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. The numbers and amounts of charges and certificates of satisfaction registered have varied over the past five years as follows:
Charges
Certificates of Satisfaction
No.
Amount
No.
Amount
1962-63
643
$548m.
295
$178m.
1963-64
901
$713m.
449
$276m.
1964-65
1,004
$1,168m.
577
$334m.
1965-66
935
$715m.
587
$154m.
1966-67
908
$565m.
1,025
$249m.
$3,709m.
$1,191m.
Over the last five years there has therefore been an apparent increase in the amounts of charges subsisting of $2,518m. but some of this no doubt relates to companies that are in liquidation or have been dissolved.
Companies incorporated outside the Colony
81. Fifty 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 592 such companies registered as compared with 567 the year before. Table XIV shows the countries in which these 592 companies are incorporated. The United States leads with 143 companies, and is followed by the United Kingdom with 100, Japan 59, Panama 40, Singapore 39, Switzerland 27, China 24, Australia 21 and Malaysia 20.
82. Table XV gives an analysis of the 592 companies to which the preceding paragraph refers according to the nature of their business. This shows that the total includes 129 import and export companies, 82 insurance companies, 43 banks, 44 shipping etc. com- panies, 34 religious bodies, 27 carriers (air and land), 26 engineering etc. companies, and 25 land and building companies.
Liquidations in progress
83. At the end of the year 251 companies were in the course of being wound up as follows:
27