5
MONDAY, JANUARY 17, 1994
*
$1,294 MILLION TO COVER THREE URGENT WORKS ITEMS: THE $120 MILLION DESIGN PHASE OF THE BAGGAGE HANDLING AND AUTOMATED PEOPLE MOVER SYSTEMS: $719 MILLION WORKS CONTRACTS FOR PASSENGER TERMINAL BUILDING FOUNDATIONS; AND $455 MILLION WORKS FOR construCTION SUPPORT FACILITIES SUCH AS TEMPORARY ROADS, FERRY PIERS AND UTILITIES.
THE SPOKESMAN SAID THE PAA WAS FINALISING TENDERING AND CONTRACT ARRANGEMENTS FOR THE THREE URGENT CONTRACTS SO THAT THE CONTRACTS COULD GO AHEAD WITHOUT DELAY ONCE THE FUNDS WERE APPROVED.
THE FUNDING PROPOSAL IS CONTAINED IN A PAPER ISSUED TODAY (MONDAY) TO MEMBERS OF THE FINANCE COMMITTEE FOR CONSIDERATION AT THE COMMITTEE'S MEETING ON JANUARY 21.
THE
MORE COMPANIES REGISTERED LAST YEAR
* * * * * *
TOTAL NUMBER OF COMPANIES REGISTERED UNDER THE COMPANIES ORDINANCE HAD INCREASED BY 16% FROM 358,129 TO 415,911 WHILE THE NUMBER OF NEW COMPANIES REGISTERED IN 1993 HAD INCREASED BY 6% FROM 58,110 TO 61,831.
THESE ARE THE FIGURES RELEASED BY THE REGISTRAR MR GORDON WE JONES, TODAY (MONDAY).
OF COMPANIES,
THE COMPANIES REGISTRY FIGURES HAD INDICATED INCREASES OF ACTIVITY IN MOST AREAS FOR 1993 BY COMPARISON WITH 1992.
THE TOTAL NUMBER OF OVERSEA COMPANIES WHICH HAD AN ESTABLISHED PLACE OF BUSINESS IN HONG KONG UNDER PART XI OF THE COMPANIES ORDINANCE AT THE END OF THE YEAR INCREASED BY 11% FROM 3,193 TO 3,544.
THE NUMBER OF NEW OVERSEA COMPANIES ESTABLISHING A PLACE OF BUSINESS IN HONG KONG UNDER PART XI DURING 1993 WAS 498, A DECREASE OF 9% OVER THE NUMBER OF SUCH COMPANIES IN 1992.
EXISTING COMPANIES INCREASED THEIR NOMINAL CAPITAL BY $57,005 MILLION, AN INCREASE OF 25% OVER THE INCREASE OF $45,574 MILLION IN 1992, WHILE THE NOMINAL CAPITAL OF NEW COMPANIES INCORPORATED DURING THE YEAR INCREASED BY 46% FROM $5,208 MILLION TO $7,622 MILLION.
THE TOTAL AMOUNT SECURED BY CHARGES REGISTERED ON THE ASSETS OF COMPANIES DECREASED BY 19% FROM $83,940 MILLION TO $67,673 MILLION WHILE THE AMOUNT REPAID ON CHARGES, AS EVIDENCED BY CERTIFICATES OF SATISFACTION, INCREASED BY 124% FROM $9,621 MILLION TO $21,515 MILLION.
DURING THE YEAR A TOTAL OF 168 PROSPECTUSES OF PUBLIC COMPANIES, INCLUDING 52 IN RESPECT OF MUTUAL FUNDS, WERE APPROVED COMPARED WITH 192 PROSPECTUSES, INCLUDING 66 IN RESPECT OF MUTUAL FUNDS, DURING THE PREVIOUS YEAR.
/THE TOTAL