20 firms on Part II. Of these, 40 individuals and 18 firms were on both Parts.
Fees
41. The fee payable for the registration of a company is $100 plus $2 for every $1,000 of its nominal share capital. Since therefore there was, as compared with 1959-60, a great increase in the aggregate amount of the nominal capital of new companies registered, there was a corre- spondingly large increase in the amount of fees paid by new companies. In fact, the total of such fees rose by $513,572 to $1,242,586. Other fees under the Companies Ordinance dropped, however, by $83,971 to $440,378, this being due to smaller collections on account of increases in nominal capital, on which a fee of $2 per $1,000 is also payable. The total of all fees collected by the Companies Registry under all Ordinances reached the new high record figure of $1,690,639. The com- parative figures for this and last year are:
Fees on incorporation of new companies Other fees under the Companies Ordin-
ance and Orders made thereunder Fees for Money-Lenders Licences Miscellaneous other Fees ...
1959-60 $ 729,014
1960-61 $1,242,586
524,349 5,500
440,378
6,500
1,805
1,175
$1,260,668
$1,690,639
PART IV
Explanatory
TRADE MARKS REGISTRY
42. The Trade Marks Ordinance, 1954, is based on the United Kingdom Trade Marks Act, 1938. The Register consists of two parts, Part A for distinctive marks, and Part B for marks which are not registrable in Part A but are capable of distinguishing the goods of the applicant and have been used in Hong Kong for not less than two years. Registration in Part A gives full rights of protection, in Part B modified rights. Registrations are valid for seven years (fourteen if registered prior to 1st January, 1955), but may be renewed indefinitely for further periods of fourteen years. Defensive and certification trade marks may be registered, and a person other than the proprietor of a mark may be registered as a registered user. The procedure and forms to be used are set forth in the Trade Marks Rules, 1954.
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