CO129-246 - Acting Governor Fleming - 1890 [8-9] — Page 546

542

A

1

any

6.

nnecessary delay.

I forward, for Your Lordship's information the

report, as

the

as taken from "HongKong Daily Press," of _

the observations that were

made when the Bill was

introduced by M. Keswick

of July last.

on the 21st

I have the honour to be,

My Lord,

Your Lordship's Most Obedient

Humble Servante J. Heming

Aming

Enel: 3.

Enclosuret.

6.0. 19594

REG?

Red 6 OCT 301

A BILL

ENTITLED

No. 18:-[21.7.90.]

An Ordinance to amend the Law in respect of the sale of Shares in Companies registered under the Companies Ordinances 1865 to 1886 and in other Joint Stock Companies.

W

HEREAS it is expedient to make provision for the prevention of contracts for the sale and purchase

of shares and stock in joint stock Companies of which the sellers are not possessed or over which they have no control: Be it enacted as follows:-

1. That all contracts, agreements and tokens of sale and purchase which shall from aud after the

be made or entered into for the sale or transfer, or purporting to be for the sale or transfer, of any share or shares, or of any stock or other interest in any joint stock Company constituted under or regulated by the provisions of any Act of Parliament, any local Ordinance, Royal Charter, or Letters Patent, issuing shares or stock transferable by any deed or written instrument, shall be null and void to all intents and purposes whatsoever unless such contract, agreement, or other token shall set forth and designate in writing such shares, stock. or interest by the respective numbers by which the same are distinguished at the ma- king of such contract, agreement, or token on the register or books of such joint stock Companies as aforesaid, or where there is no such register of shares or stock by dis- tinguishing numbers, thon unless such contract, agree- ment, or other token shall set forth the person or persons in whose name or names such shares, stock, or interest shall at the time of making such contract stand as the registered proprietor thereof in the books of such joint stock Companies, and every person whether principal, broker, or agent, who shall wilfully insert in any such contract, agreement, or other token any false entry of such numbers, or any name or names other than that of the person or persons in whose name such shares, stock, or interest shall stand as aforesaid, shall be guilty of a mis- demeanour and be punished accordingly.

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