CO129-395 - Public Offices - 1912 — Page 486

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482

not be forgotten that we don't want to hamper business

In any case it is difficult to legislate without being

oppressive in some cases, whilst by reducing the value

of each share, a holding of ten or twenty shares could

be rendered illusory. Penal legislation seems quite

out of place.

Section 76 (2).

Why is Manager onitted?

person in China, when Companies are very often

"managed" by a secretary and general manager.

He is a very important

However

see definitions.

Section 81.

Insert after "outside the Colony" the words

"elsewhere than in China". Otherwise a China Company

will have to keep & seu in the Colony.

Section 95. proviso.

This ought not to apply to mortgages in China by e

China Company. 95 should apply and particulars should

be filed in Shanghai in duplicate.

Section 97.

Nationality of receivers and managers is provided

for in draft Order-in-Council.

Section