Directory_and_Chronicle_1933 — Page 198

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THE CHINA (COMPANIES) AMENDMENT ORDER IN COUNCIL, 1919

(2.) If default is made in compliance with this Article the Company shall be liable to a fine not exceeding 50 dollars for every day during which the default continues, and every director and every manager of the Company who knowingly authorizes or permits the default shall be liable to the like penalty.

(3.) Failure to comply with the provisions of this Article shall be a ground upon which an order for winding up tlie Company may be made by the Court.

(4.) This Article shall come into force 60 days after the publication of this

Order.

5. All documents and other written information which a company is required by the Ordinance to file with the Registrar of Companies shall, in the case of a China Company, be filed with the Registrar of Companies at Shanghai, and a copy of all such documents and other written information shall, in the case of a Hongkong China Company, be filed with the Registrar of Companies at Shanghai.

6.-(1.) The provisions of the Fire and Marine Insurance Companies Ordinance shall be applied to China Companies and Hongkong China Companies.

(2.) All acts done within the limits of this Order in pursuance of the Fire and Marine Insurance Companies Ordinance by, to, with, or before the Registrar of Companies at Shanghai shall, subject to the provisions of this Order, be of the same force and validity as if they had been done by, to, with, or before the Registrar of Companies in Hongkong.

(3.) The Registrar of Companies at Shanghai shall be entitled to initiate such proceedings as he may think necessary to enforce compliance with the pro- visions of this Order.

7.—(1.) Subject to the provisions of this Order the jurisdiction of the Court in respect of China Companies and Hongkong China Companies shall be exercised, so- far as circumstances admit, in conformity with the provisions of the Fire and Marine Insurance Companies Ordinance.

(2.) The duties of the Governor or of the Governor in Council under Sections 5 (2), 5 (5), 6 (2), and 7 (1), and of paragraphs 2, 3 and 7 of the First Schedule of the Fire and Marine Insurance Companies Ordinance shall, within the limits of this Order, be exercised by the Minister.

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(3.) All offences under the Fire and Marine Insurance Companies Ordinance made punishable by fine may, if committed within the limits of this Order, be pro- secuted summarily under Article 48 of "The China Order in Council, 1904,” provided that the maximum fine which can be imposed in the case of offences tried summarily shall be £200 instead of £20.

8. All fees prescribed by or under the Fire and Marine Insurance Companies Ordinance which are paid to the Registrar of Companies at Shanghai shall be paid by him to the Colonial Treasurer at Hongkong.

9. This Order shall come into effect on the first day of January, 1920. And the Right Honourable Arthur James Balfour, O.M., one of His Majesty's Principal Secretaries of State, is to give the necessary directions herein.

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ALMERIC FITZROY.