XN000022-1994-07-14 — Page 7

THURSDAY, JULY 14, 1994

OWNERS AND OCCUPIERS IN PRIVATE PREMISES ARE, HOWEVER, ADVISED ΤΟ DECIDE ON ACCESS BY CANDIDATES BY SECRET BALLOT AT A MEETING, AND WHERE APPROPRIATE, TO SET CONDITIONS FOR THE ACCESS BY CANDIDATES AND FOR THE DISPLAY OF THEIR ELECTION ADVERTISEMENTS.

THE BEC GUIDELINES WILL COME INTO OPERATION ON THE DATE OF PUBLICATION TOMORROW (JULY 15).

IN

"THE COMMISSION IS COMMITTED то ENSURE THAT THE COMING ELECTIONS WILL BE CONDUCTED FAIRLY, OPENLY AND HONESTLY, THE CHAIRMAN SAID.

ΤΟ PREPARE FOR THE SEPTEMBER DISTRICT BOARD ELECTIONS, MR JUSTICE WOO URGES ALL PROSPECTIVE CANDIDATES TO STUDY CAREFULLY THE 16-CHAPTER GUIDELINES WHICH EXPLAIN IN DETAIL THE ELECTION PROCEDURE, THE REGULATION WHICH THEY AND THEIR AGENTS SHOULD OBSERVE AND THE AREAS TO WHICH THEY SHOULD PAY SPECIAL ATTENTION.

HE SAID THE COMMISSION HOPED TO WORK CLOSELY WITH ALL THE CANDIDATES TOWARDS A SUCCESSFUL ELECTION IN SEPTEMBER.

THE

NOMINATION PERIOD WILL START ON AUGUST 1 AND LAST UNTIL

AUGUST 15.

MORE COMPANIES REGISTERED FROM JAN-JUNE, 1994

FIGURES RELEASED TODAY (THURSDAY) BY THE ACTING REGISTRAR OF COMPANIES, MR A H PATEL, INDICATED THAT MORE COMPANIES HAD REGISTERED FOR THE FIRST SIX MONTHS OF 1994 BY COMPARISON WITH THE SAME PERIOD LAST YEAR.

OF OF

THE COMPANIES REGISTRY FIGURES SHOWED THAT THE TOTAL NUMBER COMPANIES NOW REGISTERED UNDER THE COMPANIES ORDINANCE AT THE END JUNE 1994 AS COMPARED WITH THE TOTAL NUMBER AT THE END OF DECEMBER 1993 HAD INCREASED BY 5.4 PER CENT FROM 415,911 TO 438,220,

THE NUMBER OF NEW COMPANIES REGISTERED DURING THE FIRST SIX MONTHS OF 1994 HAD DECREASED 25 PER CENT FROM 33,477 TO 25,047 LAS COMPARED WITH THE CORRESPONDING PERIOD OF 1993.

THE TOTAL NUMBER OF OVERSEAS COMPANIES WHICH HAD AN ESTABLISHED PLACE OF BUSINESS IN HONG KONG AT THE END OF JUNE 1994 AS COMPARED WITH THE TOTAL NUMBER AT THE END OF DECEMBER 1993 INCREASED BY 5.9 PER CENT FROM 3,544 TO 3,752.

THE NUMBER OF NEW OVERSEAS COMPANIES ESTABLISHING A PLACE OF BUSINESS IN HONG KONG DURING THE FIRST SIX MONTHS OF 1994 WAS 275, AN INCREASE OF 23 PER CENT COMPARED WITH THE FIRST SIX MONTHS OF 1993.

NO SEPARATE STATISTICS ARE MAINTAINED ON HOW MANY OVERSEAS COMPANIES INCORPORATE LOCAL SUBSIDIARIES OR TAKE UP A MAJORITY SHAREHOLDING IN A HONG KONG COMPANY.

/IN THE