20394-1911-Legislative-Council-Minutes-No-25 — Page 2

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THE HONGKONG GOVERNMENT GAZETTE, DECEMBER 22, 1911.

STATUTE LAWS (NEW REVISED EDITION) BILL.-The Attorney General addressed the Council and moved the First reading of a Bill entitled An Ordinance to amend the Statute Laws (New Revised Edition) Ordinance, 1911.

The Colonial Secretary seconded.

Question-put and agreed to.

Bill read a first time.

UNIVERSITY BILL. The Committee stage on the Bill entitled An Ordinance to further amend the University Ordinance, 1911, was not proceeded with.

COMPANIES BILL.-The Attorney General moved that the Committee stage on the Bill entitled An Ordinance to consolidate and amend the Ordinances relating to Companies, be resumed.

The Colonial Secretary seconded. Question-put and agreed to.

Council in Committee on the Bill.

On the motion of the Attorney General the following amendments were agreed to :—

In section 31 sub-section (1) the amendment proposed by the Law Committee was deleted.

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In section 31 sub-section (4) the word "of” in the first line was deleted and the word or" substituted therefor.

In section 35 sub-section (5) the amendment proposed by the Law Committee was deleted.

The following sub-section, to be numbered (7), was added to section 77 :-

(7.) If default is made in compliance with any of the provisions of this section every director of the company who knowingly and wilfully authorises or permits the default shall be liable to a fine not exceeding five hundred

dollars.

In section 252 sub-section (1) the word "establishes" in the second line was deleted and the words "shall establish" substituted therefor.

Section 253 was deleted and the following substituted therefor:

253.-(1.) No company incorporated outside the Colony may hereafter Power of acquire immovable property unless :---

companies incorporated outside the

(a.) it is empowered by its constitution to acquire immovable colony to

property; and

(b) it shall have filed with the registrar of companies the docu- inents and particulars specified in paragraphs (a), (b) and (c) of sub-section (1) of section 252; and

(c.) it shall have obtained the special consent of the Governor-

in Council.

(2.) Subject to the provisions of this section any company incorporate:1 outside the Colony shall have power to acquire hold and dispose of lands in the Colony as if it were a company incorporated under this Ordinance.

The date 1st January, 1912, was inserted in section 269.

hold lands. 8 Edw. 7 c. 60 s. 275.

The marginal reference in Form F in the Third Schedule was altered to read "Section 20" instead of "Section 21 ".

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