CO129-354 - Public Offices & Others - 1908 — Page 24

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which a copy

was enclosed) in which he submitted

the Ordinance for 'the signification of this majesty's

pleasure, gave

enactment of this law, and that the enclosed copy.

of an extract from a report by the Acting brown

Advocate at Shanghai would explain how it

the reasons which had led to the

was

that

a number of companies operating in

the Far East were

of Rongkong might.

issue an annual licence to

a

company whose objects comprised the transaction of

business outside the Colony, empowering such company,

if authorized to do so by its own

regulations,

to

keep in any place outside the Colony, at or near

which a principal part of it's business was carried

on, fand that a register of it's members, and

shares so

registered under the laws

of

little

or no

Rongkong/ although they carried on

business in that Colony.

That it would be observed that the

Ordinance provided that the Governor in Council

registered

in a

local register

were

exempted from Hongkong probate duty and

from stamp transfer duty unless the transfer was executed within the Colony. That provision

was made as to the

e manner in which such

of

local

It

cas