(including two with unlimited liability) were private companies with a share capital, and 65 were public companies incorporated with liability limited by guarantee, one with share capital and the remaining 64 without. Part I of Table XII gives an analysis of the 1,151 companies with a share capital according to the nature of their business and amount of nominal capital, with the aggregate amount given in the final column. As compared with 1966-67 the most noteworthy changes in the numbers according to business were: up-restaurants and night clubs 77 (+15), printers and lithographers 13 (+6); down-importers and exporters 315 (−69), engineering, etc. 40 (-38), metals and hardware 20 (−19), shipping 36 (-15), wig manufacturers 30 (−14), and garment manu- facturers 65 (-12).
70. Part II of Table XII gives an analysis of the 64 companies incorporated without a share capital according to the nature of their objects, and Part III gives an analysis of all public companies according to whether they are limited by shares or limited by guarantee.
71. In 552 cases out of 1,215, that is to say in 45% of all new in- corporations, the papers were submitted by firms of accountants apparently without a solicitor being employed, the necessary statutory declaration of compliance with the requirements of the Ordinance being made by a person named in the articles as a director or secretary. In addition, 45 companies were incorporated by a private limited company whose principal object is the forming of companies for sale. Since records of such cases were first kept in 1963-64 the numbers of incorporations in which a solicitor was not employed have risen as follows:
435 or 35% of all incorporations
!
1963-64
1964-65
568 or 40%
99
1965-66
551 or 43%
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22
25
1966-67
639 or 45%
55
1967-68
640 or 53%
37
25
22
72. For purposes of comparison Table XIII gives an analysis of the companies registered in the last five years according to the amount of their nominal capital. This shows that while the number in the second lowest category-$10,000 and under $50,000 is at 130 easily the highest for the past five years, those in the four top categories- $500,000 and under $1m., $1m. and under $5m., $5m. and under $10m., and $10m. and above--are by far the lowest during the period. There
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