CO129-354 - Public Offices & Others - 1908 — Page 28

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

My Lord,

Government House, 23 JUN 08, Hongkong.

13th December, 1907.

I have the honour to forward for the signification of His Majesty's pleasure an Ordinance entitled "An Ordinance to authorise Companies registered under the Companies Ordinance, 1865, to keep local registers of their members outside the Colony".

The usual report by the Attorney General is annexed.

2. The cause of this legislation is the fact that this Government has never been able to realise more than a fraction of the stamp fees due on the transfer of shares made at places outside the Colony.

3. Under the Companies Ordinance, 1865, Companies registered in Hongkong must keep their registers in the Colony and record all transfers of shares therein, stamp duty being duly paid upon each transaction. It has however been found impossible in practice to enforce these requirements, and it has long been the custom for Companies doing business in the China Treaty Ports, Japan and elsewhere to record transfers of shares in registers kept at their place of business. No stamp duty is paid in respect of these transfers.

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My Lord, Government House, 23 JUN 08, Hongkong. 13th December, 1907. I have the honour to forward for the signification of His Majesty's pleasure an Ordinance entitled "An Ordinance to authorise Companies registered under the Companies Ordinance, 1865, to keep local registers of their members outside the Colony". The usual report by the Attorney General is annexed. 2. The cause of this legislation is the fact that this Government has never been able to realise more than a fraction of the stamp fees due on the transfer of shares made at places outside the Colony. 3. Under the Companies Ordinance, 1865, Companies registered in Hongkong must keep their registers in the Colony and record all transfers of shares therein, stamp duty being duly paid upon each transaction. It has however been found impossible in practice to enforce these requirements, and it has long been the custom for Companies doing business in the China Treaty Ports, Japan and elsewhere to record transfers of shares in registers kept at their place of business. No stamp duty is paid in respect of these transfers.

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py. ongkong 305. My Lord, 0.0. 22719 27 Government House, 23 JUN 08 Hongkong. 13th December, 1907. I have the honour to forward for the signi- fication of His 'ajesty's pleasure an Ordinance entitled "An Ordinance to authorise Companies registered under the Companies Ordinance, 1866, to keep local registers of their members cutside the Colony". The usual report by the Attorney General is It annexed. 2. The cause of this legislatiories in the fact that this Government has never been able to realise more than a fraction of the stamp fees due on the transfer of shares made at places outside the Colony. ide eas 3. Under the Companies Ordinance, 1865, Compen- ies registered in Hongkong must keep their registers in the Colony and record all transfers of shares therein, stamp duty being duly paid upon each trans- action. It has however been found impossible in practice to enforce these requirements, and it has long been the custom for Jompanies doing business in the China Treaty Ports, Japan and elsewhere to record transfers of shares in registers kept at their place No stamp duty is paid in respect of of business. transfers 7

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py.

ongkong

305.

My Lord,

0.0.

22719

Government House, 23 JUN 08

Hongkong.

13th December, 1907.

I have the honour to forward for the signi- fication of His 'ajesty's pleasure an Ordinance entitled "An Ordinance to authorise Companies registered under the Companies Ordinance, 1866, to keep local registers

of their members cutside the Colony".

The usual report by the Attorney General is

annexed.

The cause of this legislatiories in the fact that this Government has never been able to

realise more than a fraction of the stamp fees due on

the transfer of shares made at places outside the

Colony.

ide

eas

3. Under the Companies Ordinance, 1865, Compen- ies registered in Hongkong must keep their registers

in the Colony and record all transfers of shares

therein, stamp duty being duly paid upon each trans-

action. It has however been found impossible in

practice to enforce these requirements, and it has

long been the custom for Jompanies doing business in

the China Treaty Ports, Japan and elsewhere to record

transfers of shares in registers kept at their place

No stamp duty is paid in respect of

of business.

transfers

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