The Land Registry 2007/08 Annual Report
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Financial ManagementFinancial ObjectivesIn accordance with the general provisions of the Trading Funds Ordinance, the Land Registry pursues clearly defined financial objectives. These include:
- Meeting expenses incurred in the provision of services to the public and government departments out of the income of the trading fund, taking one year with another; and
- Achieving a reasonable return, as determined by the Financial Secretary, on the average net fixed assets (ANFA) employed
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