Land Registry Annual Report
2003/04
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The Land Registry Trading Fund |
In August
1993, the Land Registry was established as one of Hong Kong's first Trading
Fund Departments.
Under the trading fund model, the Land Registry governs its own finances and must meet its expenditure with its own income. The Land Registry has flexibility to respond to the service needs of clients and customers through autonomy in capital investment projects to enhance services and operational efficiency. The Land Registrar serves as the General Manager of the Land Registry Trading Fund. The Trading Fund's Annual Report and the certified financial statements by the Director of Audit must be tabled in the Hong Kong Legislative Council each year. |
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