CO129-462 - Governor Sir Stubbs - 1920 [7-10] — Page 111

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

S01

Shanghai,

21st April, 1920.

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No.34/20.

Sir,

As suggested by Mr. Lampson, then H..Chergé 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 (Chine) Limited that in view of the difficulties, arising out of the nature of their business in China, which that Company would have in complying with the requirements of the Chins Companies (Amendment) Order-in-Council

1919 as to generel 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 com-

pany 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 Chine 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.

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

H. M. Consul-General & Registrar of Companies,

Shanghai.

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