§ MR. GREENE (Shrewsbury)I beg to ask the Chancellor of the Exchequer whether Her Majesty's Government are prepared to advise the application, and to apply public funds, and to what amount, for the purpose of establishing or maintaining, wholly or in part, registries and officers, or to provide for expenses and compensations so as to enable the provisions of the Land Transfer Bill to be carried out; and whether Her Majesty's Government have computed the expense or have received or can furnish any estimate either of the cost to the public of establishing and maintaining the proposed system of compulsory registration of title or of the revenue likely to arise from the charges to be payable upon registration?
§ THE CHANCELLOR OF THE EXCHEQUER (Sir W. HARCOURT,) DerbyThe Government do not contemplate the necessity of applying public funds for the purpose of the Land Transfer Bill. A very low scale of fees (in lieu of existing costs of conveyance) will, in our opinion, suffice for covering office expenses, so great is the number of transactions in land.