CO129-554-4 Companies Amendment Ordinance 1935 7-1-1935 - 17-12-1935 — Page 27

Enclosure in Shanghai P/L despatch to Peking Number 302 of July 19th, 1935.

(COFY)

British Consulate-General, 27

Shanghai.

Conies to: Feking, No. 302,

July 19th, 1935.

Diplomatic Mission, Nanking, Crom Advocate.

sir,

I have the honour to enclose, for Your Excelleney's

consideration, a copy of a communication which I have

received from the Secretary General of the Shanghai

Hunicipal Council calling attention to the fact that by

the amendment introduced into the liongkong Companies

Ordinance by Ordinance No.29 of 1933 the Comcil was

deprived of its legal claim to priority in respect of

rates due by China companies in liquidation, and express-

ing the hope that it may be possible to restore the

former position.

2. Vith regard to the extent to which the matter

is of prectieal importance to the Council, I learn that

during the past two years the Council has twice received

priority in respect of claims for rates in the winding

of China companies, but that in a case now proceeding

priority has been refused owing to the amendment in the

Ordinance. I am also informed that the Council receivé

preferential treatment where winding up takes place

under the jurisdiction of the Belgian, French and

Netherlands authorities.

3. It would certainly appear that the position of

authorities such as the Shanghai mieipel Comcil was

overlooked when the amending Ordinance No.29 of 1933 was

passed, and I venture to suggest to Your Excellmcy that

cese is one which calls for remedial measures.

His Excellency,

The Officer Administering the

I have the honour to

Dir,

Your Excellency's moat

obedient servent,

Government,

HONGKONG.

(sa) J.F. Branan,

Übn sul-General.