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![handle is hein.trade/atca0001 and id is 1 raw text is:
68TH CooGREss SENATE REPORT
2d Sesion No. 1205
TO AMFAD THE CHINA TRADE ACT
FEBRUARY 17 (calendar day, FEBRUARY 21), 1925. de n
Mr. JONES of Washington, from the COInli (0 clCommerce, sub
mitted the following OF N -.
REPORT
[To accompany H. R. 7190]
The Committee on Commerce, to whom was referred the bill (H. R.
7190) to amend the China trade act, 1922, having considered the
same, report favorably thereon, and recommend that the bill do pass
without amendment.
The House report shows clearly the changes made by the House
bill in the existing law, and it therefore is made a part of this report.
jHouse Report No. 321, Sixty-eight Congress, first session]
The Committee on the Judiciary, to whom was referred the bill
(H. R. 7190) to amend the China trade act, a pproved September 19,
1922, after hearing and consideration, report favorably thereon with
amendments, and recommend that the bill as amended do pass.
The committee amendments are as follows:
On page 2, line 21, after (d), strike out the capital A and insert
the following: No certificate of incorporation shall be delivered
to a, and after the word corporation strike out shall not engage
in any business and insert the following: and no incorporation
shall be complete.
On page 4, line 14, after the words United States, strike out the
period and the quotation marks and insert the following: resident
m China.
The primary purposes which it was contemplated this legislation
would accomplish can be summarized as follows:
1. Put American interests doing business in China on an equality
with other nationals doing busmess in China from the standpoint of
home corporation and individual income taxation.
2. A means of inducing Chinese capital to participate with Ameri-
can capital in undertakings in China under American control and
management.
3. Provide a uniform and practical manner for creating corpora-
tions under a Federal law to <io business in China under the protection
and control of American laws administered by the United States
(Federal) Court for China, American consular courts in China, and
a registrar of companies in China, and also to accord to such under-
takings in China the greatest possible benefit from the American
diplomatic and consular services in China.
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