Registrar-Generals-Department-Annual-report-1969-1970 — Page 31

Registrar General Annual Report 華民政務司 註冊總署 年報 All

Since records of such cases were first kept in 1963-64 the numbers of incorporations in which a solicitor was not employed have risen as follows:

1963-64 1964-65

435 or 35% of all incorporations

1965-66

1966-67

568 or 40%,, 551 or 43% 639 or 45%,

99

0 99 >>

""

""

1967-68

وو

53

1968-69 1969-70

99

ל,

1,599 or 57%

640 or 53% 1,048 or 56% „

11

72. For purposes of comparison Part I of Table XIII gives an analysis of the companies registered in the last five years according to classes, and Part II gives an analysis of companies with a share capital registered in the last five years according to the amount of their nominal capital. With the sole exception of the number in the category $5m. and under $10m., which is the same as in the previous year and 12 short of the record number in 1965-66, the numbers in all categories are new records. Many companies are incorporated with low capitals pending further developments; for instance, some solicitors and account- ants like to keep a few incorporated companies 'in stock', the capitals of which are increased as soon as clients take over the companies and commence business. The aggregate total of all capitals was $1,599m., over $973m. more than the previous year's total, mainly accounted for by increases of $259m. for financiers and capitalists, $253m. for hotels, $165m. for land investment, $89m. for importers and exporters, $64m. for shipping, $34m. for garment manufacturers, $18m. for plastics manufacturers, $17m. for engineering, $15m. for wig manufacturers and $11m. for timber and paper merchants.

73. Table XIV shows graphically the post-war trends of the numbers of companies incorporated and the totals of their nominal capitals, and the trends since 1959-60 of the numbers of land invest- ment and import/export companies.

74. 336 companies were dissolved during the year as follows:

By Members' Voluntary Winding-up By Creditors' Voluntary Winding-up Struck off the Register under Section 291

...

...

113

7

216

336

Table XV gives an analysis according to the nature of business of the 336 companies dissolved or removed from the register during the year

25

Comments

Approved members can add comments, bookmarks, and private notes.

No comments yet.

Private Research Note

Private notes are available after approval.