Page 2 Advertisements Column 1

Dunstan Times, Issue 516, 8 March 1872, Page 2

’LAND TRANSFER ACT. "I ANDS ALIENATED or contracted to I i lie alienated from the Crown in foe thevauiiiig into operation of “ The 1-and Transfer Act, 1870,” may be brought uiiderbihe provisions of the Act by application from the persons entitled thereto All lands alienated from the Crown after the ctyining into operation of “The Land Transfer Act, 1870,” are subject to, ami dnust be dealt with in manner prescribe Iby the Act. —o— The following.are examples of the fees )payable , forWmging' , lnfti'l under the provisions of the Land Transfer Act : 1. When the title consists of a Craut, dated on or subsequent to the -28t4i December, 1841, none of the land included in which has been dealt with— Where theCertillcate ofiTitle is directed to issue in the name of the Applicant : Value of Land £IOO .. ~ £0 11 2 Where the Certificate of Title is directed to issue in the' name of the Purchaser : Value of land £IOO ... "... 1112 These charges arc"'increased by 4s. 2d. (Assurance Fund) for every additional £IOO in value. 2. When the applicant is the original and the land has been dealt -•'with ; or where the Applicant is not the original Grantee : Where the value of the land is £IOO ... ... 2 14 2 Where the value of the land is £2OO 3 3 4 Where the value of the laud is £3OO ... ... 3 12 6 Where the value of the land is £4OO ... ... 4 1 8 Where the value of land is above £4OO the fees increase at the rate of 4s. 2d. (Assurance Fund) for every additional £IOO m ' value. "These charges also represent the Cost of convening Land. ■ inasmuch as applicants to bring land under the Act can direct the Certificates of Title to issue iu the names of any other persons. Credit furfees is given when desired by the applicant,* in all cases where the proprietor applies to have the land reglsteredjunder |the Act in Ids own -name, and the fees may remain unpaid uuiil the land is dealt with. Any person, therefore, who wishes to bring bis land under the provisions of the Act, in order that whenever be deals with it ho may be in a position to avail himself -of the facilities afforded by having a Registered Title, can do so without any present cost, by allowing the fees to remain unpaid until such dealing takes place. He will then ha in a position to Mortgage, Transfer, Lease, ■or otherwise deal with his land at a moment's notice. Any title., hewerer long and complex, may be investigated at a cost to the applicant of only fee shillings ; for if the title is rejected, all fees are returned, with the ex- ■ copt'on of that amount. CEimncAT.Es of Title atve Absolutely Indefeasible. Under the Old System of Conveyancing, if a single deed is lost, the title is in many cases rendered absolutely defective, and therefore unmarketable, while in others it can only be rceti- . -lied at great cost.' Persons who bring their ’land under the Act suircudcrall theirdoeds and receive in exchange a Certificate of Title.La duplicate of which is retained in the office. If the Certificate in the possession of the registered proprietor is at any Time lost, or destroyed by lire, &c., a new : Certificate's supplied by the Registrar at u small cost. All Titles arc Guaranteed by the Government. On all Cunreyances by Demi under the old system, the cost of Registia- i lion in the Deeds Registry, over and ABOVE THE SOLICITOR’S CHARGE, is never dess than fifteen shillings, frequently very much more; while land which has I«ecn brought under the provisions of the Land Transfer Act can bo 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 January, 1872, the charge for Certificates of Title issued upon. Memoranda of Transfer is reduced to ten shillings in all cases where the value of the land IS UNDER TEN POUNDS. 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 may he transferred or dis- * charged or a Lease transferred or surronder- . Ed, for Five Shillings 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 beobtained in a system rof registration of deeds. It renders retrospective investigations of title unnecessary as to all lands registered. 3. It simplificsthcTitlcstoreal Property for jibe future. ■4. It makes purchasers of the fee and leases perfectly secure. 5. It simplifies to the utmost possible extent the forms of transfer and .the modes of conveyance. 0. It increases the saleable value of laud. 7. It tends to lower the rate of interest on loans secured on lands. 'B. 'lt gives facilities for the sale of large estates in allotments. 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 iu the possession of the Vendor shows the exact condition of the -estate, i. e., if the estate bo mortgaged, ' (encumbered, or leased. Memoranda disclosing the particulars of any such transactions affecting the estate arc written upon the Certificate of Title. FEES CHARGEABLE UNDER LAND TRANSFER ACT. (Extract from New Zealand “Gazette,” No. £4, of 9th December, 1871.) For bringing Land under the Provisions of the Act— When the title consists of a grant dated on or subsequent to tbo 2Sth of December, 1841, and none of the land therein has been dealt with ... £0 2 0 'When the title is of any other dceriptiou, and the value exceeds £3OO ... ... ... 1.0 0 •When the title is of any other description, and the value exceeds £2OO and docs not exceed £3OO -0 15 0 When the title is of any other de- . soription, and the value exceeds £IOO and docs not exceed £2OO 0 10 0 (When the title is of any other dc-