Page 3 Advertisements Column 2

Evening Star, Issue 2815, 26 February 1872, Page 3

Advertisements received too late for Classification. •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 land is £3OO 3 12 0 Where the value of the land is £4OO 4 1 8 ■Where the value of the land is above £4OO, the fees increase at the rate of 4s 2d (Assurance Fund) for every additional £IOO in value. These Chaises also represent the Cost of Convening 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 for Fees is given when desired by the applicant, in all cases where the proprietor applies to have the land registered 'under the Act in his own name, and the foes (except the Application Fee) may 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 hem*yhe in a position to avail himsdf of the facilities afforded by having a Legist- red Title, can do so without any present cost, except the application fee) by allowing the fees to remain unpaid until such dealing takes place. He will then he in a position to Mortgage, '1 ransfer Lease, or otherwise deal with his Ihhil at a moment, s notice. Any Till 3, however long and complex, may bo investigated at a cost to the applicant of only Five Shillings : for if the Title is rejected, all fees are returned, with the exception of that amount. Cektificat.es of Title auk Absolutely Indefeasible. Under the Old An stem of Conveyancing, if a single deed is lo.t, the 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 laud under the Act, surrender all their deeds, and receive in exchange a Certificate of Title, a duplicate of which is retained in the office. If the ceitificate in the possession of the registered pioprietor is at any time lost, or destroyed by fire, &c., a new Certificate is supplied by the Registrar at a small cost. All Titles are Guaranteed by the Government On all Conveyances by Deed under the old system, the average cost of Hegi-tralion in the Dee’s Registry, over and above the Solicitor’s charge, Twenty Shillings, frequently very much more; while land which has been brought under the provisions of the Land Transfer Act can be transferred at a Total Cost of Eleven Shillings-vdiere a whole section is conveyed, and where only part is conveyed (and therefore a Fresh Certificate of Ti lo ue essitated), 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 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 he attained iu a system of registration of deeds. 2. It renders retrospective investigations of title unnecessary as to all lands registei ed. 3 It simplifies the Titles to real Property for the future. 4. It makes purchasers of the fee and leases pc-rft ctly 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 laud. 7. It tends to lower the rate of interest on loans secured on lands. 8. It gives facilities for the sale o' large estates in allotments. 9. Transactions can he effected at an oincut’s notice, and at a minimum of cost. 10. Frauds in the purchase and sale of laud 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 he mortgaged, encumbered or leased. Memoranda dise.’of ing the particulars of any such transactions affecting the cs'ate are written upon the Certificate of Title. FEES CHARGEAP.LF UNDER LAND TRANSFER ACT. (Extract from New Zealand Ga-cite, No. 04 of 9th December, 1871.) For bringing Land under the Provisions of the Act—- £ s. d

When the title consists of a grant da'edon or subsequent to the 2Sth December 1841 and none of the land included therein lias been dealt with ... ... 0 2 When the title is of any other description. and the value exceeds £3OO ’. 1 0 When the title is of any other description, and the value exceeds £2OO and does not exceed £3OO 0 15 When the title is of any other description, and the value exceeds £IOO and does not exceed £2OO 0 10 When the title is of any other description, and the value does not exceed £IOO ... ... 0 5 Contribution to Assurance Fund upon first bringing land under this Act, and upon the registration of an estate of freehold in possession derived by settlement, will, or intestacy— In the pound sterling ... 0 0 Other fees— For every application to bring land under the Act 0 5 For certificate of title'where the same is issued in the name of any applicant grantee, the land not being dealt with Nil. For certificate of Title issueel upon any memorandum of tiansfer where the consideration is under LIU and is not nominal ... 0 10