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Show Follows Laws of United States. Washington. Tho Phlllpplno commission com-mission has Just enacted a corporation law patterned after tho corporation nets generally in forco In tho United States. Up to tho present tlmo tho only law under which capital could Incorporate In-corporate In tho Phlllpplno Islands was tlio old Spanish codo of commorce. Tho provisions of this codo, in so far as thoy relate to tho organization of business corporations, according to tho Phlllpplno officials, aro archaic and ill-adapted to tho needs of modern commorco as conducted by English shipping peoplo. Thoy aro repealed by tho now law, and persons wishing to invest tholr capital In tho Philippines Philip-pines can now do so under nets framed In accordance with common law principles. |