CO129-352 - Public Offices - 1908 — Page 224

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

20673/08

221

Section 4 rules (1), (2), and (8) to Sir M. Nathan, with whom he had a conversation on the subject in February 1907 before the present ordinance was drafted.

As regards sub-section (2) of the Ordinance, Sir H. de Sausmarez suggested that the Hong Kong Government should calculate what amount they were likely to lose in an average year and replace the amount estimated by a license fee charged on the capital of the Companies keeping a local register. If this was done it would not, in Sir H. de Sausmarez's opinion, now be proper to exempt capital in the Hong Kong Registers from paying the fee, without affording an opportunity to the Government of the Colony to reconsider the amount of their ad valorem fee.

Sir Havilland considers, however, that the pecuniary hardship cannot be great, as the Ordinance only applies to a Company carrying on "a principal part of its business at or near the place where it desires to keep a local register".

Presumably, therefore, a very considerable proportion

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20673/08 221 Section 4 rules (1), (2), and (8) to Sir M. Nathan, with whom he had a conversation on the subject in February 1907 before the present ordinance was drafted. As regards sub-section (2) of the Ordinance, Sir H. de Sausmarez suggested that the Hong Kong Government should calculate what amount they were likely to lose in an average year and replace the amount estimated by a license fee charged on the capital of the Companies keeping a local register. If this was done it would not, in Sir H. de Sausmarez's opinion, now be proper to exempt capital in the Hong Kong Registers from paying the fee, without affording an opportunity to the Government of the Colony to reconsider the amount of their ad valorem fee. Sir Havilland considers, however, that the pecuniary hardship cannot be great, as the Ordinance only applies to a Company carrying on "a principal part of its business at or near the place where it desires to keep a local register". Presumably, therefore, a very considerable proportion

Baseline (Original)

20673/08 221 Section 4 rules (1) (2) and (8) to Sir M. Nathan, with whom he had a conversation on the subject in February 1907 before the present ordinance was draft- ed. As regards sub-section (2) of the Ordinance, Sir H. de Sausmarez suggested that the Hongkong Gov- ernment should calculate what amount they were like- ly to lose in an average year and replace the amount estimated by a license fee charged on the capital of the Companies keeping a local register. If this was done it would not, in Sir H. de Sausmarez's opinion, now be proper to exempt capital in the Hong Kong Regis- ters from paying the fee, without affording an op- portunity to the Government of the Colony to recon- sider the amount of their ad valorem fee. Sir Havilland considers, however, that the pecun- iary hardship cannot be great, as the Ordinance only applies to a Company carrying on "a principal part of its business at or near the place where it de- sires to keep a local register". Presumably, therefore, a very considerable pro- portion

2026-06-06 18:12:20 · Baseline

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20673/08

221

Section 4 rules (1) (2) and (8) to Sir M. Nathan,

with whom he had a conversation on the subject in

February 1907 before the present ordinance was draft-

ed.

As regards sub-section (2) of the Ordinance,

Sir H. de Sausmarez suggested that the Hongkong Gov-

ernment should calculate what amount they were like-

ly to lose in an average year and replace the amount

estimated by a license fee charged on the capital of

the Companies keeping a local register. If this was

done it would not, in Sir H. de Sausmarez's opinion,

now be proper to exempt capital in the Hong Kong Regis-

ters from paying the fee, without affording an op-

portunity to the Government of the Colony to recon-

sider the amount of their ad valorem fee.

Sir Havilland considers, however, that the pecun-

iary hardship cannot be great, as the Ordinance only

applies to a Company carrying on "a principal part

of its business at or near the place where it de-

sires to keep a local register".

Presumably, therefore, a very considerable pro-

portion

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