20
Mr Clauson to
See on
returns
10.
of Trade should put up a draft of an amendment
to the Order-in-Council of 1925 which would
endeavour to define a qualification for
which we stat kubout registration under the Order concerns which
had no substantial British interest, and which
would, in addition, provide E.M. Ambassador
or the Secretary of State with power to
register under the Order-in-Council an
additional category of companies which,
although not fully possessing the qualifica-
tions stipulated in the Order, were nevertheless
deemed to have such a substantial British
interest as to warrant their being registered
both for jurisdiction and protection purposes
as British companies. The privileges of
Sir J. Pratt suggested
that while, existing registered British
companies could not be safeguarded regardless
of whether their British interest was
sufficient to qualify under the revised terms
of the Order, it would be the best procedure
to allow them a year's grace in which to
effect any necessary changes in their manage-
ment or capital to enable them to qualify, or
to show alternatively that their British
interest was sufficient to allow them to be
included in the second category.
draft.
The for
? Wait for the Board of Trade
I in che comer
we she put in
w
a would complant whout the appeunt
matheaching infor ༩、(༤,
in
jul Gaut
573
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5. Caine
5/3/37
14. Dumnean.
6.3
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