REPORT OF THE GOVERNOR OF THE VIRGIN ISLANDS + 13

Offices of the Recorder of Deeds-St. Thomas and St. Croix

 The following is a comparative table of documents recorded during
the last four fiscal years:

 1960 1961 1962
 Document
 St. Thomas St. Croix St. Thomas St. Croix St. Thomas St. Croix

Deeds ....____----.--___ 448 480 426 441 583 676
Mortgages--..---.--... 327 325 360 383 349 403
Chattle mortgages ..-- 70 113 116 144 236 166
Conditional sales con-
tracts.......___ 863 59 886 106 1,040 161
Cancellations and re-
leases ----------- 220 240 216 401 235 352
Bills of sale----- ---------- ---- ------- 11 ------
Adjudications ....--- 18 8 24 15 21 30
Certificates of death---- __- 16 5 8 2 10
Assignments-..- ---._-- -___-_-_ _----- --- 35 ------
Leases-- __--- 18 -- _------ 43 -
Easements --------- --------- ----15 --.--------- -------------- ------- -
Liens...----.....------------- 34 _- 91 -----.
Miscellaneous -..... 116 119 86 132 119 297
Certificates of attach-
ment------------_ ----_----- 107 ------------ 113
 Total.------- --- 2,062 1,360 2,221 1,737 2,730 2,208


Industrial Incentive Program

 The Industrial Incentive program, geared over the past five years
toward attracting industries to the Virgin Islands with the objective
of providing large scale employment locally, was moderately effective
and was scheduled to expire on December 31, 1961. However, the
administration mindful of the problems and anxious to improve the
economic opportunities for the people of the Virgin Islands conducted
a study of the laws and policies governing the incentive program.
Based on the findings, Act 798 was passed to extend the program,
enlarge the number of eligible enterprises and remove the conflicts
and ambiguities of the old law. It was hoped that these improve-
ments would induce new industries to establish in the Virgin Islands.
This may well have been the case, as in 1962 there were 76 tax exempt
businesses as compared with 55 in the preceding year, and it attracted
Harvey Alumina, a corporation with a demonstrable capital invest-
ment of $1,000,000 and annual employment potential of 500 persons.


 Division of Personnel

 The Division of Personnel completed its fifteenth year of opera-
tion, having been created in 1947. Its work is concerned with
performing centralized staff functions for the Government of the
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