CO129-461 - Governor Sir Stubbs - 1920 [5-7] — Page 315

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BIT

TecETI .A.I .bg

. Lorenst-IrenoC

Copy.

No.34/20.

sir,

Shanghai,

21st April, 1920.

311

As suggested by Mr. Lampson, then H. M. Charge d'Affaires at Peking, in his despatch to you No.58 of March 26th,

last, you have further consulted me as to the advisability of

complying with the suggestion which had then been made by the British-American Tobacco Company (China) Limited that in view of the difficulties, arising out of the nature of their business in Chine, which that Company would have in complying with the requirements of the China Companies (Amendment) Order in Council

1919 as to general and substantial British control of the Com-

pany, an amending Order in Council might be made giving H. M. Minister power to grant licences to British 'China' Companies, in any approved case, to retain the management of such a Company

in non-British hands.

The British-American Tobacco Company (China) Ltd. have by their letters to you of the 6th, 9th and 14th instant, detailed, for your approval, a scheme for the transference of

the real management and control of the Company, and its subsi- diary China Companies, from Shanghai to Hongkong.

As Registrar of Companies, and after consultation with myself, you are prepared, in accordance with the provisions of Article 4(3) of the Hongkong Companies Ordinance 1915, to transfer the register of the Company to Hongkong. If the pro- posals made by the Company are carried out, as there is every

reason, I understand, to believe they will be, then the grounds

upon which a revision of the China Companies (Amendment) Order in Council of 1919 was urged at Peking by the representative of the Company in February last, would disappear.

As to the Shanghai Cotton Manufacturing Co.,Ltd.

hitherto under non-British control, the proceedings in H. M.

Bir Everard Fraser, K.C.M.G.,

H. B. H. Consul-General and

Registrar of Companies, Shanghai.