I am informed by the Registrar of Titles and Deeds that the income for 2000 amounted to £34 million, in cash receipts, for services provided and applications lodged.
I am further informed that the total direct expenditure in the registries for 2000 was £17 million. In addition, I understand the notional costs for superannuation, accommodation and services provided by other Departments amounted to £4.3 million. In addition, the total cost of pensions for existing staff amounts to £2.5 million.
Prepayments of fees, in respect of applications lodged in the registries but not completed at the end of 2000 amounted to £9.7 million.
Under Government accounting rules and taking account of notional costs, the registries had a surplus of £12.7 million during 2000. However, under accrual accounting rules the registries had a real surplus of £0.5 million.