Page 4 Advertisements Column 5

Evening Star, Issue 2862, 22 April 1872, Page 4

Government Notices. V. R. LAND TRANSFER ACT. LANDS ALIEN ATED or contracted to be alienated from the Crown in fee, prior to the coming into operation of “ The Land Transfer Act, 1870,” may be brought under the provisions of the Act by application from the persons 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. The following are examples of the fees payable for bringing land 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 the Certificate 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 io issue in the name of the Purchaser : Value of land £IOO 1 11 2 These charges are increased by 4s 2d (Assurance Fund) for every additional £IOO in value. 2. When the Applicant is the original Grantee, and the land has been dealt with ; or where the Applicant is not the original Grantee : Where the value of the laud 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 6 Where the value of the land is £4OO ... ■ 4 18 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 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 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.fees (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 he nuy be in a position to avail himself of the facilities afforded by having a Registered i itie, can do so ivihjut any present cost, except the application fee) by allowing the fees to remain unpaid until such dealing takes place. He 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 applicant of only Five Shillings ; for if the Title is rejected, all fees are returned, with the exception of that amount. Certificates of Title are Absolutely Indefeasible. Under the Old System of Conveyancing, if a single deed is loit, 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 land 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 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 a small cost. All Titles are Guaranteed hy the Government On all Conveyances hy Deed under the old system, the average cost of Registration in the Deeds 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 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 laud 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 be 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 be attained in a system of registration of deeds. 2. It renders retrospective investigations of title unnecessary as to all lauds registered. 3 It simplifies the Titles to real 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. It tends to lower the rate of interest on loans secured on lauds. 8. It gives facilities for the sale of large estates in allotments. 9. Transactions can be effected at a ir.omeut’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 tlie estate are •written upon tlie Certificate of Title. FEES CHARGEABLE UNDER LAND TRANSFER ACT. (Extract from New Zealand Garxite, No. 64 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 the 28th December 1841 and none of