20
Tephone No.: VICTORIA 1234.
RECEIVED
30 APR 1950
COL
Any reply to this letter should OFFICE
NATIONAL
SCHEME
DISABLED
MEN
THE SECRETARY,
TREASURY,
WHITEHALL, LONDON, S.W. 1,
and the following number quoted :
F.11091
7
TREASURY CHAMBERS.
Both
April 1930.
3.
Sir,
I have laid before the Lords Commissioners of
His Majesty's Treasury Mr. Ellis' letter of the 4th
ultimo, (72765/30) and the enclosed copies of the
Hong-Kong Companies Amendment Ordinance 1929 and Report
by the Attorney General explaining the objects and
reasons of the Ordinance.
It is observed that under the Ordinance as
passed by the Legislative Council no limitation of
residence attaches to the Branch Registers. Under British
law shares held on a London register of a China Company
will constitute assets legally situate here and liable to
British estate duty on the death of a shareholder wherever
he may have been domiciled, whether in Great Britain,
Hong-Kong itself or elsewhere.
It is understood that there is in Hong-Kong
Company law a provision under which the shares of a
The Under Secretary of State,
Colonial Office.
deceased
G
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