CO129-384 - Public Offices - 1911 — Page 414

py.

2415/11).

28439

RECS REGE 30 AUG 11 Paraphrase of Telegram from dans oral Fraser,

Shanghai, dated August 24th, 1911.

411

:

Assistant Judge, His Majesty's Court for China and

Corea, telegraphs that the legal faculty of Shanghai

have made a most serious complaint with regard to the

action of the Hong Kong Courts in the case of the

British Companies trading at Shanghai, They say that

the Chief Justice refuses to make any Order for reduc-

tion of capital in connexion with these companies, or

any similar Order. This is the more incomprehensible

to them inasmuch as the Registrar's certificate at

Shanghai has always been held conclusive in the case of

such companies which the Government of Hong Kong has

not ceased to register. No application to wind up

has been made at Hong Kong, though the court there

could advertise their notification to crealtors without

difficulty at Shanghai. The barristers have been told

that appeal is their only proper remedy. Nevertheless,

in view of the serious predicament an exceedingly large

amount of British capital is in, I have consented, at

their request to inform you by telegraph.