CO129-426 - Public Offices - 1915 — Page 411

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I think Wilkinson is quite wrong, and if we make no satisfactory arrangement on the subject the winding up of a company limited by guarantee will entail a great deal of trouble with regard to foreign contributories.

I sent the papers to Payne of the Board of Trade to look at, and send you a copy of his letter of January the 18th. His remedy is to my mind too drastic. There are purposes for which companies limited by guarantee are a convenient and reasonable machinery, and the very purposes for which they are most required are concerns from which it would be very difficult to exclude the foreigner. Under these circumstances I have drafted a new Article which

and I think should be added to the Order in Council, which I think will meet the difficulties of the case.

I send you a copy of it.

On July the 27th 1914 you sent us copies of your telegram to Hong Kong of July the 22nd and the answer of July the 23rd. The latter

proposed