[This Document is the Property of His Britannic Majesty's Government, and should be
returned to the Foreign Office if not required for official use.]
93
From CHINA.
Telegram (en clair) from Sir M. Lempson (Nanking via Peking)
27th March 1931.
D.
R. 10.0 p.m. 28th March 1931.
No. 84. Tour.
Treatment of companies.
registratio
"So long as in Great Britain Chinese companies,
firms, partnerships or corporations enjoy as regards
taxation, the right to carry on business and access to
the courts, treatment not less favourable than that
accorded to the companies of the most favoured foreign
country, companies, firms, partnerships and corporations,
incorporated or organised in accordance with the laws of
His Britannic Majesty and operating in China shall, provided they comply with the provisions of Chinese law
relating to the regulations of companies, be entitled to all the rights and priveleges enjoyed by Eritish subjects under this agreement, including the rights enjoyed in Chinese courts, whether as plaintiffs, complainants or defendants. Such companies, firms, partnerships or corporations and the branches, agencies or representatives. shall not be subject to discriminatory treatment, and as
regards national, provincial and municipal taxation shall
only be taxed in proportion to the amount of capital
actually employed respectively in China, in the province.
or in the municipality, or in respect of the profits and revenues which they have actually earned respectively in China, in the province or in the municipality".
Repeated to Peking No.143.
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