Page 4 Advertisements Column 4

Grey River Argus, Volume XIV, Issue 1706, 22 January 1874, Page 4

(jiovermneut Notice. 1 "AND TRANSFER ACT LANDS ALIENATED or contracted to 3 alienated from the Crown in fee prior to le coming into operation of "The Land ransfer Act, 1870," may be brought under le provisions of the Act by application from - le persons entitled thereto. t All Lands alienated from the Crowtt after j le coming into operation of "The Land ransfer Act, 1870," are subject to, and * mst be dealt with, in manner prescribed by , le Act. i The following are examples of the fee, ( ayableior bringing the land under the pro- ] isions of the Land Transfer Act : — < , 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 — ! Vhere the Certificate of title is : directed to issue in the name of the Applicant : Value of land £100 £0 11 2 Vhere the Certificate of title is directed to issue in the name of the Purchaser : Value of land £100 ... 1 10 0 Dhese charges are increased by 4s 2d (Assurance Fund) for every additional £100 in value. I. When the Applicant is the original Grantee, and the land has been dealt with ; or where the Applicant is not the original Grantee — kVhere the value of the land is £100 ... £2 14 2 Where the value of the land is £200 ... 3 3 4 iiVhere the value of the land is £300 ... ... 3 12 6 Where the value of the land is £400/ ... „." ... ... 4 18 Where the value of land is above £400, the fees increase at the rate of 4s 2d (Assurance 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 land is dealt with. Any person, therefore, who wishes to bring hjs land under the provisions of the Act* in order that whenever he deals with if he may be in a position to ayail hjmself of the facilities afforded by having a Registered Title, can do so: Without Any Present Cost, by alkwing 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 'Fjyp Shillings ; for if the Title is rejected all fees aie returned)' wfth £he 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 rendered absolutely defective, and. tnerefoye unmarketable, while in others it can only be rectified ai great (j.qst. Persons who bring their land under'tne 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 propriflfpr js at any time lost or destroyed by fire, &c., a new Certificate js supplied by '. the Registrar at a small co,sfc. . ALL , TITLES ARE GUARANTEED W 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 b(3 transferred at a Total Cost of Eleven Shillings wliflrs a whole section is conveyed ; and where only par 6 is f (tony^yed {and j;i>erefore a fresh Certificate of Title is "necessitated), of Thirty-ono Shillings, which is the highest sura alldwed by the Act, no matter what the value or area of the land. Under the Regulations in force on and after the j§p jjanuary. 1872, the charge for Certificates of Tijtle' issued uppn Memoranda of Transfer is Reduced'' to ' Ten Shillings jii all cases where the value 'of the land id under Ten Pounds. ' " " ' ''' ' ••'••••• total cost of executing a Mortgage oi Lease p.f land^ registered wnde'r the Act, s Twelve Shillings, np ina^pr Ij|e 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 tjielLarid Tjttnjjfer system z— J. It secures, the. principal benefits and advantages soughi; to )je attained in a. system of registration of deeds, 2. It renders retrospective investigation of title unnecessary as to all land 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, $b the utmost possible extent, the forms of transfer arid the modes or conveyance, G. It increase's tlie : saleable value qf land. 7. It bends' to lower tKe rat 6of intei'eot 'brt loans secured qn lands. ' " ' " " : '- --8. Jt gives facilities for the sale of large estates in allotments. ' ' 9. Transactions can be effepted 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, Le., 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, -Lands purchased from the Crown since ihe coming into operation 'of " The Land Uransfer Aiet " "cannot be 1 dealt with under ;he old Byetflm. JOSHUA STRANGE WILLIAMS,