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Companies Registry's annual report tabled in LegCo
The Companies Registry has produced a surplus of $9.9 million for the financial year ended March 31, according to its annual report for 1995-96 tabled in the Legislative Council today (Wednesday) by the acting Secretary for Financial Services, Mrs Lessie Wei.
"The retained earnings of $6.9 million after a dividend payment of $3 million to the Government will be used to develop and improve the various services provided to customers," the Registrar of Companies, Mr Gordon Jones, said.
In terms of service delivery, the performance targets set for the year were in most cases exceeded. As a result, customers enjoyed a better standard of service.
The public areas of the Registry's Queensway Government Offices premises have been extensively refurbished. With improvements to the facilities, customers doing business at the Registry now experience a more comfortable and welcoming atmosphere.
Over the past year, the Registry has launched the sale of the company names and document indices in the form of a CD-ROM and a fax ordering service for supplying company records on microfiche,
"This is the first step to allow customers to have remote access to the Registry's public records.
"The Registry is developing a full database of vital company information with a view to providing a full remote-access service to customers in near future," said Mr Jones.
Proposals have been made to de-regulate all the statutory forms under the Companies Ordinance and replace the most commonly used forms with new bilingual, more user-friendly forms.
It is hoped that the new forms can be introduced, along with proposals to permit the filing of documents in either Chinese or English by late 1996 or early 1997.
The report is the Registry's third since it became a trading fund in August 1993.