140
It came into consideration in Committee, but was rejected when an amendment moved by Mr Roric that "the Bill be not further proceeded with" was carried. The amendment was strenuously supported by the Chief Justice, who scuttled the Bill on the ground that it would have been lost in the Colony due to speculation in shares, and that giving five companies the power to reduce the amount of their shares by sub-division would be likely to develop among the Chinese, and the European community a dangerous spirit of gambling in shares of small value. His Excellency was guided by the opinion of the Chief Justice, and the Colonial Secretary, and himself alone voted for carrying on the Bill.
5. Upon the failure of the measure, the Directors of the Hongkong and Shanghai Banking Corporation applied to the Governor for a special Ordinance and His Excellency assented to submit the present ordinance to the Council. After the second reading, the Officers of the company were required to adduce before the Council evidence of the allegations in the preamble. This was done and the preamble slightly altered in some details so as to be in accord with the proofs.
6. A bill for...
140
it
consideration in Sumittee, but wass
reseled whon an amcndencat moved by Mit Rovic that "the Bill be not "Further proceeded with. The herandulat. was Chênuously, supported by the thich Justice, who scurled the Wille Bill
Rume
on the ground that ar have been tost in the Colony bet
to
Speculauing in Thares, and that b
five companies the rower to reduce.. the amount of their shares by sub-division would be likely to develop among the Chinese, and the Bonniger uropians a dangerous épirit of Samthing bey recons I thard's & Swall Value! Is Secettency was quited
.
Julans
bey the opinion of the thief, fucked,
and
And the Ionial Recretary, WW? Jesuien
And Inszelf alone voted for carrying on the Mill.
5. Upon the failure of the zentral- reasure, the Directors of the boaslams applied to the Governor for a special Ordinance and
No reellency amserted
to submit the present ordinance to the Conneil, after the second reading the Officers of the comhams were required to adduce before the boring Evidence of the allegations in the preamble. This was done and the preamble slightly altered in some
The striethy in
details as as to be abri with the proops.
6. A dill fortor.
in accord
No comments yet.
Private notes are available after approval.