CO129-352 - Public Offices - 1908 — Page 14

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed

Hong Kong Government sight insist on too strict a fulfilment of the letter of the ordinance which in practice it had been found impossible to enforce. The compromise which has been arrived at is satisfactory to all parties and reflects credit on the good sense and consideration of the Hongkong Government who have been at great pains to consult the interests of all concerned.

The suggestion of the House of Trade that the annual duty should only be chargeable on the amount of the shares in the local registry and not on the total amount of the company's capital is a logical one and it would certainly be in the public interest if the alteration could be made. Where all the business of a company is carried on outside Hongkong, the shares will in all probability be registered locally, but where the business is carried on both in the Colony and elsewhere, say, at Shanghai, Article 1, Clause 2, as now worded, will bear hardly on companies which find it necessary to keep in each place a separate register for the transfer of shares.

I have the honour to be,

with the highest respect,

Sir,

Your most obedient,

humble servant,

Pelham L. Warren
Consul-General.

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12 1 Hong Kong Government sight insist on too strict a fulfilment of the letter of the ordinance which in practice it had been found impossible to enforce. The compromise which has been arrived at is satisfactory to all parties and reflects credit on the good sense and consideration of the Hongkong Government who have been at great pains to consult the interests of all concerned. The suggestion of the House of Trade that the annual duty should only be chargeable on the amount of the shares in the local registry and not on the total amount of the company's capital is a logical one and it would certainly be in the public interest if the alteration could be made. Where all the business of a company is carried on outside Hongkong, the shares will in all probability be registered locally, but where the business is carried on both in the Colony and elsewhere, say, at Shanghai, Article 1, Clause 2, as now worded, will bear hardly on companies which find it necessary to keep in each place a separate register for the transfer of shares. I have the honour to be, with the highest respect, Sir, Your most obedient, humble servant, Pelham L. WarrenConsul-General.

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$ 12 1 HongKong Government sight insist on too strict a fulfilment of the letter of the urdinsoce which in practice it had teen found impossible to enforce. The coxprozice which has teen arrived at is satisfactory to all parties and reflects credit on the good sense and consideration of the monezong Governsent who bave teen at great pains to consult the interests of all concerned, The suggestion or tha Hoera of Trade that the annual duty should only be characatie on the amount of the shares in the local registry and cat on the total amount of the company's capital is a logical one and it would certainly be in the public interest if the alteration could be as 10. *here all the business of a company is carried on outside Mongaoua, tae anares will in all probability to registoroi in every esso locally, but #cere the business is carried on both in the Colony and aise where, any, at Shanghai, article 1), Clause 2, as now worded, will tear bardly on companies which find it necessary to keep in each piace a separate register for the transfer of shares. i have the honour to be, with the highest respect, sir, Your soet obedient, hustle servant, (sp?) Pelham. I. Warren *.*.. Consul-General.

2026-06-06 13:21:35 · Baseline

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HongKong

Government sight insist on too strict a fulfilment

of the letter of the urdinsoce which in practice it had teen

found impossible to enforce. The coxprozice which has teen arrived

at is satisfactory to all parties and reflects credit on the good

sense and consideration of the monezong Governsent who bave teen

at great pains to consult the interests of all concerned,

The suggestion or tha Hoera of Trade that the annual duty

should only be characatie on the amount of the shares in the

local registry and cat on the total amount of the company's

capital is a logical one and it would certainly be in the public

interest if the alteration could be as 10. *here all the business

of a company is carried on outside Mongaoua, tae anares will in

all probability to registoroi in every esso locally, but #cere

the business is carried on both in the Colony and aise where,

any, at Shanghai, article 1), Clause 2, as now worded, will tear

bardly on companies which find it necessary to keep in each piace

a separate register for the transfer of shares.

i have the honour to be,

with the highest respect,

sir,

Your soet obedient,

hustle servant,

(sp?) Pelham. I. Warren

*.*.. Consul-General.

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