Page 4 Advertisements Column 2

Cromwell Argus, Volume III, Issue 123, 19 March 1872, Page 4

On all Conveyances by Deed under the old system, the cost of Registration in the Deeds Registry, oven and above the solicitor's charge, is never less than fifteen shillings, frequently very much more ; while land which has been b.rought under the provisions of the Land Transfer Act can be transferred at a total cost of eleven shillings where a whole section is conveyed ; and where only part is conveyed, (and therefore a fresh certificate of title necessitated,) of thirty-one shillings, which is the highest sum allowed by the Act, no matter what the value or area of the land. Under the Regulations in force on and after the Ist of January, 1872, the charge for certificates of title issued upon Memoranda of Transfer is REDUCED TO TEN SHILLINGS ill all Cases WHERE THE VALUE OF THE LAND IS UNDER TEN ROUNDS. The total cost of executing a mortgage or lease of land registered under the Act is twelve shillings, no matter what the amount involved. A Mortgage maybe transferred or discharged, or a Lease transferred or surrendered, for five These Operations involve no Delays. The following are some of the advantages conferred by the Land Transfer System : 1 It secures the principal benefits and advantages sought to be attained in .a system of registration of dceils. '2. It renders retrospective investigations of title unnecessary as to all lands registered. 3. It simplifies the titles to ileal Property for the future. 4. It makes purchasers of the fee avid leases perfectly secure. f>. It simplifies to the utmost possible extent the forms of transfer and the mules of c >avevG. It increases five saleable value of land. 7 It tends to lower the rate of interest on loans secured on lands. S. It gives facilities for the sale of large estates in allotment's. 9. Transactions can be effected at a moment's notice, and at a minimum of cost. 10. Frauds in the purchase and sale of land are effectually prevented, because the certificate of title in thy possession of the vendor shows the exact condition of the estate, i e., if the estate be mortgaged, encumbered, or leased. Memoranda disclosing the particulars of any such transactions affecting the estate are written unon the FEES CHARGEABLE UNDER THE LAND TRANSFER ACT. (Extract from New Zealand Ctazvtle, No. C>i, of oth December, 1871.) For bringing Land under the provisions of the \\ lien the title consists oi a, <irant dated on or subsequent to the 2Sth December, 18 il, and none of the land included therein lias been dealt with When the title is of any other description, and the value exceeds scHption, and the value exceeds C2-!K). and does not exceed. L\'J!K) 0 l<s 0 When the title is of any other description, and the value exceeds CIOO, and does not exceed £2OO 0 10 0 When the title is of any other description, and the value dues not exceed .€IOO 0 5 0 Contributions to Assurance Fund tralion of an estate- of freehold in possession derived by settlement, will, or mi cstacy— In the pound sterling ... 0 0 ' Other'foes— For every npplieati m to bring land under the Act ~ ... 0 5 0 For certificate of title where the same is issued in the name of any applicant grantee ... ... ... Nil For certificate of Title issued upon any memorandum of transfer where the consideration is under £lO and is not nominal 0 10 0 For every other certificate of title ! 0 0 Registering memorandum of transfer, mortgage, encumbrance or Registering transferor discharge of mortgage or of encumbrance, or the transferor surrender of a lease 0 5 0 Registering proprietor of any estate or interest derived by settlement or transmission 0 10 0 For every power of attorney ... o if> 0 For every registration abstract ... 1 0 () For cancelling registration abstract 0 7> (; For every revocation order 0 10 0 Noting caveat 0 10 0 Cancelling or withdrawal of caveat, an I service of notice to caveator or caveateo 0 5 0 Issuing order for foreclosure ... 1 0 0 For every search It 2 0 For every general search . ... 0 ."•> (i For every map or plan deposited ... 0 5 0 Far every instrument declaratory of and for every will orotic • instrument deposited 0 10 0 For registering recovery by proceeding in law or e»p.iity, or re-entry by ) ssec * ... ..'. 010 0 For registering vesting of lease in mortgage, consequent on refusal of trustee in bankruptcy to accept _ the same ' 0 \\) 0 For entering notice of marriage or flp nh ~ ... 0 ]'> 0