CO129-445 - Public Offices - 1917 — Page 524

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Any further communication should be addressed to

THE ASSISTANT SECRETARY (MARINE DEPARTMENT), And the following letter and number should be quoted:-

M 19386.

Telegraphic Address,

BOARD TRADE, MARINE,

1

LONDON.

BOARD OF TRADE

REC

24743

519

REG 14 MAY 17

(MARINE DEPARTMENT),-

7, WHITEHALL GARDENS,

LONDON, SW 1.

12th May, 1917.

Sir,

"ith reference to your letter of the 30th April (No.20344/1917) enclosing copy of a despatch from the Gover- nor of Hong Kong respecting the British Ships (Transfer Restriction Act, 1916, I am directed by the Board of Trade

to state, for the information of Ir Secretary Long, that a company owning or mortgaging a ship possesses the whole interest in the ship, and the various shareholders have

technically no "interest" in the ship as they are unable to do anything in regard to it in their private capacity. There is, therefore, no objection to a company with foreign shareholders signing the declaration prescribed under the Act unless the company is foreign controlled within the mean-

ing of the Act.

RC

I have the honour to be,

Sir,

Your obedient Servant,

The Under Secretary of State,

Colonial Office,

S. 17 1.