1907-10-05 — Page 9

THE NEW COMPANIES BILL,

Following is the text of the new Bill now before the Legislative Council:A Bill entitled An Orilinasce to amead the Law relating to Companies.

Whereas many companies registered under the Companies Ordinazoo, 1965, carry on busi xers in places ontside the Colony and dealings in their shares are frequent in such places, but there is a provision for kauping local registers, of members, and it is expedient that such and

visions as this Ordinanco contains be made in that hubalf.

Bs it enacted by the Governor of Hongkong, with the advice and consent of the Legislative Council thereof, aa follówn

1. This Ordinance may be olted for all purposes as the Companies (Extra-Colonial Registers) Ordinance, 1907.

2. "The Compazios Ordinance, 1865," is hereinafter referred to as "The Principal Ordinance"; and the Principal Ordinance and this Ordinance are hereinafter distinguished and may be cited as "The Companies Ordin snoer, 1865 and 1907;" and this Ordinancs shall, so far as is consistent with the tenor thereof, be read sad construed as one with the Prinsipal Ordinance,

inerals

3. In this Ordinauce : The term сотирану

s' compony registered under the Companies Ordinance. 1865, and having a capital divided into sbaros.

The term "shares" includes stook,

(1) The Governor-in-Council may at his discretion issue an annual licence to any company whose objects comprise the trousaction of burines outside the Colony, if such company in authorised so te do by its regulations as originally framed or as altered by special resulation, empowering such company to keep in any place in which it transacts business A register or registers of members.

(2.) An apunal fee at the rate of four eats for every hundred dollars of the paid ins

to capital of the company which the licenco is issued aball be payable in respect of such licence. Such few shall be paid to the Colonial Treasurer prior to the 30th June in

year.

(3.) The company shall give to the Registrar of Companies notice of the situation of the offics where any such register (in this Ordinanca called an extra colonial register) is kept or change therein, proposed to be kept and of any one oflee in

of the discontinuance

the event of the rame being discontinned.

(4.). An extra colonial register shall, as regards the particulars entered therein, be deemed to be a part of the Company's register of members, and stall bo primi facic evidence of all ņRr · ticulars untered therein. Any such register sball be kept in the manner provided by the Principal Ordinance, with this qualification, that the advertisement mentioned in ection 40 of the Principal Ordinance, shall be inserted in some newspaper circulating in the district wherein the register to be closed is kept.

shall transmit to its re- (5.) The COMPABY gistered office in Hongkong a copy of every entry in its extra colonial register or registers A Soon 25 Conveniently may be after such entry is mad, and the company shall cause to be kept at its registered office, dnly entered up from time to time, a duplicate or duplicates of its extra colonial register or registers. The pro- visions of section 30 of the Principal Ordinoco, shall apply to every such duplicate, and every such duplicate shall, for all the purposes of the Principal Ordinance, be deemed to be part of the register of members of the Company.

(6.) Subject to the provisions of this Ordinance with respect to the duplicate rogister, the shares. registered in an extra colegial register, shall be distinguished from the shares registered in the principal register, and transaction with respect to any share registered in an extra colonial register shali, during the continuatos of the registration of snob share in sack extra colonial register, be registered in any other register.

(7.) The company may discontinue the keeping-et any extra colonial register. and thereupon all entries in that register shall be transferred to some other extra colonist register kopl by the company, or to the register of members kept at the registered office of the company.

(8.) In relation to stamp duties the following provisions stall have effect

(a) an iostrament of transfer of a sharo registered in an extra colonial register under this Ordinance shall be deemed to be a transfer of property situated out of the Colony..

(U) Tho share or other interest of a decused member registered in au extra colonial register kept nader this Ordinancs shall so far as relates to-colonial probate duty not be deemed to be a

in part of his estate and effects, situated. the Colony for or in respect of which probate or letters of administration is or are to be granted or whereof an inventory is to be exhibited and recorded.

(9.) Subject to the provisions of this Ordin- ange

and of any relax made thereunder, any company may, by its regulations as originally framed, or as altered by special resolation, make such provisions as it may think it respecting the keeping of registers or extra colonial registers.

b. In any case where the Governor-in-Consil may be satisfied that it is inconvenient and un necessary for a company to keep its register of members at its registered office. he may in writing ualer the hand of the Colonial Secretary authorize such company to keep at such office only duplicate registers and from the date of auch antberization the register of members kept at the head office of each company shall be deemed to be the register of members bailer the Principal Ordinance and the company shall be deemed to have complied with the provisions of the Principal Urdinance with regard to registers of members if such register is duly kept under the provisions of the Principal Ordinance,

6.-L.) When the Registrar of Companies has reasonable cause to believe that a company is keeping in any place where it transacts. business outside the Colony a register of members without having a valid licence under this Ordinance he shall publish in the Gazette and send to the company a notice that at the expira tion of two months from the date of such notice the name of the company mentioned therein will unless canes to the contrary be shown be struok off the register and the company will be dis solved..

(2) At the expiration of the time mentioned in the notice the Registrar may, unless onse to the contrary is previously shown by the com pany, strike the name of the company off the register and shall publish notice thereof is the Gazette and on such publication the company whose name is so struck off shall be dissolved: Provided that the liability, if any, of every director, managing offer, and member of the company shall continue and may be enforced as if the company bad not been dissoved.

(3.) If any company or member thereof fevis aggrieved by the name of anch a company having beon struck off the register in pursuance of this section, the company or member may apply to the Court, and the Court, if it be satisfied that it is just to do so, may order the name of the compay to be restored to the register and there- upon the company shall be deemed to have con- Linned in existance as if the name bad never: been struck off; and the Court may, by the

THE HONGKONG DAILY PRESS, SATURDAY, OCTOBER 5rx, 1907.

order, give snob directions and make anch provisions sa neem just for placing the company and all other persons in the same position, as nearly as may be, as if the name of the company ha-never been struck off,

7. If a company makes default in complying with any of the provisions of this Urdinance or of any rule or regulation made thereunder, such company shall be liable to peusity not orooding 250 for every day during which it is

in default.

8. The Governor-in-Council shall have power to winke rales and regulations for the better and more effectual currying out of the provisions of this Ordinance.

Objects and Reasons.

Tau object of this Bill is eet forth in the preamble. The Bill follows generally the lines of the Companies (Colonial Registers) Aot 1881. The Governor-in-Connoil is empowered to relieve a company from the necessity of keeping its register at the registered office in Hongkong. In such case tho register kept at the head offles of the company is to be deemed the gister kept under Ördiusuce 1 of 1865,

H. H. J. GOMPERTZ,

Attorney-General.

GRASS-WIDOWS.

ƒ.

There have been-a-great many marriages this season-there alway are--and in even case thinking friends must have felt the danger besetting the young people from the very threshold of the ohnron From that moment they are boing thrown at one another bead absolutely and entirely. They go to a cenutry house lent for the oosssion, er they gallopaorces the Continent. For twenty-four hours in every twenty-four they are thrown together, and avoided, yes, shunned, as though they had the plague, by every one else. Could a greater strain be possible than this? It is as likely to bring disaster on matrimony as too much freedom resorted to later on.

There is no doubt about it that this honey moon situation is difficult one. From the very moment of their cstara to ordinary civilised life there is a certain desire on both sides for more freedom, ■ little release from this tax tightly tied bond of the honeymoon.

Perhaps a soupçon of jealousy of the "in- laws" has stepped in; it may only be trifling re-jaslousy, but it is a green monster that quickly ramon alarming proportions. The little wife, lett alone all day in surroundings that, ars zow and strange, learns to Book amusement elsewhere, unless her husband makes his time st home so agreable to her that she lives gleefully anticipating and preparing for his return from the mument her beloved, one passes out of the door.

BY MRS. ALEC TWEEDIE,

Grass-widows are manufgetared wholesale in India. They originated in the East. Women from the West could not bear the excessive host of summer-often, indeed, could not stand the Indian climate at all. Thus it was they and their children were frequently sent home, while the men puraned their designation grass-widow" do arowe the

People grow old the moment they give up doing the things they have been accustomed to people grow apart, the moment the courtosies of the first days of matrimony are laid aside.

Be as polite and thoughtful to your wife as you were when you were a-courting, and she will never want to be a grass-widow,

Neglect on either side begins the breach, which widens with alarming rapidity:

Then, again, the strenuousness of modern lile Climate and the necessities of health tore the wife from her husband_de_ando grass-obliges men to spend more and more time at their basiness or attending to their professions. Lay by day a man finds himself more engrossed,

widows were born.

Nowadays in the West-that is to my, in the United States-grass-widowern are just as common, but not fram causes of climate or health. In America the men have no time for leine. The wom. have a distinct inclination for pleasure. It is not a matter of health at all, though occasionally children's education in made an excuse for a trip of pleasure roand Europe, while Poppa sits at his desk at home.

Both these armies of grass-widows and gruss-widowers assumie that fascinating position of independence for months at a time. might almost say years,

One

Grass-widows are springing up like mush- rooms in Eigland to-day, where The trop las be more especially prominent and fashionabis this season. No doubt this is largely due to the American invasion. Our sisters from over the water have taught us to enjoy hen-parties, to appreciate well-dressed little faucheous with our owa sex, and abown us that it is possible to go to the theatre or anywhere else quite easily

without the escort of a man,

and thus the married woman is soon loss add Jess with her husband as time goes on. Other men and women tell her how clever she is, bow pretty she looks, how wall she keeps her home. Those little words of comfort and encourage nient naturally become preferable to the eternal growls of an over-tired husband, who thinks it his role to do nothing but grumble From the moment he steps across his own threshold

How many husbands tell their wives they s look nice, or that they admire their lates! Int ur a new dres; that they have appreciated the little delicacies at dinner, that the dowers Ink pretty in the rooms, or that the children are well behaved? Yet all these omausto from the woman, who, in nine cases out of ten,-gets-no- encouragement from bar lord and master, but instead bears the brant of all the ill-temper cumulated in the city or the consulting-room daring the day.

Quite lately the son of an eminent manu re marked to me-

"I believe that my father is said to be an excellent raconteur. Do you find him so?

**Certainly,"

"One of the very replied beat in London."

The young man looked mail.

Really?

he said, “Knygostionably," I replied. you doubt it "

Haggling over money brings disconleut, sud discontent parts lives and leads to separate interests and grass widow-hood.

However, it is not entirely due to neglect by husbands that grass widows are so prevalent. There are many stapid little women to whom the word "domesticity spells naught, whose homes are neglected, and whose husbands are driven to seek amusement chewhere. This is not right. Too much liberty is as bad as too tighty drawn bonds. Too many outside friends lead to new intorests and neglect of common ones; and, if men and women ruu too far apart, they get at last to be indifferent not only to one another, bit to all their mutual friends and interests, even to their very home and their children.

Marriage is a queer game, Give and take". is its essential motto. If women dressed their t best for their busbands, planned-their-nicest little minua mot them with a smile, and tried to take an interest, in all their doings, there would be fower gress-wilowa.. amiable at home, a little moro grateful for nats of kindness; there would be less asuse for grass is the greatest tonic towards better things. widowhood Praise is always sweet, and praise

If men were a little more considerate and

aven, a better time than a widow, for she has as Of course, a grasa-widow has a good time, manol freedom as she wants or so little. Every at heart courtier to every woman to whom he is not tied..

"Hurbands, be kinder and more ounaiderate to your wives! Wives, be nicer and more sym- pathetic to your husbands! And we shall conse to hear the eternal, harangue uttered with a sneer against grass. widows,

That grass-widows are increasing in number is an undonited fact, but it is a fact to be deplorad nevertheless, for, after all, the very. rock-bed of a nation is its home life, and without home life, oynicism, egoism, and selfishness strangle the better teenage and human ayın pathies to be found somewhere hidden in every man and woman.

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Grass widows are on the increase. Grass widows are everywhere, Men go offer big, game expolitious for months at a time; or they hare este in the Home of Commons, which leave their wives at home in the country; or necessitats their being in London, while they they take trips abroad for "business" while their wives are loft to look after themselves. This is all very well. A certain amount of

Because he never opens his lips at home good thing. But grass. independence is a widowdom and grass-widowerhood seem becomexcept to grumble at my mother, swear at the ing so fashionable that it is rare to see a husband servants, or abuse the dinner." and wife together in society, and they apparently seldom meet excap at their friends houses.

Woman's uphers should be her home, but the world must be her borizon.

Bridge has a great deal to do with the multiplication of grass-widows. It is rarely that husband end wife both care for the game only game which, though on the decrease, has probably done more to widen breaches in home life than anything in modern days. Mon have lost their money, and women are sufarad. Women have gambled, too, and then their bouse has been neglected, their all has bron in jeopardy, and the peace of the home has been destroyed How many instances do we all know where

little bridge" enjoyed by the husband or wife outside the home circle has ouded in family rowe, loss of temper, sad money, and temporary bridge widow-hood Las ended in permanent separation.

If man marries the wrong woman he has no one but himself to blame. He das all th world to choose from; let him shoots well. The woman's choice is limited, but she is generally wins enough to make the ke she ca of her bargain.

Men often like stupid women and marry them, and then after a few years wonder why they find them dail,

The happiness of the household largely depends on the woman being given the absolute control of the household puree and asked no question. When sho ie trusted she is seldom lount wanting. In planning and arr nging she finds amusement and pleasure; and women, when left to themselves, are far better organisers and more economical than men. man is so fond of making a mystery of his income, when bis wife immediately imagines he ¡ far richer than he is, and nots accordingly.

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Use Continental (espitata by Ricord, Rustar Jobert, Velpean, Makonneuve, the well-known Chassaiguse, and indeed by all those who are regarded as authorities such alters, ductuding The celebrated Lallemand, and Roux. by whom it, was some time since uniformly adopted, and that it is worthythe attention of those whorequire HUCH a remedy we there is no doubt, Front the time af Aristotle downwards, a potent agent in the femoval of these discuses tas ke the famed pil- Tosopher's stone been the object of search of some hopeful.genercus minds; and far beyond the scre power--if unch could ever have been discovered-of- iransmitting the baner welkl into gold is surely the discovery of s realedy so potent as foreplenish the failing energies of the carmed rond in the one case, and it the other su effectually, speedily And safely to expel from the system without the ald, or even the knowledge, of a second party, the

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Herpicide is a delightful preparation that fulfils the claime mada for it, and no lady's toilet is complete without it, I highly rocontend it to my friends"

(Signed). ANNIE OAKLEY,

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