Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1916-09-22
BILL SEEKS TO
WIDEN BRITISH
SHIP CONTROL

In view Of the recent leglStaIlOn III
Congress relative to government pur.
chase of foreign-built vessels to build
up an American merchant marine, II
is interests.s to note that a new bill
has been presented TO the British Par.
lament designed to restrict the sale
and control Of British ships. The bills
text follows:
1. d)-The British Ships (Transfer
Restriction) Act. 1915 Gin this act re-
ferred to as the principal acp, Is here
by extended so as to apply to mort
cages tincluding transfers OF mort
gages) of ships made after the 10th
Gay of August, 1916, as it applies to
transfer of ships, and shall apply to
mortgages (including transfers OF
nortgagesl and transfers Of ships To
foreign controlled companies made
after the 10th day of August, 1916, as
ii applies to transfers OF ships TO per-
sons not qualified to own a British
ship.
t2l-The expression foreign con-
trolled company" means any corpora
ton: TAI where tire majority OF int
directors, or persons occupying the
position OF directors by whatever
pane called, are not British subjects;
or fb1 where the majority OF the yot-
ing power is in the hands of persons
who are not British subjects, or who
exercise their voting powers directly
or indirectly on behalf of persons who
are not British subjects; or 9cl where
the control is by any other means
whatever in the hands of persons who
are not British subjects; or I'd Wnere
the executive is a foreign controlled
company, or where the majority OF
the executives are appointed by for
eign controlled company.
A corporation shall not be deemed
To be a British subject for the pur-
noses of this section unless it is estab-
Iisbed in and subject to the laws 4
some part of his majesty's dommlons
or of some British protectorate, ana
has his principal place OF business
therein.
(3l-The Board of Trade may re-
ouire any person who Is the owner
or MORTGAGE Of British ship, or VINO
applies to be registered as the owner
or MORTGAGE Of !. British snip, 10 1aI
,,ish to the board such particulars as
annear necessary to the board Tor the
n,,rnose of ascertaining whether or not
That person Is, or is trustee for,
ar otherwise represents, a foreign con.
trolled company, and, in the case u
: corncration. may also require the
sacretary. or any other officer or the
cornoration performing the duties OF
: acretary. 10 furnish those particulars.
If any person fails to supply suc z
particulars as it is in ms power 70
give when YeQaired, or furnishes pat
tieulars which are false In any ma.
teriaf particular, he shall pc guilty Vi
a fnisdemeanOr.
Where, after the passing OF TINS
act any person who is the owner Q.
, mo, gee of a British ship ceases 10
ne :, british subject or become lot
eign controlled company, that snip, o u
In the case of a mortgage OF q sup,
the interest," of the mortgages, snail De
s s1 ~ forfeiture under Part OF
the Merchant shipping Act, 1898.
3. .l1)-2n this act. unless tne coz,
text otherwise requires, any reIeTeilee
TO a ship shall include a reference u
a share IN q ship.
J2)-The principal act and this ae1
shall have effect during the contirn,
ance of the present war and a perlca
Of two years thereafter. and sun-sec
ZION f2l Of section of the principal
act is hereby extended accordingly
s fS)-This act shall be read as one
with the principal act, and the prlli-
cipai act and this act may be cited
together as the British Ships Trans
-, I1astric.;on4 Acts. 1915 and 1916