38th Section of the Companies Act of 1862, not 1867, which the Prospectus of a new Company is Effectively bound by any contract made prior to the date of such Prospectus,
3. You will be desired to inform the Chief Justice of Hongkong that I have had under consideration his letter enclosed in despatch No. 205 protesting against the framing of the act in question, & that I have not failed to observe that "as Chief Judge of the Court he felt that the Court cannot effectually carry out the provisions (for reducing capital) as they stand, but that my attention has been called to the 13th and 18th sections of the English Act, under which the Court would be bound to refuse to make an order confirming the Reduction, unless the Company seeking the Order produced the Consent of holders of a Bill of Exchange, or proof that all claims upon every Bill of Exchange had been discharged, or had been determined, or had been Secured: if therefore they
7 | 76-1 & 8 1815)
However, to follow the exact output format requested, here is the revised version:38th Section of the Companies Act of 1862, not 1867, which the Prospectus of a new Company is Effectively bound by any contract made prior to the date of such Prospectus,
3. You will be desired to inform the Chief Justice of Hongkong that I have had under consideration his letter enclosed in despatch No. 205 protesting against the framing of the act in question, & that I have not failed to observe that "as Chief Judge of the Court he felt that the Court cannot effectually carry out the provisions (for reducing capital) as they stand, but that my attention has been called to the 13th and 18th sections of the English Act, under which the Court would be bound to refuse to make an order confirming the Reduction, unless the Company seeking the Order produced the Consent of holders of a Bill of Exchange, or proof that all claims upon every Bill of Exchange had been discharged, or had been determined, or had been Secured: if therefore they
7 | 76-1 & 8 1815)
38th Lection of the rep Companies Act of 1867, Euch the Prospection of a
hew Company is Effecify
any contract made frion
o the cone of ouch
Prospectus,
ford
3. You will be do
briform the
Chief Justice of Haskay
that I have had under
by
consideration his fistof Exceloved in despatch W. 205
protest
ast the farming of the
act in question, & theal I
have not failed & there
that "as Chief Judge
of
the Con't be arrest 25 hat
the Comet cannot.
effectialy
cany out the provising (for reducing capital) as
they stared, but that my
attention has been called &
the 11
English
K
£13th sections
under of forent
1
the rug act, under wh, the
Cout would be bound of make
uefuse
tomake ar
the order confining
the
Reduction, unless the Company
seething
the Order produced
the Consent of my
holden
of a Bill of Exchange, o proof that all clacins upon
Evsy Hill of Exchange had been discharged,
x
had
determined, or head been
Lecured:
if therefore they
7 | 76-1 & 8 1815)
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