419

DRAFT

CHINA

ORDER IN COUNCIL, 1924.

Article 203.

203.

(1) Every British company which at the commencement of this Order has, or which shall hereafter establish a place of business within the limits of this Order, shall:-

(2)

(a) in every prospectus inviting subscription for its shares or debentures within the limits of this Order state the country in which the company is incorporated; and (b) conspicuously exhibit in every place where it carries on business within the limits of this Order the name of the company and of the country in which it is incorpor-

ated; and

(c) have the name of the company and of the country in which the company is incorporated mentioned in legible characters in all billheads and letter paper and in all notices, advertisements and other official publications

of the company.

Every British company, other than a company incorporated under the Companies Ordinances, which at the commencement of this Order has, or which shall hereafter establish a place of business within the limits of this Order, shall, in every case in which the company describes itself by a designation in Chinese characters append to such designation such Chinese characters equivalent to "Limited Company" as the Minister may appoint by notice issued under his hand and seal and exhibited in the public office of the Consulate at Shanghai; provided that this requirement shall not apply to such companies as are exempted from using the word "limited" in English; and further provided that it shall be lawful for the Minister by licence to direct that any such company shall be exempted wholly or

in part from the requirements of this subsection, and to revoke

any such licence.

(3)/

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