CO129-406 - Public Offices - 1913 — Page 326

324

C

(44991/13)

in clauses 2, 3 and 4, of which your Department is directly

concerned only with the first two.

Clause 2.

The definitions of "China Company" and "Hong Kong

Company" have been changed. The important alteration is

that which required every Hong Kong Company, if it is to

be a "Hong Kong Company" under the Order, to be controlled

from Hong Kong. A company limited by shares which is

incorporated at llong Kong but controlled from China will be

a "China Company"; if controlled from Hong Kong, it will

be a "Hong Kong Company". The object of this alteration

is to prevent a company from securing immunity from the

restrictions imposed on China Companies by keeping up the

pretence of a branch at Hong Kong.

Clause 3 constitutes the Consul-General at Shanghai

Registrar of Companies at that place and bestows upon him

within the limits of the Order authority similar to that

exercised by the Registrar: of Companies at Hong Kong.

Clause 4 has been expanded with the intention of

securing effective control over the operations of companies

in

Bat