CO129-613-4 Transfer of registration of China Companies from the United Kingdom to Hong Kong 16-4-1946 - 3-2-1948 — Page 143

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more expedient to deal with them in this manner as they

had more in common with the China Companies registering

here from China than with the Hong Kong Companies which

transferred away from Hong Kong. Furthermore, some of

them may now wish to change the currency of their capital

and for this reason, if for none other, it appears preferable

to include them with China Companies.

Additional reasons

for keeping the two categories separate are to be found in

some of the provisions of the Companies (Cessation of

Emergency Status) Bill mentioned above which are not adapted

to the particular requirements of China Companies. The

new Articles of which a copy is sent herewith, provide that

the mere passing of the necessary resolution determining

the temporary registration elsewhere and the requisite order

to that effect in appropriate cases bring a Company automatically

into the same category as other Companies transferring from

China.

16.

The two additional Articles are intended to be

added to the Emergency Registration of China Companies

Proclamation by the procedure laid down in the Law Amendment

(Transitional Provisions) Ordinance, No. 2 of 1946.

17.

18.

I should be grateful if I might receive your

observations on this draft legislation at your early convenience.

I consider it important that Government should be

able to inform China Companies which have registered in the

United Kingdom exactly what information and documents the

Board of Trade will require from them before making an order

under Regulation 5 (a) of the Defence (Companies Regulations)

1940, and I should therefore be glad if you would obtain the

necessary information.

19.

I note that the Regulation in question refers to

the "country of origin". As China Companies were incorporated

in accordance with the law of Hong Kong, I consider, and it