XN000022-1990-07-20 — Page 7

FRIDAY, JULY 20, 1990

A

THE TOTAL NUMBER OF OVERSEAS COMPANIES WHICH HAD ESTABLISHED

KONG UNDER PART XI OF THE COMPANIES IN HONG PLACE OF BUSINESS

THE TOTAL NUMBER ORDINANCE AT THE END OF JUNE 1990 AS COMPARED WITH AT THE END OF DECEMBER 1989 INCREASED BY 4 2,569.

PER CENT FROM 2,484 TO

A PLACE OF FIRST SIX MONTHS OF OVER THE NUMBER OF SUCH

THE NUMBER OF NEW OVERSEAS COMPANIES ESTABLISHING BUSINESS IN HONG KONG UNDER PART XI DURING THE 1990 WAS 185, AN INCREASE OF 42 PER CENT COMPANIES DURING THE FIRST SIX MONTHS OF 1989.

NO SEPARATE STATISTICS ARE

MAINTAINED ON HOW MANY SUBSIDIARIES OR TAKK UP A

COMPANIES INCORPORATE LOCAL SHAREHOLDING IN A HONG KONG COMPANY.

1990

OVERSEAS MAJORITY

EXISTING COMPANIES INCREASED IN THE FIRST HALF YEAR OF

CENT THEIR NOMINAL CAPITAL BY $16,388 MILLION, AN INCREASE OF 4 PER

IN THE SAMB PERIOD OF 1989, OVER THE INCREASE OF $15,698 MILLION

NEW COMPANIES INCORPORATED DURING WHILE THE NOMINAL CAPITAL OF

FROM $1,712 MILLION ΤΟ JANUARY JUNE 1990 DECREASED BY 8 PER CENT $1,677 MILLION COMPARED WITH THE SAME PERIOD IN 1989.

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AS

CENT

ON THE ASSETS THE TOTAL AMOUNT SECURED BY CHARGES REGISTERED

$32,637 OF COMPANIES DECREASED BY 42 PER CENT FROM $56,695 MILLION TO

FIRST SIX MONTHS OF MILLION AND THE NUMBER OF CHARGES FILED IN THE

FROM 17,239 TO 14,467 OVER THE 1990 HAD DECREASED BY 16 PER CENT

THE AMOUNT REPAID ON CHARGES, FIRST SIX MONTHS OF 1989, WHILE EVIDENCED BY CERTIFICATES OF SATISFACTION, INCREASED BY 31 PER

CERTIFICATES FROM $6,832 MILLION TO $8,970 MILLION, AND THE NUMBER OF HAD DECREASED BY 13 PER CENT FROM 7,264 TO 6,345 IN THE SAME PERIOD.

DURING THE

TOTAL OF 72 PROSPECTUSES OF PUBLIC APPROVED AS COMPANIES, INCLUDING 51 IN RESPECT OF MUTUAL FUNDS, WERE

IN RESPECT OF MUTUAL FUNDS, AGAINST 50 PROSPECTUSES, INCLUDING 18 DURING THE CORRESPONDING PERIOD IN 1989.

A PERIOD

DURING THE FIRST IN 1989

THE NUMBER OF DOCUMENTS RECEIVED FOR FILING SIX MONTHS OF 1990 AS COMPARED WITH THAT FOR THE SAME PERIOD DECREASED BY 18 PER CENT FROM 510,349 TO 416,120.

OF RESERVATION ОР THE NUMBER OF ENQUIRIES FOR AVAILABILITY

1990 WAS 85,292 WHICH WAS

WAS A NAMES DURING THE FIRST SIX MONTHS OF

WHEN DECREASE OF 27 PER CENT OVER THE CORRESPONDING PERIOD IN 1989 10 PER WAS AN INCREASE OF

CENT 116,970 ENQUIRIES WERE MADE, BUT

DURING THE SECOND COMPARED WITH THE FIGURE OF 77,796 ENQUIRIES MADE SIX MONTHS OF 1989.

OF

OF

BUMMONSES ISSUED BY THE REGISTRAR THE TOTAL NUMBER

BREACHES OF THE COMPANIES AGAINST COMPANIES AND THEIR DIRECTORS FOR

ANNUAL RETURNS WITH COMPANIES ORDINANCE, MAINLY FOR FAILURE TO FILE

COMPARED WITH 103 ACCOUNTS, IN THE FIRST SIX MONTHS OF 1990 WAS 70, DURING THE SAME PERIOD IN 1989. DURING THE PERIOD NINE BUMMONSES WITHDRAWN (FOR EXAMPLE BECAUSE OF NON-SERVICE), 78 RESULTED CONVICTIONS COMPARED WITH 113 IN THE SAME PERIOD OF 1989 AND 66 REMAIN TO BE HEARD BY THE COURT (122 IN THE SAME PERIOD OF 1989).

THE TOTAL AMOUNT OF FINES IMPOSED FOR CONVICTIONS IN THE

WITH $300,960 IN HALF YEAR

1990 WAS $172,160, COMPARED OF CORRESPONDING PERIOD IN 1989.

WERB IN

FIRST

THE

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