Page 4 Advertisements Column 1

Grey River Argus, Volume XIII, Issue 1585, 3 September 1873, Page 4

Goveriuuent IVotice. TAND TRANSFER ACT. LANDS ALIENATED W ; contracted ;|to be alienated from the Crown in fee prior to the coming into, operatipn of ! ?* The. Land Transfer Act, 1870," maybe 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... ; ... f ,' ; „ ; ■:■• '■ . . . .■;;■■■■.. ' •. ' ! The following are examples of, the fee,; payable for bringing the land under the provisions of the Land Transfer Act : — 1, When the Title consists of a Grant, dated- on "W "subsequent to the 28th .December,' ;.' 1841 \ hone of the' land included in .which : has been dealt: With — Where the Certificate - tif title is ': directed to issue fin the name of ' • '•• ; . the Applicant :,,Value of land ,• ; £100. ... , ..../'... ... £0 11 2 Where the Certificate of title is 1 ' directed to issue in the name of '■"■ the Purchaser :- Value of land . £100 ,; v ; ;,.,;..,,; ..v 110 0 "These charges are increased by 4s^ 2d . (Assurance IFund) for every additional ; £100 in value.; , li# .... ;, ; . ; ; , ,: „,,, 2. When the . Applicant ,is ; the original Grantee, and the laiid has been dealt with ; or : Where the Applicant is not the uriginal Grantee — , Where the value of* the. land is ' £100 ... ... V. ••••■'" -• £2 14 2 Where the value of the land is ' £200 ... .:. ' V.i- '■ '■•I::;' 3 3 4 Where the value of the land is £300 ..; i.: -: - •... 312 6 Where the valuer of the land is ..£4OO -„.:.. .... „,-.-, :.,.. 418 Where the value,. of land, is above. £400, ' the fees increase at' the rate of 45. 2 d (Assuranno for every additional £100 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 may remain unpaid until ; laud 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 if he 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 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 thai' amount. CERTIFICATES OF TITLE ARE 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 rectified at great cost. Persons who bring their land under the Act, surrender all their deeds, and receive in exchange a CextiScate 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. anew Certificate is supplied by the Registrar at a small cost. ■ ALL TITLES ARE i&UARANTEED BY THE GOVERNMENT. '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 less than Fifteen 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 jCost of Eleven Shillings where a whole section is conveyed ; and where only part is conveyed (and therefore a fresh Certificate . of .Title is necessitated), of Thirty-one Shillings, which is the highest sura allowed by the Act, no matter what the value or area of the land. Under ihe Begnlaiipnn 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, s Twelve Shillings, no, matter . what the amount involved. ; , . A Mortgage may. be transferred or dis- ' charged, or lease transferred or surrendered for Five Shillings. ;■ THESE: .OPERATIONS INVOLVE HO / 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 Tenders retrospective investigations .?■ iof title unnecessary as to all lands . registered. ' •... 3. It simplifies the Titles to Real Property for the future. 4. Itmakes purchasers of the fee and leases perfectly seenre. 5. It simplifies,; ito; 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 lands. ■■■■ ' 8. It gives facilities for. the sale of large ' estates in allotments. 9, '' Transactions can be effected at a . f moment's notice, and at a minimum of cost. ' ' .., ID. Jfosa&a in the purchase and sale of land 1 • are effectually -prevented, because the Certificate of Title in the possession of the Vendor- shows the exact condition of the estate, i*., if the estate ■ be mortgaged; encumbered, or leased. , i . -Memorandadisclosingthepartienlars ' of any such transactions affecting the estate are written upon the Certificate of Title:/ f „;'■ ;■ ' .;.'.. Lands purchased -from the Crown since the coming into operation of "The Land Transfer Act " cannot be dealt with under the old system. ' ■ '' ' " JOSHQA STRANGE ,W?LLIAMS,I Regiatiar-General of Land.-