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

congress relative to government puT-
chase Of foreign-b built vessels to build
UP en- American merchant marine, it
Is interestzs TO note that q new bill
has been presented to the British Par
lament designed to restrict the sale
and control Of British ships. The bills
text follows: ~: D.. .....s. -:
I. fD-The British Ships (Transfer
Restrictionl Act, 1915 Tin this act re-
ferTed to as the principal act), is here
by extended SO as to apply to mort
cages fincluding 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 (ineluding transfers of
mortgages and transfers of ships tC
foreign controlled companies made
after the 10th day Of August, 1916, as
it applies to transfers OF ships to per-
sons not qualified to own a British
ship ..... 49,. p. =. a.. il. =.
f2l-The expression foreign con-
trolled company" means any corpora
tiona (aD where the majority OF thL
directors, or persons occupying the
position of, directors by whatever
pame called, are not British subjects;
or lb) where the majority of the vot-
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
ere not British subjects; or (c) where
the control is by any other means
whatever in the hands of persons who
are not British subjects; or (d) where
the executive is a foreign controlled
company, or where the majority OF
the executives are appointed by a for
eign controlled company.
A corporation shall not be deemed
to be a British subject for the pu!-
poses of this section unless 1t is estah-
Iished in and subject to the laws Il
some part of his majesty's dcminions
or Of some British protectorate, and
has his principal place OF business
therein. 5
(3l-The Board of Trade may re-
quire any person who is the owner |
or MORTGAGE Of British ship, or who
applies to be registered as the owner |
or MORTGAGES OF !. British ship, to fur
,,ish to the board such particulars as |
appear necessary to the board for the |
purpose of ascertaining whether or not
that person Is, or is a trustee Ter,
or otherwise represents, foreign con.
trolied company, and, in the case u
n corporation, may also require the
secretary, or any other officer OF the
CORPORATION performing the duties OF
secretary. to furnish those particulars.
If any person fails to supply sucn
particulars as it is in his power to
1--WE when required, or furnishes par
ticulars which are false In any ma.
.erial particular, he shall be guilty Oh
! misdemeAnor
3 Where. after the passing OF this
act. any person who is the owner OF
OF a British ship ceases 10
be a British, subject or become a 1or,
sign. controlled company, that snip, or,
n the case of mortgage OF snip,
he interest of the mortgages, snail De
-ubiect to forfeiture under Part | Of
he Merchant Shipping Act, 1894.
DIN this act, unless the con,
ext otherwise requires, any reference
r 4 shin shall include reference 10
share in a ship.
f2l--The principal act and this act
hall have effect during the eontlna
nee of the present war and perioa
If two years thereafter, and suD-sec
ion (2l OF section 3 of the principal
ct is hereby extended accordingly. +
(3l-This act shall be read as one
With the principal act, and the prfl-
ipal act and this act may be cited |
ogether as the British Ships Trans
err Restriction1 Acts, 1915 and 1916: Il