CO129-520-7 Public Utility companies- acquisition by foreign groups 4-12-1929 - 26-1-1930 — Page 41

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3.

If you doubt whether

your powers under the Emergency

Regulations are sufficient, you

may wish to consider the

advisability of passing an

Ordinance providing for British

control in the case of all future

public utility undertakings. It

x (Surely this is an

unsafe figure to suggest in H.K. ?)

"This note refers to a figure 4/56 in the original drafte

might be stipulated, for example,

that the majority of the

Directors, or of the partners,

must be British subjects, and

that the principal officers and

some fixed percentage of the

employees, must also be British

subjects. For the purpose of

such legislation, public utility

undertakings would be defined, by

enumeration, with power to add to

the classes of undertakings so

enumerated, by notice in the

Gazette.

4.