C
A 1287.
20 JUN 1989
4, MILLBANK,
39
WESTMINSTER,
LONDON, S. W. 1.
➡7730)
ABBEY
29th June, 1938
7
Dear Gent,
Thank you for your letter of the 28th June, No. 53600/37,
I have looked through
about the Hong Kong Companies Ordinance.
the papers and I have no wish to make any comment upon the terms
of the draft despatch and memorandum, with the one exception
which I mention here, but which has no doubt been carefully
considered.
The exception relates to the proposed new Section 353 (2)
It seems to me that in the circumstances of Hong Kong with its
peculiar relation to Chinese activities throughout Southern China,
it is very desirable that the Government of Hong Kong should be
able to control the activities of locally registered banks which
might wish to extend their operations into China. Unless the
Government
possesses some such power, it seems to me, who'
have a complete ignorance of the subject, that there is a real
risk of Chinese banks being established in Hong Kong in order to
G. E. J. Gent, Esq., D.S.O.,
O.B.E. M.C.
/get
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