"BRITISH-CONTROLLED"

Dominion, Volume 10, Issue 2910, 24 October 1916, Page 8

"BRITISH-CONTROLLED"

COJIPANY LAW AND REGISTRATION OF FIRMS. At tho coming conference of Chambers of Commerce tho following remit from tho Wellington Cliambev will bo considered: — "That it is advisable that tho Government should have- the power of insisting on any individuals, firms, or companies producing, manufacturing, or trading within the Dominion being British controlled, both as regards management and ownership, and that with this object in view) fch»s conference ifi of opinion:— "(l)Tha-t the Government should legislate to provide: (a) That beioro a. company bo registered in New Zealand at least four-fifths of its shares must Bo held by British subjects, (b) That in tho case of a now,company all ap- ; plications for shares shall set out tho ' nationality of the applicant. (c) That ill all transfers. of shares in a. company, the nationality of both the transferor and tho transfereo shall be included on tho transfer form. (<1) That tho annual list of shareholders of a company required to be Tiled with the Registrar of Companies snail stntattle nationality of shareholders in addition to the information at present furnished, (c) That foreign companies , now trading, and hereafter- foreign.companies on commencing to trade in New • Zealand through an attorney, agent, or i other representative, be required to file with the Registrar of Companies a list of shareholders, setting out tho nation- '. ality of snclr shareholders. j ' "(2) That tho Government should in- ! troduce measures for the registration , of individuals, firms, and partnerships, producing, manufacturing, or trading within tho Dominion, to provide that tho names and nationalities of tho proprietors or partners should he disclosed."

On the Lsamo subject; tho Canterbury Chamber's romit is as follows:—

"That steps be taken to obtain legislation making it illegal for any enemy subjects to bold real or personal property, to trade, or to bold shares or any other interest in joint-stock companies trading in New- Zealand."