539
I was introduced by Mr. J. Keswick to amend the law in respect of the sale of shares in Companies registered under the Hongkong Companies Ordinances and in other Joint Stock Companies.
The Bill was only read a first time as the matter was too important a one to dispose of until it had received the careful attention of Government, and until the community in general had been given opportunity to express an opinion upon it.
Mr. Keswick explained that the object of the proposed Ordinance, which is based on the Imperial Act 30 Vic. ch. 29 commonly called Leeman's Act, is to do away with what are known as time bargains i.e. contracts to sell for delivery at a future date shares the seller does
539
I introdused by M.g. J.
Keswick to amend the
law in respect of the sale of shares in Companies registered under the Hongkong Companies
Ordinances and in other
Joint Stock Companies.
The Bill was
2.
only
road a first time as the matter was too important
a one to dispose of until it had received the careful
attention
of Government, and
until
until the community
general had been given opportunity to express
opinion upon
3.
it
in
an
Mr. Keswick explained
that the object of the proposed
Ordinance, which is based
on the Imperial Act 30 Vic. ch. 29 commonly called Leeman's Act, is to do
with what are known as
time bargains
away
i.e. contracts
to sell for delivery at a future date shares the seller
does
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