CO129-574-19 Trustee Ordinance- 1934- proposed amendment 7-12-1938 - 7-12-1938 — Page 2

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

C. I.

1. Gov. 88

889

4.12

2

(Encs arc. bill for cont

axxval.)

x appoal.

? Subject to hegal & Mr. Boope's brous, approve.

No obsons

A. N. Galsworthy

25/12

bor Dale.

23.12.

The Eovernor's attitude Deans of he correct. I do not think

that

any

Question of formsiple

areses in which

Bqf

~

Greasury

That S.JS.

are interested fat copies might for to thor Diyle saying

k

proposes it approve the initisduction of the Bee into the hog G.

For Gant.

27

di/an

Refer to Treasury &D. of I. (Companies Dyt.)

as propout telling each.

DESTROYED UNDER STATUTE

To Treas

3. To. BIT.

DESTROYED UNDER STATUTE

791

G.d. M. Canon

29/2

Jattend andft

-

cous. 13. 1. 37.

Pag

Copyto Treas

or m

BIT. 3.

Pag

No. 889.

Sir,

Leon

3 END

GOVERNMENT HOUSE,

HONG KONG.

7th December, 1938.

I have the honour to inform you that representations

have recently been made on behalf of the Hong Kong and Shanghai

Banking Corporation that they are desirous of becoming a trust

company under the Trustee Ordinance of 1934. It is thought

undesirable in principle that such status should be conferred

on the Hong Kong and Shanghai Banking Corporation individually,

and I consider that it would be preferable that the Ordinance

should be amended in general terms so as to permit them to

proceed under it.

2.

The draft of a bill, a copy of which I enclose for

consideration, has therefore been prepared in consultation with

the Bank's solicitors, empowering the Governor-in-Council to

grant the status of a Trust Company, subject to certain

conditions, to any banking corporation.

3.

In view of the provisions of Article XXVI (4) of the Royal Instructions, I shall be glad to receive your approval of the bill before its introduction into Legislative Council.

I have the honour to be,

Sir,

Your most obedient, humble servant,

(... buttare

Governor.

THE RIGHT HONOURABLE

MALCOLM MACDONALD, M.P.,

&C.,

&c., &C.

ge 3

ge 3

53971

..

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