CO129-567-10 Companies Amendment Ordinance- draft bill 15-9-1938 - 28-9-1938 — Page 3

CO129 Colonial Office Hong Kong Records 理藩院香港檔案 All

3

by

the Reserves jemne

jemont on which Bd. off. objections have been based.

on their Frant

The dismission declined a certain ach of approvation of top

The circundances in the ut

in song Hong - which differ, considerably from fill

it

frained

by

them was

from his outsona experience in the Colony wr Young vid wer

It is a common pracker for i lange roportion of the assets of or Company,

Duch asw

banking Co, to be employed in China co that a lien on the

in with. is deserable. asset's heed in H.M. in favour of depositons (areditivo in oth. in

was offosed to this discrimination on General Gromats & partecidedly chid By: B/I min was offosed to this discrimination

Fored to uphold the frommaple in order to strengthen

Ana sathicalar

country f

on abeuntial

degree,

in they have

alway

protests against foreign legislation which descrimalis agonist UM. creditors four podest agamist Insurance ingislation, which Twoides for issels the head sufficient & cover fissured wibilities in that country).

Ja

was agreed; generally,

however that of the section

in question were amended to as timit it's affect to breaking

& Freas. Reis would be met. In view, however,

resiness both By

of

various points of local practice the section shored be to drawn as it

apply

lite

f

to businesses which do not include to word" banking

Na

ratusibly?

in this

inciners which is not frommarily & banking insiness but which

in practice transacts such business,

morsion

ist

vil was inggests that the

shoned be made

quie

the Governor in Comnil the

Le consider

regarding wo

1 Cerculati in

draft of the terpalit

power to extend the effect of the section to such businesses

woper.

It was

agreed

من

amanded section or sections to Press. &B). For oncurrence

AlBouk

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