XN000022-1978-01-06 — Page 3

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FRIDAY, JANUARY 6, 1978

NUMBER OF COMPANIES REGISTERED IN HK EXCEED$ 50,000 ******

THE NUMBER OF COMPANIES INCORPORATED IN HONG KONG SINCE THE INCEPTION OF THE COMPANIES REGISTRY IN 1865 HAS EXCEEDED THE 50,000 MARK TODAY,

COMMENTING ON THIS, THE REGISTRAR OF COMPANIES, MR. P. JACOBS SAID THE RAPID INCREASE IN THE NUMBER OF COMPANIES BEING INCORPORATED IN RECENT YEARS WAS MAKING THE COMPANIES REGISTRY MUCH BUS JER THAN IT HAD BEEN AT ANY TIME IN ITS HISTORY.

HE SAID 10,000 COMPANIES HAD BEEN INCORPORATED IN

HONG KONG IN LESS THAN TWO YEARS SINCE MARCH 1976, WHEREAS IT TOOK JUST OVER 100 YEARS UP TO 1966 FOR THE FIRST‍ 10,000 COMPANIES TO BE INCORPORATED.

THE NEXT 10,000 COMPANIES APPEARED ON THE REGISTER IN THE FIVE YEARS FROM JULY 1966 TO JUNE 1971. ANOTHER 10,000 WERE REGISTERED IN THE NEXT TWO YEARS AND FOUR MONTHS, AND THE FOLLOWING 10,000 IN TWO YEARS AND FIVE MONTHS FROM NOVEMBER 1973 TO MARCH 1976.

MR. JACOBS ADDED THAT EVERY COMPANY ON THE REGISTER HAD TO FILE A VARIETY OF DOCUMENTS RELATING TO ITS AFFAIRS AND PEOPLE DEALING WITH COMPANIES OFTEN CALL AT THE COMPANIES REGISTRY TO INSPECT THE FILES.

HONG KONG GOVERNMENT

REHABILITATION DOLLAR LOAN 1973/1978

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THE GOVERNMENT HAS ANNOUNCED THAT THE PRINCIPAL MONEYS AND INTEREST DUE ON THE REHABILITATION DOLLAR LOAN UP TO JANUARY 15, 1978 (SUNDAY) WILL BE PAID ON JANUARY 14.

THE PAYMENTS WILL BE MADE ON PRESENTATION OF THE BONDS ALONG WITH INTEREST COUPONS AT THE HEAD OFFICE OF THE HONGKONG AND SHANGHAI BANKING CORPORATION OR AT THE HEAD OFFICE OF THE CHARTERED BANK, BOTH IN QUEEN'S ROAD, CENTRAL, HONG KONG.

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