CO129-613-4 Transfer of registration of China Companies from the United Kingdom to Hong Kong 16-4-1946 - 3-2-1948 — Page 111

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As regards paragraphs 4 to 10 of your despatch regarding the conversion of capital of a China Company

it is suggested that legislation might be enacted under which a China Company should be allowed to convert its capital if it so desired, subject to a resolution to that effect by the shareholders and to the consent of the Registrar of Companies instead of the normal method of obtaining the consent of the Courts; or of the Governor in Council (seo Article 3 of the Military Proclamation No. 27).

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I have no observations to make on the Bill which makes provision enabling Hong Kong Companies which transferred their registration from Hong Kong during the war to return to Hong Kong, and the Articles 4A and B which makes similar provision in respect of China Companies which transferred their registration to the United Kingdom during the-war.

Paragraph 18 of your despatch. Please refer to paragraph ↳ of my savingram No. 20 of 20th May 1946,

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Paragraph 19. The term "country of origin" in Regulation 5A of the Defence (Companies) Regulations 1940, is used to describe the country under the law of which a company is incorporated. It seems clear, therefore, that Hong Kong is the country of origin of China Companies. I do not, therefore, see any legal objection to an order being made with respect to such a company under the Regulation in question,

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