The Land Registry Trading Fund (Extension and Amendment) Order 2003
| Jurisdiction | UK Non-devolved |
| Citation | SI 2003/2094 |
| Year | 2003 |
2003 No. 2094
GOVERNMENT TRADING FUNDS
The Land Registry Trading Fund (Extension and Amendment) Order 2003
Made 11th August 2003
Laid Before Parliament 19th June 2003
Coming into force 13th October 2003
Whereas:
The Land Registry Trading Fund Order 19931established under the Government Trading Funds Act 1973 (“the 1973 Act”)2a trading fund to be known as the Land Registry Trading Fund (“the Fund”);
It appears to the Lord Chancellor that—
(a) additional operations of the Land Registry (being operations of a Department of the Government for which the Lord Chancellor is responsible) are suitable to be financed by means of a trading fund and, in particular, to be so managed that the revenue of the fund would consist principally of receipts in respect of goods or services provided in the course of the operations in question; and
(b) the financing of those operations by means of a trading fund would be in the interests of the improved efficiency and effectiveness of the management of those operations; and
(c) the operations of the Fund should be extended to those operations.
The Lord Chancellor has, in accordance with section 2 of the 1973 Act and with the concurrence of the Treasury, determined that no Crown assets or liabilities, other than those already appropriated to the Fund are properly attributable to the additional operations;
In accordance with section 6(2) of the 1973 Act, a draft of this Order has been laid before the House of Commons and has been approved by a resolution of that House.
Now, therefore, the Lord Chancellor in exercise of the powers conferred upon him by sections 1(1), 2(1) and 6(1) of the 1973 Act, and of all other powers enabling him in that behalf, with the concurrence of the Treasury, hereby makes the following order:
Citation and commencement
1. This Order may be cited as the Land Registry Trading Fund (Extension and Amendment) Order 2003 and shall come into force on 13th October 2003.
Amendment of the 1993 Order
2. The Land Registry Trading Fund Order 1993 (“the 1993 Order”) is amended as follows:
(a) In article 2, the words “Land Registration Act 20023” are substituted for the words “Land Registration Act 1925”.
(b) For Schedule 1 to the 1993 Order, there is substituted the Schedule set out in the Schedule to this Order.
David Lammy
Parliamentary Under Secretary of State
Department for Constitutional Affairs
Dated 2nd August...
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