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Tuesday, October 30, 1973
OVER 30,000 COMPANIES REGISTERED IN HONG KONG
Another milestone was passed in the Companies Registry recently
when the total number of companies on the register exceeded 30,000 for
the first time.
Commenting on the rapid increase in the number of companies, the
Registrar of Companies, Mr. W. Hume said it had taken just over 100 years
for the first 10,000 companies to be incorporated since incorporation of
companies in Hong Kong began in 1865.
The next 10,000 companies appeared on the register in the following
five years - that is, from 1966 to 1971. "In little more than two years
since 1971 the number of local companies incorporated has risen by 10,000
to a total of over 30,000," said Mr. Hume,
Every company on the register is obliged to file a variety of
documents relating to its affairs, and the staff concerned often call at
the Companies Registry to inspect the files. "It will be appreciated,
therefore, that the Companies Registry is now much busier than it has ever
been at any time in its history," Mr. Hume added.
The documents that a company has to file are set out in a booklet
in both English and Chinese.
These booklets are issued free of charge to
all new companies and they are available at all times in the Companies
Registry.
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