CO129-417 - Public Offices - 1914 — Page 80

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77

deposits and returns in Hongkong as heretofore, and

they are subject to the control of the Court in Hongkong,

If however it is desired that a China company

should make its deposits and returns in Shanghai, an

addition to Article 3 (3) to cover acts done under the

Life Insurance Ordinance would be necessary and to give

the Court direct power it should be added to 14 (1);

or to cover both these Ordinances should be included

in the term "the Ordinance".

No doubt a great deal can be done through the

Registrar in Hongkong, but I appreciate the desire of

those responsible for the probity of British companies

in China, to have direct control of the fulfilment of

their obligations by such companies, and of their own

register on which a China Life Insurance Company would

be inscribed. It would be better that the Registrar in

Shanghai should have the power to strike a company off

the register of China companies and the Supreme Court for

China should control this power than that the regis-

trar in Hongkong should have to be invoked. There

are other powers as to winding up which it would be

as well to be able to exercise here.

11.3.1914.

(Initialled) H. de S.

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