Page 4 Advertisements Column 5

Evening Star, Issue 2868, 29 April 1872, Page 4

Government Notices. 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 Llecember, 1841, none of the land included in which has been dealt with— Where tne Certificate of Title is d'rected 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 1 11 2 These charges are increased by 4s 2d {Assurance Fund) for every additional £ICO 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 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 6 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 21 (Assurance Fund) for every additional £IOO in value. These Charges also represent the Cost of Conveying Land, inasmuch as applicants to bring laud under the Act can direct the Certificates of Title to issue in the names of any Oihcr persons. Credit for Fees is given when desired by the applicant, in all cases where the prop lienor applies to have the land registered under the Act in his own name, and the fees (except the Application I' ee) may remain unpaid until the land is dealt with. Any person, therefore, who wishes to bring bis land under the provisions of the Act, jin order that whenever he deals with it [he may be in a pos ; tion to avail hj mself of the facilities afforded by having a Reg’sEred Title, can do so without any present cost, except the application fee) by allowing the fees to remain unpaid uutil such dealing takes place. He will then be in a position to Mortgage, Transfer Lease, or otherwise deal with Ms land at a moment's notice. Any Title, however long and complex, may be investigated at a cost to the applicant ot only Five MM/Sings ; for if the Title is rejected, ad fees are returned, with the except’on of bat amount. Certificates of Title are Absolutely Indefeasible, Under the Old tiyslem of Conveyancing, if a single deed is Jo t, the title is, in many cases, rendered absolutely defective, and therefore vmmarketab 1 e, while iu Oihers it can on'y be rectified at great cost. Persons who bring tbeir land under the Act, surrender all their deeds, and receive in exchange a Certificate of Title, a duplicate of winch is retained in the office. If the certificate ?u the possession of the registered proprietor is at any time lost, or destroyed by fire, &c., a new Certific. te 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 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 TranSei 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 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 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 iu a system of registration of deeds, 2. It renders retrospective investigations of title unnecessary as to all lands 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 simp l ifies to the utmost possible extent the forms of transfer and the modes of conveyance. 6. 11 increases the saleable value of laud. 7. It tends to lower the rate of interest on loans secured on lards. 8. It gives faciliu’es for the sale of large estates in allotments. 9. Tran suctions can be effected at a moment’s notice, and at a minimum of cost. 10. Frauds in tbe purchase and sa’e of laud 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 Neiv Zealand Gazette, No. 64 of 9th December, 1871.) For bringing Laud under the Provisions of tbe Act— When the title consists of a grant dated on or subsequent to the 28th December 1841 and none of