CO129-561-6 Companies Amendment Ordinance draft bill- correspondence 18-1-1937 - 6-7-1938 — Page 66

RECEIVED

6 - AUG 937

C. O. REGY

4, MILLBANK,

WESTMINSTER,

LONDON, S. W. 1.

(VICTORIA 7730)

5th August, 1937.

66

5.

Dear Gent,

I have examined the Bill to amend the Hong Kong

Companies Ordinance enclosed in your note (53600/37) of

29th July.

I find it difficult, however, to form any opinion

on the merits of the Bill without the background of an

explanation of the banking situation which the Bill is

designed to remedy.

N.E.Young made some observations about

it in his unofficial letter to Vernon of 24th September, 1935,

but they did not of course purport to be a complete account

and the AttorneyGeneral's report on the Bill gives little

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help in this respect.

I can only therefore offer such

весн

Ca

comments as occur to me on the Bill as it stands.

Clause 6 of the Bill empowers the registrar of

companies, a civil servant, to impose fines on companies.

The fines are small, and the clause is apparently taken from

an existing Straits Ordinance, but it seems to me objectionabl

in principle.

G. E. J. Gent Esq., D.S.O.,0.B.E., M.C.

mer

10

/As

CA