of the Governor given by the Registrar of Companies under delegated powers. One of the main reasons for such changes is that many companies are incorporated by solicitors and others and held 'in stock' for issue to clients when required. The clients then choose a name to their liking and have the old name changed. Similarly the names of real estate com- panies are often changed when control passes from one syndicate to another. One licence to keep a branch Share Register was granted under Section 103 of the Ordinance.
78. 1,004 charges were registered by companies securing a record. total of $1,168,871,395, the enormous increase of $455,000,000 being to a large extent due to inter-bank transactions during the banking crisis in February 1965 mentioned in Part I. On the other hand 577 certificates of satisfaction were submitted in respect of charges totalling $334,085,012. There was therefore an increase of over $834,000,000 in the amounts of charges subsisting. This does not mean that the amount actually owed by companies and secured by charges increased by that sum, because in many cases charges are granted to secure banking facilities, which may not be utilized up to the full amount for which the property is charged. Over the last four years the apparent increase in the amounts of charges subsisting has been $1,954,000,000.
Companies incorporated outside the Colony
79. 54 companies incorporated outside the Colony established a place of business within the Colony and complied with the provisions of Part XI of the Ordinance. At the end of the year there were 547 such companies registered as compared with 521 the year before. Table XII shows the countries in which these 547 companies are incorporated. The United States leads with 130 companies, and is followed by the United Kingdom with 92, Japan 62, Federation of Malaysia 54, Panama 33, China 26, and Australia and Switzerland 22 each.
80. Table XIII gives an analysis of the 547 companies to which the preceding paragraph refers according to the nature of their business. This shows that the total includes 131 import and export companies, 81 insurance companies, 43 banks, 38 shipping, etc. companies, 30 reli- gious bodies, 26 carriers (air and land), 24 land and building companies, and 18 engineering, etc. companies.
Liquidations in Progress
81. At the end of the year 133 companies were in the course of being wound up as follows:
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