Page 4 Advertisements Column 2

Grey River Argus, Volume XIII, Issue 1611, 3 October 1873, Page 4

| Government Notice. T AND TRANSFER ACT LANDS ALIENATED 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, entitledthereto. All Lanas^lieniited from the Crown after the r 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 fee, payable for bringing the 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 land >■' included 5 -in which has been dealt with—' Where the Certificate, of title is directed to issue in the name of the Applicant : Value of land £100 £0 11 2 Where the Certificate of title is directed to issue in the name of ■; the Purchaser : Value of land £100 v ... • ;.. .... ... 110 0 These charges are increased by 4s 2d (Assurance Fund) for every additional £100 in value. 2. When, , the Applicant . is the original; Grantee, 'arid the land has- been dealt with ; or where the Applicant is not the original Grantee — Where the value of the land is £100 .... ... ... ... £2 14 2 Where -the' value of the land is £200 , 3 3 4 Where the value of the land is £300 ... 312 6 Where the" value, of the, land is £400. • : v:;i J - iP- ... '-..■;.•• 41 8 Where the value of land is above £400, the fees increase at the rate of 4s 2d 1 (Assurance "^und) 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 sthe5 the Act in his own name, and the fees may remain unpaid until „' land is dealt with. Any person, therefore, who wishes to bring his land under the provisions.^ the Act in order that whenever he deals with if hie may be in aposition 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 that 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 r/mdered, absolutely defective, and therefore unmarketable, while in others it can only be iWtified at great' cost. Persons who v 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 CertiHcate 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 GUARANTEED BY THE GOVERNMENT.. On all 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 yery 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 wheVejanly part is conveyed (and ; therefore a; fresh Certificate of Title is necessitated), of Thirty-one Shillings, which is the. highest sum allowed by the Act, no matter what the valne r or area of the land, " k Under'the' Regulations' in force on and after the Ist January. 1872, the charge for Certificates of Title, issued upon Membranda of Transfer is Reduced to Ten Shillings in all cases where the value of the land is under Ten-Pounds, , ; ''""Tne; total cost of executing a Mortgage or Lease of land, registered under the Act, s Twelve r 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 no delays; | The following are some ; of the advantages conferred by the Land Transfer system :— 1. It secures .the [principal benefits and advantages soughtto be attained.ina , 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. • „ 1 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 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. '::•'. -i:.n; ) ':; ■„'.■;• ". ''' . 10. Frauds in the purchase and sale of land j are effectually prevented, because the Certificate of Title in the possession of the' ; Vendor shqws, the exact ;cpndition of the estate, tie.', if the estate ; ; , : bem6rtgagedVehcumbered,^rleaßed/ Memoranda disclosing .the particulars ■ of any such transactions affecting- the estate are written upon the Certificate of Title., : . Lands purchased from the Crown since the coming into operation of "The Land Transfer^ Act" cannot be dealt with under, vhe oki Byßtem. jqSHDA STRANGE WILLIAMS, Registtar«General of Land