Re Anchor Line (Henderson Bros) Ltd A company incorporated under the English Companies Act, with its registered office in England, carried on a considerable part of its business in Scotland. In March 1934, the company executed in Scotland a charge in favour of a Scottish bank, charging its undertaking and all its property and assets, both present and future, which charge was to rank as a first charge on the undertaking of the company and all its property and assets whatsoever and wheresoever both present and future.