Investment Drops
J Although there was an increase in the number of private companies registered last year, nominal capital . dropped, said the Govern-1 I ment Statistician (Mr J. V. T.' ■ Baker). ‘ The drop in nominal, capi- ■ tai, from s32m in 1967 to; i s3om last year, continues a; decline from 1966 when noni-i • inal capital invested in private companies amounted to 1 $37.6ni. In all 4955 private 1 companies were registered in 1968, compared with 4771 in ■ the previous year and 5556 1 in 1966. ; More than a quarter of the , private companies registered j last year had as an object the wholesale and retail trade. Figures for the puqioses for . which the companies were' ; formed were; wholesale and . retail, 1853; agriculture, live-' i stock production, forestry and ■ ' fishing, 560: real estate, 447; ; personal services, 439; and construction, 414. > In addition to private com-: ■ panies, 20 public companies! • with a nominal capital of s6m i were registered in 1968 and ■ 35 overseas companies were; > ai«jo registered.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19690430.2.37
Bibliographic details
Press, Volume CIX, Issue 31975, 30 April 1969, Page 4
Word Count
166Investment Drops Press, Volume CIX, Issue 31975, 30 April 1969, Page 4
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.