transaction of business in any part of His Majesty's Dominions outside Oreat Britain, the Channel Islands or the Isle of Man may sause to be kopt in any such part of Min Majesty's Dominions in whdoh it transacts businona a branoh register of members resident in that part (in this Aut sallod a 'Dominion register').
27
This provision as it stood in the Companies (Consolidation)
Act, 1908, was a re-enactment of Section 3 (1) of the Companies
(Colonial Registers) Act, 1893. Thas Ast contained a Preamble
in the following termsi
#hereas wanny scmpanies registered under the Companies Act, 1968, carry on business in British Colonios, and dealings in their shares are frequent in such colonies, but dolay Inconveniense, and expense are occasioned by reneon of the absence of any legal provisions for keeping local regintera of members, and it is expedient that such provisions as this Ast contains be made in that behalf.
It is plain from the Praamble that the purpose of the Aot of
·
1893 was to enable British spanies to keep in Colonies in whỏe h
they transacted business lossl registers of members resident in
those Colonia The Aat of 1883 was not a Goverigens mersure
but arose out of separate private Bills introduced into Parliament
by three individual Companies (the Standerd Bank of South Africa,
Ltd., the Agricultural Company of Mauritius, Ltd., and the Credit
Foneier of Mauritius, Ltd.) in which the Companie a sought power
to establish branch registers in Africa and in Mauritius res-
pectively.
As a result of consultation with the Board of Trade
the promoters substitated for the separate Bills one comprehensive
measure which eventually beanne law as the Act of 1883. The
beɑame
Treasury and the Inland Revenue were consulted on the subject,
and it appears fras the Board of Trade resords that it was finally arranged for the promotera to sammunicate with the treasury, since the main questiona arising on the Bill appeared to consern that
Department rather than the Board of Trade. On the 4th July, 1893,
/the