TNAG-2308-FCO40-3345-Future-of-Hong-Kong-shipping-register-1991 — Page 100

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required.

Consideration will also have to be given to

the 250 or so yachts registered in Hong Kong, many of

which would not comply with the proposed criteria for

registry.

Management and Control

3.13.

In our view the ownership of a ship on the Hong

Kong Register is the most important aspect of the genuine

link. But it is important that ownership should be by

something more than a "brass plate" company. Something

far more positive will be required. For this reason the

CD suggested that management and control of the ship

should be exercised from Hong Kong. The CD did not

elaborate exactly what this would mean and we received

few comments on it.

3.14.

As far as we have been able to determine,

actual management and control of a ship itself is not a

concept adopted with regard to any other shipping

register. In practice similar ends have been achieved in

a number of countries through concepts which relate, on

the one hand, to the requirement that the principal place

of business of the shipowning company should be in the

country of registration and, on the other, to the

appointment of permanent representatives in the port of

registration.