CO129-567-10 Companies Amendment Ordinance- draft bill 15-9-1938 - 28-9-1938 — Page 74

Cos.7019/37.

W

2

74

29th September, 1938.

Dear Boyse,

With reference to our talk yesterday about the

Hong Kong Companies Ordinance, I understand that the

general conclusion agreed to was that Clause 275A should

be confined to companies having the word "Bank" or

"Banking" in their title or which the Governor, on the

advice of a Banking Council, was satisfied transacted

banking business. These are, of course, not the exact

words, but they convey the idea. It was also suggested

that the Governor should be consulted as to whether it was

necessary to go so far as to include companies which, in

his opinion and on the advice of the Council, transacted

banking business.

I promised to let you have our full objections and I

enclose, for your confidential information, two minutes by

the Senior Official Receiver in Companies Winding-Up on

this subject.

While we are in general agreement with his view that

/it

V. H. Boyse, Esq.