CO129-453 - Acting Governor Claud Severn - 1919 [1-3] — Page 399

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Enclosure 2.

RES

380

24102

REU 21 APR 19

ATTORNEY GENERAL'S CHAMBERS,

Hongkong....th.M..A.F..f..h.191 9

REPORT ON ORDINANCE No.........

................of 191 9

1.

I have examined the accompanying Ordinance intituled

An Ordinance to authorise the Union Insurance Society of Canton

Limited to convert its silver capital into gold,

and I am of opinion that the Ordinance is one which is not contrary to the

Governor's Instructions.

2. The object of this Ordinance is to enable the Union Insurance

Society of Canton Limited to convert its capital from silver into gold by a special resolution to that effect to be passed by the

shareholders.

The directors consider this desirable because the

great bulk of the Society's business is carried out in countries where a gold currency prevails.

3.