences allowing non-British manugment of
Chinм Companies were under any circumstances obtainabi,
a most invidious and difficult task would be net 1.4.
Minister, and the Registrar and also the Crown ..dvo-
vate an his technical adviser in such matters.
4.
If such licenoes were obtainable, the force ind
effect of salutury provisions, the nest of which has
be en