§ Lord Coleraine
asked Her Majesty's Government:
Whether the Land Registry is inhibited by governmental financial constraints, and whether they are considering proposals, such as the transfer of the functions of the Land Registry to outside private agencies, to enable market forces to determine the service which is provided to the public.
§ The Lord Chancellor (Lord Mackay of Clashfern)
The Treasury has recently approved a significant increase in the expenditure and manpower to be made available to enable HM Land Registry to meet its growing commitments. Furthermore, discussions are being held with a view to ensuring that manpower resources can be adjusted more readily to reflect the level of activity prevailing from time to time in the conveyancing and mortgage markets.