Page 4 Advertisements Column 2

Grey River Argus, Volume XIII, Issue 1649, 17 November 1873, Page 4

""GoTeiiiuieiit i\otiee. TAND TRANSFER ACT LANDS ALIENATED or contracted .to' be alienated -j from the Crown ini,fee,.pri6E to the coming inbos operation of y'^JThel Land Transfer" Act, 1870," may be brought under the provisions of the Act by application from the persons entitled thereto. All r Landßalieiiiited from the Crown after; the coining ' 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 pn.. ; ;dr>. s^bs^ufeu't^tS%thg|2SFh , pecemberi i v-,J<841»7 rioaef £o%^t£egial>d incluifed"' in' which" has been dealt with — Where the Certificate of title is directed to issue, in jthe name of /!'..'{ tlie Applicant': iaiue of land"' '*" £100 ..;.y;.. ) ..,,,„ ;;..] „,\p. £0 11 2 Where the Certificate of title is ■ : ' ; directed to issu'e ; in -the; name of the Purchaser : Value of land £100 1 10 0 These charges are increased by 4s 2d (Assurance JftmdV foiu every, additional ;/; M Mm* & g. When the Applicant is the original Grantee, and the land has been dealt with ; or where the Applicant is not • . v tne original Grantee — Where the value of the land is £lUO £2 14 2 Where the value of the land is the value of itne^land! is| |# i t,j£m % W. %v^i3 i 2 «fr 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^. ;i ?und) for every additional £100 in value. These charges also represent the cost of Conveying, Land,,. t . x „ Inasmuch' as^appli^an^sitcilbring 'la%a ' the "Act can direct &# Certificates ofTiTble" to issue in the names of any other peraoas. Credit^ for vFees^is: (Givenj 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 the provisions of the Act in order that wheuever he d»als 'vith if he may be in a position to avail himself of the facilitieS|affurHed by -having a Registered Title, can do so Without Any Present Cost, , by all»wing.tbe t !feeß/to: remain unpaid until such dealing : .takes place. He will then be . iii a position $o : Mortgage, Transfer, Lease, or otherwise deal with his land at a moment's notice.,. . s v „,..'..,,,,.,,. . ... i v >/i • Any Title, 'however' longhand > , may, be .inves*igaited(at !avc.qstrto thef Appli-., cant of only Five Shillings ; for if the Title is rejected airfees are returned, with the exception of that amount. CERTIFICATES OF TITLE ARE ABSOLUTELY INDEFEASIBLE. -,-> XTnder the old. system of Conveyancing, if a single deed is ,lost, the title is in many cases rfiridered ; absolutely defective, and therefore unmarketable, while in others it , canonly beiiectifiedat great cpst; Persons who bring their land the Act, surrender alii their deeds;' arid! receive in exchange a. Certificate of Title, a duplicate of which is retained in the office. If the Certiticate 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. I ;On (all jby j.^Dfeed^unde'r' ihe 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 1 be transferred at a Total Cost of Eleven Shillings where a whole section is conveyed ; and where only part ia conveyed (and therefore a fresh Certificate of Title is necessitated), of Thirty -one Shillings, which is the highest. sum. allowed, by, the Ac.fenq s ma£ter/ what the value or area of the land. ■' Under the Regulations in force on and after the: Ist January. 1 872, 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 a. Mortgage/ ; or Lease of land 1 , registered under iih'e Act, ; s; 'l'welye, Shillings/ .noLmatter^wHaii'ihe^ amount inv01ved. , ,,.,.... , . „ . . ■ . „ . v . , , F . • A Mortgage may be transferred or disicliarged, or lease transferred or surrendered for Five Sb-ulings. THESE OPERATIONS INVOLVE NO ._,,. 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 inveotigations of title -unnecessary TasTtbTall^laSids' ; :.. : l.registexea^iy J^^3Ji&,M>V 3. It simplifies the Title's to Real Property ••■"■•■ ' for the future. 4. It makes purchasers of the fee and leases . .perfectly seegfe) Y Jc.l '.l!..&. 5. It "simplifies, to the utmost possible extent, the forms of trarisfer and the modes of conveyance. 6. It increases the saleable value of land. 7. It tends ti> lower the rate of interest ou Joans.a-cured on lands. S. It >/ivfs 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. „.... -^ TTr 3 .10. Frauds in the;purQhaseahd«ale^p.f|laha 3 ,V Ii areeffectuaily^vjerffed^bej^uigg the "" Certificate o*f Tirfe'ih the possession of the Vendor shows the exact condition of the estate, i.e., if the estate be mortg»fi e(^« encumbered, or leased. •■'••■' Memoranda disclosing the particulars . of any such transactions affecting the estate are writ-ten upon the Certificate of Title. v.:r ■:>■ ;r a, c"i~ #.nfls|pul;cKgse^Jrom the Crown since coming" iiito* operation of "The Land Transfer Act" cannot be dealt with under he old system. . • .1. />.. J V > Re^sfcr4r I .Genokof Lm. J * " w