AU
SUNDAY, JULY 28, 1985
+HAMISH IS ON LEAVE AND WILL NOT BE BACK IN HONG KONG FOR A FEW WEEKS, SO I THOUGHT I SHOULD TAKE ADVANTAGE OF MY PRESENCE IN LONDON TO CONVENE IN LONDON A MEETING OF HAMISH MACLEOD, MICHAEL CARTLAND, BILL DORWARD FROM NEW YORK AND DEREK JONES FROM BRUSSELS, TOGETHER WITH PETER WISE WHO IS ALREADY IN LONDON, SO THAT WE COULD REVIEW THE POSITION TO CONSIDER WHAT OUR NEXT STEP OUGHT TO BE,+ HE SAID.
+WHAT WE WILL IN FACT BE DOING WILL BE TO DEVELOP OUR STRATEGY AND DISCUSS IT WITH THE TEXTILES ADVISORY BOARD IN PREPARATION FOR THE NEXT COORDINATION MEETING OF THE DEVELOPING COUNTRIES TO BE HELD IN SEOUL IN SEPTEMBER.+
NUMBER OF REGISTERED COMPANIES RISES
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THE TOTAL NUMBER OF COMPANIES REGISTERED UNDER THE COMPANIES ORDINANCE AT THE END OF JUNE THIS YEAR INCREASED BY SIX PER CENT TO 138 458. COMPARED WITH 130 722 AT THE END OF DECEMBER LAST YEAR, ACCORDING TO FIGURES RELEASED TODAY BY THE REGISTRAR GENERAL, MR NOEL GLEESON.
AND THE NUMBER OF NEW COMPANIES REGISTERED DURING THE SAME PERIOD, INCREASED BY 25 PER CENT, RAISING THE FIGURE FROM 6 669 TO 8 321, AS COMPARED WITH THE CORRESPONDING PERIOD LAST YEAR.
MR GLEESON ALSO REPORTED MAJOR INCREASES OF ACTIVITY IN MOST AREAS OF THE COMMERICAL DIVISION OF THE DEPARTMENT DURING THE FIRST HALF OF THIS YEAR, COMPARED WITH THE SAME PERIOD OF 1984.
THE TOTAL NUMBER OF OVERSEAS COMPANIES WHICH HAD ESTABLISHED BUSINESS IN HONG KONG UNDER PART XI OF THE ORDINANCE AT THE END OF JUNE 1985, AS COMPARED WITH THE TOTAL NUMBER AT THE END OF
FROM 2 005 TO 2 040. DECEMBER 1984, INCREASED BY TWO PER CENT -
THE NUMBER OF NEW OVERSEAS COMPANIES ESTABLISHING BUSINESS IN HONG KONG DURING THE FIRST SIX MONTHS OF 1985 WAS 97. A DECREASE OF 18 PER CENT OVER THE NUMBER OF SUCH COMPANIES DURING THE FIRST SIX MONTHS OF 1984.
MR GLEESON SAID, HOWEVER, THAT MANY OVERSEAS COMPANIES INCORPORATE SUBSIDIARIES AS LOCAL HONG KONG COMPANIES OR TAKE UP A MAJORITY SHAREHOLDING IN A LOCAL HONG KONG COMPANY, AND THIS WOULD NOT SHOW UP IN THE STATISTICS.
IN THE FIRST HALF YEAR OF 1985, EXISTING COMPANIES INCREASED THE IR NOMINAL CAPITAL BY $6 623 MILLION, AN INCREASE OF 22 PER CENT OVER THE INCREASE OF $5 430 MILLION IN THE SAME PERIOD OF 1984, WHILE THE NOMINAL CAPITAL OF NEW COMPANIES INCORPORATED DURING JANUARY - JUNE 1985 INCREASED BY 28 PER CENT FROM $1 490 MILLION TO $1 914 MILLION COMPARED WITH THE SAME PERIOD IN 1984.
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