transacting motor vehicle third party risks insurance business. Part II of Table XI lists the Ordinances and subsidiary legislation relating to insurance companies.
87. Hong Kong is a great insurance centre, in which companies from all over the world compete with the local companies, old and new, for the large amount of business available. Since the only companies regulated by statute are those conducting life, fire, marine, and motor vehicle third party risks business, records are at present kept only of the companies conducting those classes of business. However, as there can be few companies which conduct only other classes of business, the records kept must include practically all companies. As at 31st March 1970 there were 207 insurance companies conducting the regulated classes of business. Table XVIII gives an analysis of these according to country of incorporation and class of business transacted. As will be seen from this 64 companies were domiciled in the United Kingdom, 54 in Hong Kong, and 32 in the United States. 57 companies transact life business, 137 fire, 130 marine, and 89 motor vehicle third party risks business. The 207 companies include 11 which commenced doing these classes of business during the year. Most of the foreign companies operate through agents, but some have established their own branch offices in the Colony.
Deposits by Fire, Marine and Life Insurance Companies
88. The deposits made by 52 insurance companies with the Registrar of Companies under the Fire and Marine Insurance Companies Deposit Ordinance were valued as at 31st March 1970 at $8,072,385 and those made by 37 companies under the Life Insurance Companies Ordinance at $5,960,452.
Trust Companies
89. No trust company was registered under Part VIII of the Trustee Ordinance so that the number of trust companies on the register remained at three.
Money-lenders
90. 40 money-lenders were registered under the Money-lenders Ordinance, 5 more than in 1968-69. The fee for such registration is $500 per annum. The exemptions from registration granted to The Hong Kong Building and Loan Agency Limited, the Commonwealth Development Finance Company Limited, the Malayan Finance Cor-
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