CO129-352 - Public Offices - 1908 — Page 229

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

226

? has been or is in course of being adopted by all the local companies.

Abrogation of this Ordinance would cause the most serious inconvenience, and would lead to the demand by the British mercantile public in China for the registration of Companies by this Court.

In regard to the Board of Trade's suggestion 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 I am informed by Mr. Duncan McNeill, who was acting as Crown Advocate when the agitation for some such arrangement began and who is well acquainted with all its details, that the local registers of the Companies affected by this Ordinance include all the shares, and that only a copy of the Register is kept at Hongkong. There are associations with a Register in Hongkong and a Branch Register here e.g. the Hongkong and Shanghai Banking Corporation, but in this case the local register is kept under the Bank's own Ordinance and under a decision of the Supreme Court of Hongkong and not under this Ordinance.

(Signed)

I have &c.,

F. S. A. Bourne.

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226 ? has been or is in course of being adopted by all the local companies. Abrogation of this Ordinance would cause the most serious inconvenience, and would lead to the demand by the British mercantile public in China for the registration of Companies by this Court. In regard to the Board of Trade's suggestion 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 I am informed by Mr. Duncan McNeill, who was acting as Crown Advocate when the agitation for some such arrangement began and who is well acquainted with all its details, that the local registers of the Companies affected by this Ordinance include all the shares, and that only a copy of the Register is kept at Hongkong. There are associations with a Register in Hongkong and a Branch Register here e.g. the Hongkong and Shanghai Banking Corporation, but in this case the local register is kept under the Bank's own Ordinance and under a decision of the Supreme Court of Hongkong and not under this Ordinance. (Signed) I have &c., F. S. A. Bourne.

Baseline (Original)

226 ? has been or is in course of being adopted by all the local companies. Abrogation of this Ordinance would cause the most serious inconvenience, and would lead to the demand by the British mercantile public in China for the registration of Companies by this Court. In regard to the Board of Trade's suggestion 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 compeny's capital I am informed by Mr. Duncan McNeill, who was acting as Crown Advocate when the agitation for some such arrangement begen and who is well acquainted with all its details, that the local registers of the Companies affected by this Ordinance include all the shares, and that only a copy of the Register is kept at Hongkong. There are associations with a Register in Hongkong and a Branch Register here e.g. the Hong- kong and Shanghai Banking Corporation, but in this case the local register is kept under the Bank's own Ordinance and under e decision of the Supreme Court of Hongkong and not under this Ordinance. (Signed) I have &c., F. S. A. Bourne.

2026-06-06 18:14:13 · Baseline

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226

has been or is in course of being adopted by all the

local companies.

Abrogation of this Ordinance would

cause the most serious inconvenience, and would lead

to the demand by the British mercantile public in

China for the registration of Companies by this Court.

In regard to the Board of Trade's suggestion

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 compeny's capital I am

informed by Mr. Duncan McNeill, who was acting as

Crown Advocate when the agitation for some such

arrangement begen and who is well acquainted with

all its details, that the local registers of the

Companies affected by this Ordinance include all the

shares, and that only a copy of the Register is kept

at Hongkong. There are associations with a Register

in Hongkong and a Branch Register here e.g. the Hong-

kong and Shanghai Banking Corporation, but in this

case the local register is kept under the Bank's own

Ordinance and under e decision of the Supreme Court

of Hongkong and not under this Ordinance.

(Signed)

I have &c.,

F. S. A. Bourne.

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