Evolution of Hawaiian volcanoes went through the rejuvenated stage, while its younger neighbors, East Molokai and West Maui, have evidently done so. It is currently unknown what stage of development the submerged volcano of Penguin Bank is in. In recent years research at other seamounts, for instance Jasper Seamount, has confirmed that the Hawaiian model applies to other seamounts as well. Evolution of Hawaiian volcanoes The fifteen volcanoes that make up the eight principal islands of Hawaii are the youngest in a chain of more than 129 volcanoes that stretch across the North Pacific Ocean, called the Hawaiian-Emperor seamount chain. Hawaii's volcanoes rise an
Economy of the British Virgin Islands Islands was the second largest source of foreign direct investment in the world (behind Hong Kong) with over US$123,000,000,000. Almost all of these sums are directly attributable to investment through the Territory's offshore finance industry. The British Virgin Islands also promotes a number of regulated financial services products. The most important of these is the formation and regulation of offshore investment funds. The Territory is also the second largest domicile for formation of offshore investment funds (behind the Cayman Islands) with 2,422 licensed open-ended funds as at 30 June 2012 (there is no official statistics for closed-ended funds which are