
1 
This Order may be cited as the Land Registry Trading Fund Order 1993 and shall come into force on 1st April 1993.
2 
In this Order:
 “the 1973 Act” means the Government Trading Funds Act 1973 as amended by the Government Trading Act 1990 and the Finance Act 1991;
 “the Land Registry” means that Department of Government known as Her Majesty’s Land Registry;
 “the fund” means the fund established by article 3 of this Order;
 “the funded operations” means the operations of the Land Registry as described in Schedule 1 to this Order;
 “the Chief Land Registrar” has the same meaning as in the Land Registration Act 1925.
3 

(1) There shall be established as from 1st April 1993 a fund for the funded operations.
(2) The fund shall be under the control and management of the Chief Land Registrar.
(3) The 1973 Act shall have effect as if the following references in the Act to the responsible Minister were references to the Chief Land Registrar, namely:
(a) the references in subsections (1) and (2)(b) of section 3;
(b) the first reference in subsection (1) of section 4; and
(c) the references in subsections (2), (3) and (5) of section 4.
4 
The National Loans Fund is designated as the source of issues to the fund by way of loan.
5 

(1) The Crown assets and liabilities set out in Schedule 2 to this Order shall be appropriated as assets and liabilities of the fund.
(2) 50% of the amount by which the values of the said assets exceed the values of the said liabilities shall be treated as public dividend capital of the fund.
6 
The maximum amount that may be issued to the fund by way of loan under section 2B of the 1973 Act shall be £130,000,000.
Mackay of Clashfern, C.
Dated 31st March 1993We concur
Nicholas Baker
Tim Kirkhope
Two of the Lords Commissioners of Her Majesty’s Treasury
Dated 31st March 1993
SCHEDULE 1
Article 2
1 
The conduct of the whole business of the registration of titles to land under the Land Registration Acts 1925 to 1986.
2 
The conduct of the whole business of the registration of land charges and other instruments and matters under the Land Charges Act 1972.
3 
The conduct of the whole business of the registration of agricultural charges under the Agricultural Credits Act 1928.
4 
Without prejudice to the foregoing, the performance by the Chief Land Registrar and any other officers of the Land Registry of any function imposed on them or any of them by law as at 1st April 1993.
5 
Operations incidental, conducive or otherwise ancillary to the foregoing.
SCHEDULE 2
Article 5
The following property as the same are used for the purpose of the funded operations as at 1st April 1993:
 Freehold land and buildings used or allocated for use in the funded operations
 Leasehold land and buildings used or allocated for use in the funded operations
 Plant and equipment
 Computer hardware and software

 Fees paid in advance as at 1st April 1993 under the Agricultural Credits Fees Order 1985, the Land Charges Fees Rules 1990 and the Land Registration Fees Order 1992.
 Other Land Registry creditors.