CO129-420 - Governor Sir May - 1915 [1-2] — Page 83

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Lord Dennan in delivering judgment in favour of the

Company said:-

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.EBNO JAGBstą sɗd ni bestu ad bfpoo doldw

"It was contended, that the effect might be to defeat the "object and policy of the navigation laws in this respect, "inasmuch as the individual members of the British cor- "poration might, either originally or by transger, be all

"foreigners.

Such does not appear to be contemplated

If it be casus

"or provided for by the act in question. "omissus, and evil consequences arise, they may be re-

"medied by the interference of the legislature, or, possibly, "though we do not wish to be understood as giving any "opinion upon this point, by repealing the letters patent, "as improvidently giving powers operating to defeat the "law and public policy, and, in future patents, by pro-

But, as the case stands, "viding against the objection.

it seems to us that the British corporation is, to all "intents, the legal owner of the vessel, and entitled to "the registry, and that we cannot notice any disqualific- "ation of an individual member, which might disable him, "if owner, from registering the vessel in his own name", The Phranang Steamship Company, Limited of Hongkong was in time of peace incorporated in accordance with the Hong Kong Companies Ordinance, 1911, which by section 3 provides

that:-

"Any 7 or more persons (or, where the Company to be formed "will be a private company within the meaning of this "Ordinance, any two or more persons) associated for any "lawful purpose may, by subscribing their names to a "memorandum of association and otherwise complying with "the requirements of this Ordinance in respect of regis-