Page 4 Advertisements Column 4

Dunstan Times, Issue 520, 5 April 1872, Page 4

LAND TRANSFER ACT. lANDS ALIENATED or contracted to j be ah mated from the Crown in fee prior lu thocomiog into operation of “ Tlie < Land Transfer Act, 1870, may lie brought ■ under the provisions of the Act by application from the personp entitled thereto All lands alienated from the Crown after the coming into operation of “The Land Transfer Act, 1870,” are subject to, and must be dealt with in manner prescribed by the Act. - —o— The following are examples of tho fees payable for bringing laud under the provisions of the Land Transfer Act 1. When the title consists of a Grant, dated on or subsequent to the 28th December, 1841, none of the laud included in which has been dealt with — Where thoCertificate of Title 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 laud £IOO 1112 These charges are increased by 4s. 2d. (Assurance Fund) for everyadditional £IOO iu value. 2. When the applicant is the original Grantee, and the land has been dealt with ; or whore the Applicant is not the original Grantee: Where the value of the laud is £IOO 2 14 2 Where the value of the laud is £2OO. ... ... 3 3 4 Where the value of the laud is £3OO 3 12 C 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 conveying Land. inasmuch as applicants to bring land under the Act can direct the Certificates of Title to issue in the names of any other persons. Credit forfees is givin when desired by the applicant, iu all eases whore the proprietor applies to have the land registered under the Act in his own name, and the fees may r remain unpaid until the land is dealt with. Any person, therefore, who wishes to bring his land under the provisions of the Act, in order that whenever he deals with it ho may bo in a position to avail himself of the facilities afforded by having a Registered Title, can do so icithoutany present cost, by allowing tho foes to remain unpaid until such dealing takes place. Ho will then be in a position to Mortgage, Transfer, Lease, or otherwise deal with his land at a moment's notice. Any title, however long and complex, may’ be investigated at a cost to the appli- , cant of only five, shillings ;for if .the title is rejected, all fees ave returned, with the except'on of that amount. Certificates of Title are Absolutely Indefeasible. Under the Old System of Conveyancing, if a single deed is lost, tho title is in many cases rendered absolutely defective, and therefore unmarketable, while in others it can only be rectified at great cost. Persons who bring their land under tho Act sui render all theirdcods and receive iu exchange a Certificate of Title, a 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 fire, &c., a new Certificate is supplied by the Registrar at 1 a small co d. , All Titles are Guaranteed by the Government. I On all Conveyances by Deed - under the old system, the cost of Registration in the Deeds Registry, over and above the solicitor’s charge, is never 3 less than fifteen shillings, frequently very much more ; while land which has been 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 I 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. 3 Under the regulations inforce onandafter 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 discharged or a Lease transferred or surrendered, 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 of registration of deeds. 2. It rendersretrospectiveinvestigations of title unnecessary as to all lands registered. 3. It simplifiestheTitlestoreal Property for the 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. 6. It increases the saleable value of land. 7. ft tends to lower the rate of interest on loans secured on lands. 8. It 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 in the 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 upon the Certificate of Title. FEES CHARGEABLE UNDER- LAND TRANSFER-ACT.*' (Extract from New Zealand' 11 Gazette,” No. 04, of 9th December, 1871.) For bringing Land under the Provisions of the Act— When the title consists of a grant date ! on or subsequent to the 28th of December, 1841, and none of ithe land therein has been dealt with ... ... £0 2 0 When the title isofany other dccription, and the value exceeds £390 _ ... 10 0 When the title is of any other deseription, and the value exceeds £2OO and does not exceed £3OO 015 0 When the title is of any other description, and the value exceeds £looand dots not exceed £2OO OJO 0 Whentha title is of any other de-