LAND REGISTRY TRADING FUND
Statement of Changes in Equity

for the year ended 31 March 2010
(Expressed in thousands of Hong Kong dollars)

	Note	2010			2009
Balance at beginning of year		851,153			1,045,643
Total comprehensive income for the year		149,709			93,516
Dividend paid during the year		(146,759	)		(288,006	)
Balance at end of year		854,103			851,153

The Notes to the Financial Statements form part of these financial statements.