Her Majesty's Secretary of State having disallowed Ordinance W. of 1826, the Excellency directed me to prepare the Ordinance which was withdrawn on the 16th Instant.
In repeating No. 44 of 1826 and introducing the provisions of the English Act of 1867.
6. It was explained to the Committee on the first reading of the withdrawn Ordinance that after consideration and correspondence with the Secretary of State, it was thought right to give the China Garden Company the relief prayed for, but that it would be more expedient to pass a general measure founded on the English Act of 1867, enabling all Companies limited by shares and registered locally to reduce their capital if thought expedient. The Chief Justice,
7. who was absent on leave at that time, said in the Legislative Council Chamber on the 16th Instant that he had not seen the withdrawn Ordinance till that moment, which was his own fault, he admitted. The first paragraph of the statement of objects and reasons is "This Ordinance is introduced to confer on all Companies limited by shares and registered locally the power of subdividing...
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However, to follow the exact format required, here is the revised output in HTML:Her Majesty's Secretary of State having disallowed Ordinance W. of 1826, the Excellency directed me to prepare the Ordinance which was withdrawn on the 16th Instant.
In repeating No. 44 of 1826 and introducing the provisions of the English Act of 1867.
6. It was explained to the Committee on the first reading of the withdrawn Ordinance that after consideration and correspondence with the Secretary of State, it was thought right to give the China Garden Company the relief prayed for, but that it would be more expedient to pass a general measure founded on the English Act of 1867, enabling all Companies limited by shares and registered locally to reduce their capital if thought expedient. The Chief Justice,
7. who was absent on leave at that time, said in the Legislative Council Chamber on the 16th Instant that he had not seen the withdrawn Ordinance till that moment, which was his own fault, he admitted. The first paragraph of the statement of objects and reasons is "This Ordinance is introduced to confer on all Companies limited by shares and registered locally the power of subdividing...
Page 324
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