CO129-462 - Governor Sir Stubbs - 1920 [7-10] — Page 110

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under the Hongkong Ordinances, end the despatch of His Excellency the Governor of Hongkong, now under consideration, gives oppor- tunity for the suggestion that, as the protection accorded to China companies is Imperial and not Colonial, a substantial part of the fees paid at Shanghai might well be allocated to the expense of maintenance of H. M.'s Consular Service in China.

On May 15th 1919, you as Registrar of Companies at Shanghai, in commenting on the proposals of the Hongkong Govern- ment as to the financing of the Shanghai Registry, wrote to H.M. Minister, Peking, as follows:-

"I am strongly of opinion that the very large revenue to be derived from the Registry of Companies, which promises to be not less and probably considerably more than $100,000 a year, should be devoted to the maintenance of the public service in China rather than to the Colony of Hongkong, whose only claim would seem to be the adoption of its legislation".

"The preceding point is of course one which raises issues of a magnitude which places it far beyond my province: but failing the possibility of such a policy, I would advocate the contribution by the Hongkong Goverment of at least £10,000 a year to the Consular Chest, representing one-half of the salary and allowances of a Consular Officer (a Vice-Consul with a salary of £800 a month), one-half of the salary of a clerk (at $100 a month), $250 a month towards the adequate remuneration of the Crown Advocate, and $100 a month towards rent and office expenses, the last-named being then included in the general expenses of the Consulate."

If it is still thought impolitic to provide for the extraterritorial incorporation of British Companies in China, they could be incorporated at Weihaiwei, where, for local needs, the advisability of suggesting the making of a local companies ordinance has for some time been a matter for consideration.

I have, etc.

sd.

H. P. WILKINSON,

Crown Advocate.