CO129-375 - Governor Sir Lugard - 1911 [1-2] — Page 343

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334

Again the suggestion that the Shanghai Registrar should keep a list of directors and a copy of the memorandum and articles is, it is submitted, unnecessary inasmuch as such informa- -tion could hardly readily be obtained in Shanghai or in any place where a company was carrying on a principal part of its business, or

failing that, a certified copy of the memorandum and articles could readily be obtained at any time from Hongkong.

We mention these two points because they have a bearing on the fiscal question as between Hongkong and Shanghai, 29 Sir Havilland remarks that an extra salary might have to be paid to the Shanghai Registrar.

With regard to fines and penalties it is submitted that they ought to form part of the Hongkong Revenue, subject

to Hongkong reimbursing to Shanghai any extra expenditure which may be

incurred by Shanghai in pursuance of the proposed Order-in-Council.

We acquiesce in the suggestion that any amend-

-ments to the Companies Ordinance should not become binding in Chine

without the sanction of the Secretary of State for Foreign Affairs.

6th. February, 1911.

(Sa.) W. Rees Davies,

Attorney-General.

(Sa.) H. E. Pollock,

K.C., M.L.C.

(Sd.) C. G. Alabaster,

Barrister at Law.