| The Land Registry 
                    is transforming the Land Registration System of Hong Kong 
                    to meet the present and future need of the community. The 
                    Change Programme entails replacing the nine district registration 
                    offices now in existence by a centralised registration system 
                    and introducing a Land Titles Registration System. It will 
                    bring international best practice in service quality and capability. 
                    The plan is being taken forward through new technology, new 
                    legislation, improved facilities and staff training. In 2002/03, the Land Registry achieved significant progress 
                    with its Strategic Change Plan. The Legislative Council enacted 
                    the Land Registration (Amendment) Ordinance in July 2002. 
                    The Ordinance empowers the Land Registry to merge the eight 
                    New Territories District Land Registries with the Urban Registry 
                    to create a comprehensive Registration Service for the whole 
                    territory. It also allowed the Land Registry to proceed with 
                    a HK$146 million contract to deliver the Integrated Registration 
                    Information System (IRIS). Development of this robust platform 
                    is in full swing. We have defined the details of the requirement 
                    specifications and completed the system analysis and design 
                    of the new mission critical system. Land Registry staff are 
                    now contributing to the system construction process and the 
                    planning for system integration tests. Value-added IRIS services such as shorter business processing 
                    time, fast Internet access, enhanced data security and recovery, 
                    one-stop counter service, self-help service and a Chinese 
                    language facility for IRIS, highlight our commitments to the 
                    vision of being the best in all that we do. A new design of memorial form is being developed to suit 
                    users' needs, and to obtain maximum operation efficiency for 
                    both front office operation and updating of the land register. 
                    The new design follows the international best practice of 
                    property-based approach. The format of the land register will 
                    also be revised to provide clearer presentation and greater 
                    convenience to users. To allow us to deploy our new information technology effectively 
                    to support our new business flow, the Land Registry offices 
                    are being refurbished. The improved offices will provide an 
                    improved service environment for customers and a better working 
                    environment for our staff when IRIS rolls out in January 2004.    |