RECEIVED
6 - AUG 937
C. O. REGY
4, MILLBANK,
WESTMINSTER,
LONDON, S. W. 1.
(VICTORIA 7730)
5th August, 1937.
66
5.
Dear Gent,
I have examined the Bill to amend the Hong Kong
Companies Ordinance enclosed in your note (53600/37) of
29th July.
I find it difficult, however, to form any opinion
on the merits of the Bill without the background of an
explanation of the banking situation which the Bill is
designed to remedy.
N.E.Young made some observations about
it in his unofficial letter to Vernon of 24th September, 1935,
but they did not of course purport to be a complete account
and the AttorneyGeneral's report on the Bill gives little
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help in this respect.
I can only therefore offer such
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comments as occur to me on the Bill as it stands.
Clause 6 of the Bill empowers the registrar of
companies, a civil servant, to impose fines on companies.
The fines are small, and the clause is apparently taken from
an existing Straits Ordinance, but it seems to me objectionabl
in principle.
G. E. J. Gent Esq., D.S.O.,0.B.E., M.C.
mer
10
/As
CA