The Land Registry will continue to exercise strict control on costs. Additional expenditure is expected to be incurred in the preparation for title registration. It is our target to cover these increased costs from further efficiency savings. Revenue and return on ANFA will depend mainly on transaction volumes in the property market. This in turn depends on wider economic factors and the trend of mortgage interest rates. Nevertheless, we expect to be able to achieve the return, as determined by the Financial Secretary, on the average net fixed assets (ANFA) employed in the coming financial year.