1996 No. 750

GOVERNMENT TRADING FUNDS

The Land Registry Trading Fund (Additional Assets) Order 1996

Made

Laid before Parliament

Coming into force

Whereas:

1

The Land Registry Trading Fund (“the Fund”) was established under the Government Trading Funds Act 19731 (“the 1973 Act”) by the Land Registry Trading Fund Order 19932 (“the 1993 Order”) with effect from 1st April 1993;

2

Under article 5(1) of the 1993 Order, the assets and liabilities set out in Schedule 2 to the 1993 Order were appropriated as assets and liabilities of the Fund;

3

The Lord Chancellor with Treasury concurrence has determined that the additional Crown assets referred to in article 2 of this Order are properly attributable to the funded operations which are financed by means of the Fund and are suitable to be appropriated to the Fund;

Now therefore, the Lord Chancellor, in exercise of the powers conferred on him by sections 1, 2(2) and (7), 2A(1) and 6(1) of the 1973 Act and of all other powers enabling him in that behalf, with Treasury concurrence, hereby makes the following Order:

Citation and commencement1

This Order may be cited as the Land Registry Trading Fund (Additional Assets) Order 1996 and shall come into force on 1st April 1996.

Appropriation of additional assets to the Fund2

1

Crown assets consisting of:

a

freehold land and buildings forming the site of the Nottingham District Land Registry; and

b

freehold land and buildings adjoining the site of the Tunbridge Wells District Land Registry,

used or allocated for use in the funded operations which are financed by means of the Fund shall be appropriated as additional assets of the Fund.

2

The whole of the amount of the value of the assets referred to in paragraph (1) shall be treated as public dividend capital of the Fund.

Mackay of Clashfern, C.

We concur,

Bowen WellsMichael BatesTwo of the Lord Commissioners of Her Majesty’s Treasury

(This note is not part of the Order)

This Order, which comes into force on 1st April 1996, appropriates additional Crown assets to the Government trading fund established under the Land Registry Trading Fund Order 1993 and provides for the whole amount of their value (estimated at £6,100,000) to be treated as public dividend capital of the Fund.