CO129-417 - Public Offices - 1914 — Page 74

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

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Note on some points in the draft Companies Order in Council.

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In the course of a conference with Sir E. Fraser

on the draft Companies Order in Council three points

cropped up which deserve attention.

1.

What is the effect of the exclusion of companies limited by guarantee?

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2.

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What is the effect of Article 17 of the

draft?

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3.

What control have His Majesty's Officers in China over Life and Fire Insurance Companies?

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1.

Companies limited by guarantee are of two

classes:

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Companies without a share capital, and

companies with a share capital.

The inclusion of companies limited by guarantee

in the definition of "China Companies" as suggested

by all those concerned with the matter out here, was

rejected at the Foreign Office, as far as I remember

because the general provisions of the Order in

Council would be inapplicable to the class of com-

panies which we had in view, that class being those

without a share capital, which exist for social and

charitable

V. I

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