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COPY.
6308/28.
BOARD OF TRADE.
26
2nd November, 1928.
sir,
na
I am directed by the Board of Trade to refer to your
letter of the 4th October (Reference No.F.5175/5178/10), with its enclosures, regarding a Petition from certain China DORS panies for an amendamt of existing legislation so as to allow
In reply I am them to keep local share registers outside China. to submit, for the consideration of Lord Cushendun, the follow-
ing observations:-
As stated in the Crown Advoante's minute of the 27th
April last, a copy of which was onelosed with your letter, the
Petition, in effect, prays for the amendment of Hongkong
Ordinance No. 53 of 1911 in two respects, nanoây:-
(a) In the first place it is desired
that Section 273 (1) of the 1911 Ordinance
(originally Section 7 (1) of Ordinance No.
$1 of 1915) may be amended so as to jakke
Beotion 35 of the 1911 ürdinance applicable
in the oase of China Companies.
(b) In the second place it is desired
that Sestion 35 of the 1911 Ordinance may
be amended so as to parait of a Company
being licensed to keep a loanl register
in London, even though such Company does
not carry on any part of its business
As regards the position in this country, Saation 34 (1) of the Companies (Consolidation) Aat, 1908, as mended by
Section 10 of the Gompanies Act, 1988, reads as follows:-
(1) À Bompany having a share sapital whose objects comprise the
/transaction