XN000022-1987-07-23 — Page 4

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THURSDAY, JULY 23, 1987

T

THE SIR EDWARD YOUDE MEMORIAL FUND COUNCIL WAS ESTABLISHED IN APRIL THIS YEAR. IT IS RESPONSIBLE FOR DETERMINING THE USES OF THE PROCEEDS OF THE FUND FOR PROMOTING THE EDUCATION AND LEARNING OF THE PEOPLE OF HONG KONG AND ENCOURAGING RESEARCH ACTIVITIES IN HONG KONG. THE COUNCIL'S MEMBERSHIP IS AS FOLLOWS:

MR STEPHEN CHEONG (CHAIRMAN)

THE SECRETARY FOR EDUCATION AND MANPOWER

LADY YOUDE

PROFESSOR LEUNG WAI-SUN

DR BENJAMIN TSOU

DR LUI MING-WAH, AND

MR ANTHONY KAN

THE SIR EDWARD YOUDE MEMORIAL FUND AT PRESENT STANDS AT $82 MILLION. IT IS MANAGED BY A BOARD OF TRUSTEES CHAIRED BY MR Q.W. LEE THE COUNCIL MAY HOWEVER USE THE PROCEEDS OF THE FUND ONLY,

I.E. IT MAY NOT USE THE CAPITAL SUM OF THE FUND. ANY PERSON OR PARTY WILLING

CONTRIBUTION TO CONTRIBUTE TO THE FUND MAY SEND THE

ΤΟ ANY OF THE

ANY DISTRICT OFFICES OR TREASURY OFFICES, AS WELL AS AT

BRANCHES THE HONG KONG BANK, THE HANG SENG BANK AND THE HANG LUNG BANK.

1

OF

INCREASED LEVEL OF COMMERCIAL ACTIVITIES RECORDED

AREAS AND MONTHS OF

MAJOR INCREASES OF ACITIVITY IN MOST COMMERCIAL MINOR DECREASES IN OTHERS WERE RECORDED FOR THE FIRST SIX THE CALENDAR YEAR 1987 BY COMPARISON WITH THE

PERIOD OF 1986, FIGURES RELEASED BY THE REGISTRAR GENERAL, MR NOEL GLEESON, FOR THE COMMERCIAL DIVISION OF HIS DEPARTMENT TODAY (THURSDAY) INDICATED.

SAME

THE COMPANIES REGISTRY FIGURES SHOWED THAT THE TOTAL NUMBER OF COMPANIES REGISTERED UNDER THE COMPANIES ORDINANCE AT THE END OF JUNE 1987 AS COMPARED WITH THE TOTAL NUMBER AT THE END OF DECEMBER 1986 NUMBER HAD INCREASED BY 6 PER CENT FROM 161,986 TO 172,300 WHILE THE OF NEW COMPANIES REGISTERED DURING THE FIRST SIX MONTHS OF 1987 HAD INCREASED 63 PER CENT FROM 7,262 ΤΟ 11.860 AS

WITH THE

CORRESPONDING PERIOD OF 1986.

COMPARED

/THE TOTAL