Page 4 Advertisements Column 3

Grey River Argus, Volume XIV, Issue 1765, 1 April 1874, Page 4

CoYeniment 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 undei the provisions of the Act by application from the persons entitled thereto. All Lands alienated from the Crown aftei the coming into operation of "The Land Transfer Act, 1870," are subject to, and must be dealt with, in manner prescribed bj the Act. The following are examples of the fee, payable for bringing the land under the.pro' visions of the Land Transfer Act : — 1. When ,the ; -Title, .consists of. a Grant, dated on or subsequent to the 28tr December, 1841J none' of the lane included in which has been deall with— Where . the Certificate of title , is directed to issue in the name of the Applicant .-. Value of land £100 *... ... ... ... £0 11 S Where, the Certificate of title is , directed jto issue in the -name of :. the Purchaser : Value of land < £100 ... .... „. : ...1 10 I These charges are . increased by . 4s 2( (Assurance Fund) for every additiona £100 in value. 2. When the Applicant is the origina Grantee, and the land has been deal with; or where the Applicant is no the original Grantee— Where the value of the land is £100 ... ... ... ... £2 14 ! Where: the value of the land is £200 ... ... 33. Where the value of the land is £300 „. ... 312 1 Where the value. of the land is £400 ... ... ... ... 4 1 j Where the value of land is above £400 the fees increase at > the rate of 4s 2< (Assurance . for every additiona £100 in value. These charges also represent the cost c Conveying Land, Inasmuch as applicants to bring land unde the Act can direct the Certificates of Titl to issue in the names of any other persons. Credit for Fees is Given, When desired by the Applicant, in all case where th.o..proprietor. applies to have th land registered under. the Act in his ow name, and the fees may* remain unpaid unti land is dealt with. Any., person, therefore, who wishes t bring his land under the provisions of th Act in order that whenever be deals wit if he may be in a position to avail himself c the facilities afforded by having a Registere Title, can do so Without Any Present Cosl by allowing the fees to remain unpaid tint such dealing; takes place. He will then b in a position to Mortgage, Transfer, Lease or otherwise deal with nis land at a moment' notice. - Any Title, however long and complex may be investigated at a cost to the Appl: cant of only Five Shillings ; for if the Titl is rejected all fees are returned, with th exception of that amount. CERTIFICATES OF TITLE All: ABSOLUTELY INDEFEASIBLE?. Under the old system of Conveyancing if a single deed is lost, the title is in man cases rendered absolutely • defective, an therefore unmarketable, : while in others i can only be Rectified at great cost. Porsor who bring their land under the Act, sui render all their deeds, and receive in ci change a Certificate of Title, a duplicate c which is retained in the office. If the Cci tiHcate in the possession, of the registere proprietor is at any time lost or destroye by fire, &c. a new Certificate is supplied b the Registrar at a small cost. ALL ' TITLES ARE GUARANTEE! BY THE GOVERNMENT. On all Conveyances by Deed under th old system, the cost of Registration in th Deeds Registry, over and above the Soli citor's charge, is never less . than Fifteei Shillings, frequently very. much more ; whil lard which has been brought under th provisions of " The Land Transfer Act" cai be transferred at a Total Cost of Elevei Shillings where a whole section is conveyed and where only part is conveyed (and there fore a fresh Certificate of Title is necessi taled), of Thirty-one Shillings, which is th( highest sura allowed by the Act, no mattei what the value or area of the land. Under the Regulations in force on anc after the Ist January, 1872, the charge foi Certificates of Title issued upon Memorand: of Transfer is Reduced tp Ten Shillings it all cases where the value of the land is undei Ten Pounds. The total cost of executing a Mortgage or Lease of land ( registered under the Act, s l'welve Shillings, no matter what tht 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 onferred by the Land Transfer system : — 1. It secures the principal benefits and advantages sought to be attaipedina 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, 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 oil loans secured on lands. S. 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 be mortgaged, enoumbered, 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 Cransfer Act" cannot be dealt with under ;he old system. JOSHOA STRANGP WILLIAMS.