Registrar-Generals-Department-Annual-report-1970-1971 — Page 37

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

more than the previous year's total, mainly accounted for by increases of $420m. for land investment, $194m. for financiers and capitalists, $50m. for textile manufacturers and $44m. for importers and exporters.

77. 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 investment and import/ export companies.

78. 317 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

...

120

4

193

317

Table XV gives an analysis according to the nature of business of the 317 companies dissolved or removed from the register during the year and also of the aggregate total of 1,553 for the five years ended 31st March 1971. The main casualties were as usual in import and export companies, which lost 95, while land investment companies lost 34, shipping companies 21, restaurants 18, garment manufacturers 15, and engineering etc. companies 14.

79. With 3,461 new companies, one restoration and 317 dissolutions, there was a net increase of 3,145 in the number of companies on the register, which on 31st March 1971 stood at 18,993, comprising 1,251 public companies (mostly companies limited by guarantee), and 17,742 private companies.

80. The number of documents received for filing and the number of inspections of files by the public rose to the new record figures of 52,906 and 53,740 respectively. These figures represent increases of about 19.7% and 38% over the corresponding figures for 1969–70.

81. Although under no statutory obligation to do so, the Companies Registry sends reminders in respect of failures to file Annual Returns and other documents within the prescribed periods, and every year publishes advertisements calling attention to the statutory requirements. On the incorporation of every new company the Companies Registry supplies it with a pamphlet entitled 'Notes on certain provisions of the Companies Ordinance with special reference to documents which have

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