Copy.
59 END
The Under Secretary of State
Downing Street,
11th May, 1926.
Sir.
With reference to previous correspondence on the
subject of the annual fee levied on the British American
Tobacco Co.(China) Ltd. under Section 273 of the Hongkong
Companies Ordinance 1911, I am directed by Mr.Secretary
Amery to inform you that the Governor of Hongkong has now
proposed that a reduction of the fee from four cents to
one cent should be made on each hundred dollars of the paid
up capital in the case of any company such as the British
American Tobacco Co., (China) Ltd. which is a private company,
and in which substantially all the shares are held by a
parent company.
2.
The Secretary of State has approved of the
Governor's proposal.
I am, Sir,
Your obedient Servant,
(sgd) G. Grindle.
The above
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