CO129-367 - Acting Governor May - 1910 [6-7] — Page 402

Viaderse? Isinolo)

HON*

aak

„aqidarentist antänsä

Baw J881 esnenibro asinaqmob odt ned

zultatɛaoo unaquos on Jent bebivonq à moltooɛ bonaaq viisatgiro to oaoqing odź zot boɑriot ed [Imilk noorteq net nart etoM TO s as botojaiger anelow gatened to zaenteuɗ ent no gatyruso „SBBL To Joå srij mort brow tot brow nedat naw alɗT

yď hebnema naw C881 somenibro eeinsgroð eft

•

VILA (MOD

gaixnoď to anenlaud erit tand gatisfood yď 8881 to S donBNĚьTŮ .Bonsaibr0 ant to moltarego odt mort bebufɔze od bivoɗa

Attw conabroɔda ni obam saw tæertönen BIẾT

.anoiJovitani a1eja‡8 to viajerosƐ ent ond to rettel a'atztů to viajatoel edt al -NTOVOD SK‡ yntretekaimba “woltto arið að .0881,redmessa .Atil sonantb70 erit to viistones galvorqqs retis gaoxgnol to trem- -¡ewolfot sa cotate (2881 to I)

Koɗw of Tovewon yingsett ord to abrod of?" -Anad IIs tant noinigo to eta berteter moed end sonenkbr0 odd" sď blvona gnoxgnoli ta beretidstað að van Jadé aetnaqmoo gal..." Tot anoiteluged odt at bentetnos anol÷ibaco odt od betoetɗue" redgie asinolo) and nå seinaquos galźned to moltarogroont ent" Donsnibrü İslooqu a yď to Jnemtosne Letends ederaçou a YO" bra goodgook odd rot boboqorq sa eɛso dose of sideotiqq@" sant .bas erit to se „ok dodaqael vor al ynaqmoɔ gatsinaƐ terfynarƐ"

tasi” VIS:20ɔen ad IIlw ti eroterend zeonsterworło onorit tobal

to noitateqo add mort zeinagmos antinad ebuloze ot çinaerqxI8" ,"ponentbrü add”

jette ont of al (♬ IIXX) anoltaundani Layoя gnidalidates sonentbr0 yns of dasɛas of ton al tomtevoð ont jant -uditanos edit yntredía yo antbners to notisinoɛɛs gutánad vns .noitsinonas gutxinað yns to aogoliving no ɛrowog nolt-

berrotar moltsinger edt at aldt emraéty I

.J881,Tedodao „Mtal to dodaqasd edt at ot

eetneqmos patinar atuemaitted atientä odt ni

are allowed.

In Ordinance 5 section 4 of 1889 of the

Straits Settlements (Companies Ordinance 1889) it is enacted

that no company of more than ten persons shall be formed to

carry on the business of banking unless it is registered as a

company under the Ordinance. The Section goes on - *or is formed

*in pursuance of some statutory or other enactment having the

"force of law in the Colony or by Royal Charter or Letters

"Patent". The Secretary of State evidently does not now object

to banking companies being registered under the Companies Ordi-

-nance.

I am strongly of opinion that the Banking

clause (s. 2 ss.1) should be included in the Bill. I cannot

think of any reason why it should be excluded. If there is one

sort of commercial undertaking which should not be carried on

secretly it is a bank.

L. J James in the case of Smith v. Ander-

-gon 15 Ch. D. 273 puts the scope and object of the Acts as

follows:-

"The Act was intended to prevent the mis-

*-chief arising from large trading undertakings being carried

"on by large fluctuating bodies, so that persons dealing with

"them did not know with whom they were contracting and so

*might be put to great difficulty and expense which was a

"public mischief to be repressod".

The Registrar of Companies is also of

opinion that this provision should be retained in the Bill.

I would call attention to clause 111 of

this Bill. This clause will be objected to by the Chinese

(see information required to be given by Form C of the First

Schedule.)

29th. April, 1910.

(84.) 7. A. Hazeland,

Attorney-General.

O'ZE