the Companies (Amendment) Ordinance 1972 (see paragraph 201), further legislation arising from the recommendations of the Companies Law Revision Committee was being drafted. One of the Bills involved- the Securities Bill-would cover all aspects of trading in securities and would provide for the establishment of a supervisory body, to be called the Securities Council, and for the creation of a post in the public service of Commissioner for Securities. The Financial Secretary said that the preparation of the Bill was well in hand but it would be some months before it could be enacted. It was therefore considered advisable to anticipate the enactment by establishing, on an admin- istrative basis, a body to be known as the Securities Advisory Council and a post of Commissioner for Securities. The Advisory Council consists of seven members-an independent chairman, four unofficial members representing various sectors of the business community and two members of the public service, namely, the Commissioner for Securities and the Registrar General. The first meeting of the Council was held on 17th January 1973 and at the end of the year under review had met formally on ten occasions.
Fees
110. The total of all fees collected by the Companies Registry under all Ordinances was over $61.95m., an increase of $51.57m. (or 496%) compared with the previous year's total. This year's total was made up as follows (with the previous year's figures for comparison):
Fees on incorporation of new companies
($100 plus $2 for every $1,000 of nominal capital)
Other fees under the Companies Ordinance
and Orders made thereunder
Fees for Money-lenders Licences, etc. Miscellaneous other fees
...
1971-72
1972-73
$ 4,082,247 $20,989,727
6,272,685 34,550 115
40,881,106 85,400 81
$10,389,597 $61,956,314
PART IV
Explanatory
TRADE MARKS REGISTRY
111. The Trade Marks Ordinance is based on the United Kingdom Trade Marks Act 1938. The Register consists of two parts, Part A for
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