Page 4 Advertisements Column 3

Grey River Argus, Volume XIII, Issue 1613, 6 October 1873, Page 4

! Goreninient IVotice. 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 entitled thereto.. All Lands alienated from the^Crown after the coming into operation of I *' The' Land Transfer Act, 1870," are subject to, and niust 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 in which has' been dealt with — Where the Certificate of title 'M ;[ /* .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 , , y £100 ' ■ 5 .:/' i - '• '/.. ' ' ::. !i ;.: > 110 0 These" charges! are 1 increased--, by 4s 2d (Assurance Fund) for every additional £100 in value.. , „'.,-' ..'. f ,--• r 2. When the! Applicant is the !original ! Grantee, and the land has been dealt •iwith; or where the Applicant is not the original Grantee — Where the value of the land is •>Miw--..r'tf. ::::.,yry- ydtf&ii^ \Where f the- value of the land is "■■ ... 8 3 4 Where the value of the land is r^£3op r ., ...,. rr( ... . r , % .. 312 6 Where the value of the land is £400 ... 4 1 8 Where the value of land is above £400, the fees increase at the rate of 4s 2d (Assurance for every additional ■; .£iqO;,in-,ya1ue. ,.,,,; pi .. ::;:i .. ■;...; „;,. . /■ 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 land is dealt with. Any person, therefore, who wishes to bring his land under f '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. ■ j : : ; . ■ )>; y ry y y ■ ■■. ; yAny Title, however long and complex, may be investigated at a cost to the Applicant of only Five Shillings ; for if the Title is r^ected; all^feea i?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. 1 title- ia in many cases, rendered absolutely defective, '• and therefore unmarketable, while in others' it can only ; be rectified at great cost. Persons who 'brin^. 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 BY THE GOVERNMENT. On all Conveyances by Deed underline, old system, the cost of Registration in the Deeds Registry, over and above the Soli- . citor'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 Cost ; of/ Eleven Shillings where a whole section is conveyed ; and where only part is-'conveyed (and there- . fore a fresh Certificate of Title is necessitated), of Thirty-one Shillings, which is the highest sura allowed by the Act, ho matter what the value or are&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, ; 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. ' ' 1 ■■■ THESE OPERATIONS INVOLVE NO ' ' . imj&YsJ ; ' '■'■'•' ■ ; , The following are some of the advantages conferred by the Laiid! Transfer system :— I . 1. It secures the principal benefits and : advantages sought to be attained in a system of registration of deeds. 2. It renders retrospective inveatigations ; : V of title 1 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 simplifies, to the utmost possible . extent, the forms of transfer and the ; ; : '•' modes of conveyance. ; I 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. . , . 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 i be mortgaged, encumbered, or leased. , , Memoranda disclosing the particulariß ' of any such transactions affecting the : estate are written upon the Certificate ofTitle.: :' -:\ "\ " "' : " ; ' Lands purchaseoi from the Crowji since the coming into 'operation of " The 1 Land Transfer Act " cannot be dealt with under the old system. : JbSHUA. STRANGE I WILLIAMS; > Registiar-General of Land