would appear to be an undesirable limitation, as it would
be difficult to ensure that the shares on the branch
register should always be held by persons resident in the
place where the register was kept, especially as residence
is sometimes a difficult question.
4.
Section 2 of this Ordinance gives statutory authority
to a practice which already existed in Hong Kong and which
is obviously necessary. It provides for the list of
authorised auditors being divided into two parts, one for
persons qualified to audit accounts kept in English and the
other for persons qualified to audit accounts kept in
Chinese.
5.
The bill was submitted to His Majesty's Consul General at Shanghai and to the British Chamber of Commerce there,
and neither had any comment to make on it.
6. In my opinion this is an Ordinance to which His
Excellency the Governor may properly assent in the name of
His Majesty and on His behalf.
Attorney General.
29
END
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