Registrar-Generals-Department-Annual-report-1955-1956 — Page 20

Dissolutions

27. 469 companies were dissolved during the year as

follows:-

By Members' Voluntary Winding-Up

By Creditors' Voluntary Winding-Up

Struck off the Register under Section 276, including 362 defunct companies which had not reconstructed their records and of which nothing was known

Struck off the Register under Section 94

53

1

414

1

469

Liquidations in Progress

28. At the end of the year 111 companies were in the course of being wound up as follows:-

Liquidations begun prior to begun during

1/4/55

Liquidations

1955/56

By Members' Voluntary Winding-

Up

68

22

By Creditors' Voluntary Winding-

Up

5

2

By Winding-Up by the Court

14

87

24

Local or Branch Registrars

29. Four licences to keep local or branch Share Registers were granted under Section 103 of the Ordinance.

Money-Lenders

30. 11 Money-lenders licences. were issued under the Money-Lenders Ordinance (Cap. 163). This is 8 less than in 1954/55, the reduction being no doubt due to the heavy increase in the fee from $50 to $500 on 25th March, 1955.

14

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