CO129-437 - Public Offices - 1916 — Page 524

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have their registered offices in hongkong. The Ordinances contains full provisions as to the management and administration of such Companies,

as to the duties of Directors, as to accounts, as to

audit of books, etc. The Ordinance does not

attempt to apply these provisions to Companies not registered under the ordinance, but it has a specia part (Part 9) containing provisions as to Companies

incorporated outside the Colony which establish a

place of business within the Colony, and Pome

Companies which carry on business in Hongkong are affected by Part 9 of the ordinance only, which

sets out the requirements with which they are bound

to comply in Hongkong. If, therefore, the Crown

Advocate's view is adopted and the rain body of

the rdinance of 1911 is attempted to be applied

to liome Companies carrying on business in kina,

the effect will be that such Companies (or rather

the local Branches of them) will have to attempt

to carry out provisions which are essentially

applicable only in the case of a Company whose registered office, management and administration, books and records, are in Hongkong or chins as the

case may be, It is in fact, impossible for a

Home Company to comply with such requirements as

if it were a longkong or China Company, as a con-

sideration of the Clauses relating to such questions as the books which are to be kept at the registered

office, the requirements as to the returns of allott-

ment of shares, register of share holders, audit,

·

etc..

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