CO129-354 - Public Offices & Others - 1908 — Page 29

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All AI Reviewed
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transfers so recorded, and it is estimated that the Treasury loses thereby a sum of at least $10,000 per annum in respect of share transactions in Shanghai alone.

A.

The present Ordinance was drafted in consultation with the local and the Shanghai Chambers of Commerce and other interested parties, and the compromise which it effects is, I think, a reasonable one. The Companies registered locally which operate mainly or exclusively outside Hongkong have a paid-up capital of some $100,000,000, the annual fees on which, if all were to take out local registers, would amount to $40,000. It is not of course possible to foresee at present the extent to which these Companies will avail themselves of the facilities afforded under the new Ordinance, but in any event an adequate return for service rendered will now be assured to this Colony.

A RIGHT HONOURABLE

THE EARL OF ELGIN, K.G.,

&c. &c. &c.

I have, etc.,

(Signed)

J.D. INGRAM

Governor,

&c. &c.

It

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28 transfers so recorded, and it is estimated that the Treasury loses thereby a sum of at least $10,000 per annum in respect of share transactions in Shanghai alone. A. The present Ordinance was drafted in consultation with the local and the Shanghai Chambers of Commerce and other interested parties, and the compromise which it effects is, I think, a reasonable one. The Companies registered locally which operate mainly or exclusively outside Hongkong have a paid-up capital of some $100,000,000, the annual fees on which, if all were to take out local registers, would amount to $40,000. It is not of course possible to foresee at present the extent to which these Companies will avail themselves of the facilities afforded under the new Ordinance, but in any event an adequate return for service rendered will now be assured to this Colony. A RIGHT HONOURABLE THE EARL OF ELGIN, K.G., &c. &c. &c. I have, etc., (Signed) J.D. INGRAM Governor, &c. &c. It
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28 transfers so recorded, and it is estimated that the Treasury loses thereby a sum of at least $10,000 per annum in respect of share transactions in Shanghai al one. A. The present Ordinance was drafted in con- sultation with the local and the Shanghai Chambers of Commerce and other interested parties, and the compromice which it effects is, I think, a reasonable one. The Companies registered locally which operate mainly or exclusively outside Hongkong have a paid up capital of some $100,000,000, the annual fees on which, if all were to take out local registers, would amount to $40,000. It is not of course possible to foresee at present the extent to which these Companies will avail themselves of the facilities afforded under the new Ordinance, but in any event an adequate return for service rendered will now be assured tothis Colony. A RICHT HONOURABLE THE EARL OF MLGIN, K.G., &0.1 &C. I have, etc., (Signed) 7.D. INGART Governor, &c. It eas
2026-06-07 14:02:15 · Baseline
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28

transfers so recorded, and it is estimated that the Treasury loses thereby a sum of at least $10,000 per annum in respect of share transactions in Shanghai al one.

A.

The present Ordinance was drafted in con- sultation with the local and the Shanghai Chambers of Commerce and other interested parties, and the compromice which it effects is, I think, a reasonable one. The Companies registered locally which operate mainly or exclusively outside Hongkong have a paid up capital of some $100,000,000, the annual fees on which, if all were to take out local registers, would amount to $40,000. It is not of course possible to foresee at present the extent to which these Companies will avail themselves of the facilities afforded under the

new Ordinance, but in any event an adequate return for service rendered will now be assured tothis

Colony.

A RICHT HONOURABLE

THE EARL OF MLGIN, K.G.,

&0.1

&C.

I have, etc.,

(Signed)

7.D. INGART

Governor,

&c.

It

eas

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