CO129-416 - Public Offices - 1914 — Page 324

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BOARD OF TRADE,

23rd March, 1914.

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(bangi)

I am directed by the Board of Trade to refer to

your letter of the 5th March transmitting copies of

two drafts of King's Regulations to control dealing ·

in companies' shares by British subjects in China,

together with correspondence on the subject, and in

reply I am to say that so far as the drafting of the

proposed Regulation is concerned the Board prefer the

draft which has been prepared on the instructions of

Sir E. Grey to the draft prepared by Acting Judge

Bourne. The latter draft contains a provision that

a contract shall be unenforceable "any practice or

custom of trade or of any Stock Exchange notwithstanding"

and some such provision would appear to be desirable in

order to make the Regulation effective. The Board of

Trade, as at present advised, are also disposed to

concur in the suggestion contained in the letter from

the China Association of the 24th February that the

words

Under Secretary of State,

Foreign Office.

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