Registrar-Generals-Department-Annual-report-1969-1970 — Page 33

80. One licence to keep a branch Share Register was granted under Section 103 of the Ordinance.

81. 1,128 charges were registered by companies securing a total of $865,697,349, and 1,751 certificates of satisfaction were submitted in respect of charges totalling $366,615,762. There was therefore an in- crease of over $499m. in the amounts of charges subsisting. This does not mean that the amount actually owed by companies and secured by charges increased by that sum, because in many cases charges are granted to secure banking facilities, which may not be utilized up to the full amount for which the property is charged. The numbers and amounts of charges and certificates of satisfaction registered have varied over the past five years as follows:

Charges

No. Amount

Certificates of Satisfaction

1965-66

1966-67

1967-68

1968-69

1969-70

:

:

No.

Amount

935 $ 715m.

587 $ 154m.

908

565m.

1,025

249m.

664

361m.

865

233m.

...

823

646m.

1,163

376m.

1,128

865m.

1,751

366m.

$3,152m.

$1,378m.

Over the last five years there has therefore been an apparent increase in the amounts of charges subsisting of $1,774m., but some of this no doubt relates to companies that are in liquidation or have been dissolved.

Companies incorporated outside the Colony

82. 62 companies incorporated outside the Colony established a place of business within the Colony and complied with the provisions of Part XI of the Ordinance. At the end of the year there were 655 such companies registered as compared with 609 the year before. Table XVI shows the countries in which these 655 companies are incor- porated. The United States leads with 172 companies, and is followed by the United Kingdom with 94, Japan 66, Panama 45, Singapore 39, Switzerland and Australia 29 each, China 24, Canada 23 and Malaysia 19.

82. Table XVII gives an analysis of the 655 companies to which the preceding paragraph refers according to the nature of their business. This shows that the total includes 129 import and export companies,

27

: