At H. M. Supreme Court last Fri day, when a motion was submitted on behalf of Morgan, Weitzer Ca., Ld., of Tientsin, for an extension of time for the filing of a return of an allotment of shares under the Hongkong Companies Ordinance, his honour Judge Grain said that the Court would seriously consider in future whether such applications could be entertained.
"They are becoming rather too common," commented his Lordship. "I have had several before me recently. Therefore I think I ought to say That in future my learned colleague and myself will very, carefully consider whether we are entitled to grant these applications. In most cases it may be obvious that the time limit should be extended, but it is the duty of companies when they form' themselves to take proper legal advice."
Mr. G. H. Wright (who appeared in support of the motion) produced an affidavit stating that Mr. J. H. Morgan, who had aa left the with the. details of making and many, was reasonably familiar filing returns required under the ordinance. The company had obtained no legal adviser.
The Crown Advocate (Mr. H. P. W wilkinson), for the Registrar of companies, said he had no wish to be severe in such cases, but he felt it to be his duty to point out that the company had no legal adviser. If companies were satisfied with forming themselves and leaving annual and other observances to uninstructed persons, they would be sure to get into difficulties. It 1s time that these companies, both public and private, understand that they cannot apply to be registered and then leave further proceedings to chance," added the Crown Advocate.
His Lordship made an order for an extension of time of 10 days from the date of the hearing, the Registrar's costs to be borne by the applicants.
When J. M. i. Clark was sued by Haman Singh at H. M. Supreme Court last Friday for $150, the amount of a loan and interest due on a promissory note, the defendant told his Honour Judge Grain that he could not possibly pay more than $25 per month. He was employed at Reuter's and received a salary of $150. Plaintiff said that he owed money to a friend about
Text read from the printed page and cleaned; old type leaves the occasional error.