Their rights partially granted by Ordinance No. 4 of 1876. The present Ordinance therefore proposes to repeal No. 4 of 1876 to enact a more general law founded on the English measure of 1867 and to amend the Companies Ordinance 1862.
It was pointed out that the majority of the members, including the Chief Justice, considered that the China Traders' Company had shown what a necessity had existed in their case for a modification of the law, evidenced by the passing of the Ordinance No. 4 of 1876.
And as that Ordinance might be construed as granting special privileges to a company, it was evidently more statesmanlike to pass a law which placed all Companies on the same footing.
9.
The Chief Justice objected to the withdrawn Ordinance for the reasons:
a. Because the Ordinance had been "previously deliberately rejected and substantially" (Par. 6).
b. Because the circumstances remained unchanged.
c. On moral, commercial, and legal grounds; and because it is a copy of the English Act of 1867, of which it is enough to quote the first paragraph.
their chars partially granted by Ordinance No. 4 of 1876. The present Ordinance therefore proposes to refed N°4 of 1876 to enact a more general
founded on the English
measure
· but of 1867 and to amend the Teamfancies Ordinance 1862=
It was pointed out that the majority of the leammil including the Chif piratice corsidered that the Chmia Traden lemmpany hat chum What a necefity had existed in their case for a modification of the law. evidenced by the pasning of the Ordinance N. 4 of 1876,
and as that Ordinance might- be anstrued no
granting efperial
as
war
325
privileges to an lemmpany it was evidently more statesmanlike to pap a low which pland all Companies on the same forting.
9.
The Chief Justice object to the
withdrawn Ordinance
reaso
which he
a. Accame the Ordinance had been "previously deliberately rejected and substantially " for had given (Par. 6.) b. Because the cinematanus remain unchanged.
E.
On moral, commercial and legal grounds; and because it is a coper of the leaghih Act of 1867, of th merits of that Act it is enough to quite the first paragraphe
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