193569-1932-Supplementary-Bill-read-a-first-time--Companies — Page 186

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Table showing where sections of Ordinance No. 58 of 1911 appear, with or without modification, in the new Ordinance.

No. 58 of 1911.

New Ordinance.

No. 58 of 1911.

New Ordinance.

233

301

257

340

234

258

545

235

302

259

236

303

260

336

237

304

261

348

238

305

262

353

239

306

Do.

354

240

307

263

355

241

308

264

242

309

265

243

310

266

244

311

267

245

312

268

356

246

313

270

349

247

314

271

350

248

315

272

351

249

316

273

352

250

274

103

251

317

252

318

Do.

Do.

319

253

320

254

338

1st Schedule. 1st Schedule. 9th Schedule. 2nd Schedule. 3rd Schedule.

3rd Schedule, 1st Schedule.

4th Schedule.

255

339

5th Schedule.

256

343

Objects and Reasons.

1. This Ordinance enacts, with effect from the first of July, 1933, the provisions of the Companies Act, 1929, so far as they are applicable to local circum- stances; and, to facilitate reference to text-books and cases on the Act, the corresponding section of the Act is given in the marginal note to the various sections.

2. In certain sections, however, it has been neces Sury to incorporate special local provisions taken from the enactments repealed by the Ordinance.

3. Thus it has been necessary to include provision for China companies within the limits of the China Orders in Council in sections, 4, 19, 21, 33, 34, 79, 81, 92, 93, 103, 133. 174. 215, 275, 277, 279, 348, 349, 350, 351 and 352.

4. Express reference to the English language or to the Chinese characters which express terms in the English language are contained in sections 3, 11, 37, 98, 107, 180, 803, 819 and 336.

5. In sections 331 and 332 twenty is taken as the Tanit for banking as well as other partnerships as was the case in section 2 of the 1911 Ordinance.

6. In other sections the time limited for doing acts is extended to meet local conditions.

7. Two Tables are attached; the first shows the correspondence between the sections of this Ordinance and those of the Act and of the Companies Ordinance, 1911. (as amended in 1925, 1928, 1929 and 1930); and the second shows how the several sections of the 1911 Ordinance (as so amended) have been disposed of in the new Ordinance.

C. G. ALABASTER,

Attorney General.

August, 1932.

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