Page 4 Advertisements Column 5

Grey River Argus, Volume XVI, Issue 2025, 3 February 1875, Page 4

Government Notice. !TA N D 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 "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 ths 28th December, 1841, none of the land included 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 1 10 0 These charges are increased by 4s 2d (Assurance Fund) for every additional £100 in value. 2. When the Applicant is the original Grantee, and 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 3 12 6 Where the value of the land is £400 4 15 Where the value of land is above £400, the fees increase at the rate of 4s 2c (Assurance for every additional £100 in value. These charges also represent the cost o: i Conveying Land, Inasmuch as applicants to bring land undei the Act can direct the Certificates of Titli . to issue in the names of any other persons, i Credit for Fees is Given, \ When desired by the Applicant, in all case k where the proprietor applies to have thi i land registered under the Act in his owi name, and the fees may remain unpaid unti l land is dealt with. 5 Any person, therefore, who wishes to > bring his land under the provisions of th > Act in order that whenever he deals wit! I if he may be in a position to avail himself c l the facilities afforded by having a Registered . Title, can do so Without Any Present CW L by allowing the fees to remain unpaid unti i such dealing takes place. He will then b > in a position to Mortgage, Transfer, Lease i or otherwise deal with his land at a moment' . notice. Any Title, however long and complex > may be investigated at a cost to the Appli i cant of only Five Shillings ; for if the Titl l is rejected all fees are returned, with th ' exception of that amount. • CERTIFICATES OF TITLE ARI I ABSOLUTELY INDEFEASIBLE, i Under the old system of Conveyancing > if a single deed is lost, the title is in man; i cases rendered absolutely defective, an! ■ therefore unmarketable, while in others i , can only be rectified at great cost. Person who bring their land under the Act, sui i render all their deeds, and receive in ex > change a Certificate of Title, a duplicate c L which is retained in the office. If the Cci ' tificate in the possession of the registerei ; proprietor is at any time lost or destroyei . by fire, &c, a new Certificate is supplied b; > the Registrar at a small cost. „ 1 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 land 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 tated), of Thirty-one Shillings, which is th< highest sum allowed by the Act. no matte: what the value or area of the land. . Under the Regulations in force on anc after the Ist January, 1872, the charge fo: Certificates of! Title issued upon Memorand; of Transfer is Reduced to Ten Shillings ii all cases where the value of the land is undo Ten Pounds. The total cost of executing a Mortgagt or Lease of land, registered under the Act s I'welye Shillings, no matter what th< amount involved. * A Mortgage may be transferred or dis charged, or . lease transferred or surrenderee for Five Shillings. ' < THESE OPERATIONS INVOLVE NC DELAYS. • The following are some of the advantage! nferred 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 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 on loans secured on lands. S. It gives facilities for the Bale 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, encumbered, or leased. Memoranda disclosing the particulars of any such transactions affecting the estate are written upon the Certificate 1 of Title. . ■■ . Lands purchased from the Crown since the coming into operation of "The Land; Transfer Act " cannot be dealt with under the old systeia; . ■; „„-, : . .; ■- . { , : ■ JOSH DA STRANGE WILLIAMS,

£0 11 2

3 3 4

3 12 6