CO129-395 - Public Offices - 1912 — Page 525

SIG

JA

518

and the

go behind the register of shareholders;

beneficial owner would by employing a British

trustee submit his shares to British control.

The aim of the special contract suggested in

my despatch, No. 31, of 18th March,1911, would

thus be attained.

The question of the nationality of the pro-

moters of companies has been omitted both by the

Judge and by the Assistant Judge. The director-

ate is doubtless more important and I surmise that

the provision concerning its constitution is taken

to render the safeguard as to promoters, which the

Judge last karch favoured as preventing reckless

promotion, superfluous.

I gather that the Judge disapproves of the

Consulate local registers provided in the enclosure

to your Cicular Despatch Accounts Series of 26th

February, while retaining the reservation of the

Secretary of State's discretion to refuse recogni-

tion and protection to any company in China. Such

refusal

5