SATURDAY, OCTOBER 4, 1986
LAND AUCTIONS YIELD $2 260.1 MILLION
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THE TOTAL REALISED PREMIUM FROM SALES OF GOVERNMENT LAND EY PUBLIC AUCTION IN THE 1985-86 FINANCIAL YEAR AMOUNTED TO $260.1 MILLION, ACCORDING TO THE ANNUAL REPORT OF THE REGISTRAR GENERAL'S DEPARTMENT PUBLISHED TODAY.
DURING THE YEAR, 19 LOTS OF GOVERNMENT LAND WERE PUT UP FOR SALE BY PUBLIC AUCTION AND ALL BUT ONE LOT WERE SOLD.
NOTABLE SALES INCLUDED A 6 449-SQUARE-METRE CANTON ROAD SI E FOR NON-INDUSTRIAL (EXCLUDING GODOWN) PURPOSES AT A PREMIUM OF $636 MILLION, SOLD IN OCTOBER 1985, AND A 10 690-SQUARE-METRE QUEENSWAY SITE FOR NON-INDUSTRIAL PURPOSES AT A PREMIUM OF $700 MILLION, SOLD IN APRIL 1985.
THE ANNUAL DEPARTMENTAL REPORT FOR 1985-86 GIVES A SUMMARY
LAND OFFICE, OF ACTIVITIES OF THE DEPARTMENT'S FOUR DIVISIONS COMMERCIAL DIVISION, INSURANCE DIVISION AND OFFICIAL RECEIVER'S OFFICE.
LAND OFFICE STATISTICS SHOW THAT THE NUMBER OF INSTRUMENTS OF ALL CATEGORIES REGISTERED WAS 271 324, WHICH WAS 85 054 MORE THAN THE TOTAL OF 186 270 IN 1984-85.
A TOTAL OF 105 GOVERNMENT LAND GRANTS WERE COMPLETED, AND 192 LOTS OR SECTIONS WERE SURRENDERED TO THE GOVERNMENT.
THE NUMBER OF LANDOWNERS (EXCLUDING MORTGAGEES) ROSE BY
35 353 OVER THE PREVIOUS YEAR TO A TOTAL OF 509 013.
THE COMMERCIAL DIVISION COMPRISES THE COMPANIES, TRADE MARKS, PATENTS, MONEY LENDERS AND INCORPORATED TRUSTEES REGISTRIES.
THE TOTAL NUMBER OF APPLICATIONS FOR REGISTRATION OF TRADE MARKS WAS 6 779, A NEW RECORD AND 210 MORE THAN THE PREVIOUS RECORD OF 6 569 IN 1984-85. ONE THOUSAND PATENTS WERE ALSO REGISTERED DURING THE YEAR.
THERE WAS AN INCREASE IN THE LEVEL OF ACTIVITY IN THE COMPANIES REGISTRY.
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DURING THE YEAR, 17 990 NEW COMPANIES WERE INCORPORATED, 3 910 MORE THAN THE PREVIOUS YEAR'S TOTAL, WHILE 1 757 COMPANIES WERE DISSOLVED, LEAVING 150 551 COMPANIES ON THE REGISTER AT THE END OF THE YEAR.
THE NUMBER OF COMPANIES INCORPORATED OUTSIDE HONG KONG WHICH HAVE ESTABLISHED A PLACE OF BUSINESS HERE ROSE BY 105 TO 2 122.
DURING THE YEAR, 413. APPLICATIONS FOR A MONEY LENDER'S LICENCE WERE RECEIVED AND THERE WERE 425 MONEY LENDERS LICENSED AT THE END OF THE YEAR.
THE INSURANCE