Page 3 Advertisements Column 1

Mount Ida Chronicle, Volume III, Issue 160, 29 March 1872, Page 3

_ d LAND"TRANSF^R..ACT." .•>- -''l ' ANDS ALTENATMS^iscpntra^ ted to be alienated from the Crown in L prior to the coming into operation of "-The Land Transfer Act, 187u," may be brought the* provisions of the Act by amplication from the-persbns entitled/thereto. i All lands alienated from the Crown after the coming into operation .of; *:' The Transfer. Act, 1870," are subjectto>and must.. be dealt. with in i.manner by the Act. .' . ... . r i. f The following are examples: of'the fees payable for bringing; land, uiivter the provisions of the LandTransferAct^—-'■!.;:'; .. ; -vi^^ 1. When the title coifsists-of a-Grant, dated on or -sxlbseciTieht-'to • the 28th Becem■J .... ber, 1841, none oi-fche land 'included in i . which has Been dealt ;ivith Where the Certificate:of-title:is di-f ',.■'' '. rected the aiameiof , the applicant:.iValue of land; • ■! - ,;.; Mo lIP 2 Where the Certificate of Title isdfe :.' 1 .rected to. issue in the name, of -"•:. -"" r : ! the Purchasei : Value, of Jiand iy;;b - £ioo ... ... ■".;;';';:•" \ n ■?,. These charges are increased.by4s. 2d.<( Assurance Fund) for every: aiiditional £iod in l : value. .... ,. ; : / 2. When the Applicant is the original Grantee, 01 C j and the land has Been dealt withjf or = where the Applicant-is! hot the original f , "Grantee—" .'"!._; '•'■-.. :.' : Where the value of the,land i§ £IOO £2 14 2 : Where the value of thelahdis £ioo 3 3- 4r Where the value of the land is Where the value of the laiid is £4OO 4 1 8Where the value of land is above £4OO the fees increase at the rate of 4s: 2d. (Assurance Fund) for everyadditional£loo;in valued 'J itese charges also'represent t/ie Cost o/U;;- ~ Conveying Laiid, ' ••j, inasmuch to .'bring land [under the'Actrc"ah"direet CeriMcatesof • Title to .issue in the names of any other persons. .".'.'". Credit for Fees is given, r?-a when desired by the applicant, in all cases where the proprietor applies to haye-Sthe land registered uhaer the Act in his own name,, and the fees may remain unpaid until the land is dealt with. - : Any person; therefore, who Wishes to bring his land under the provisions of the Act, iii order that whenever he deals with it he may be in a position to avail himself of the facilities afforded; by haying a Registered Title, can Up so' 'wltko'Xt diiii present cost, by allowing the fees, to remain ; unpaid,until such dealing place. He will then be in a posttioli to ;-; Mortgage, Transfer, Lease, or otherwise deal /wlmjii's lancl ] ab (imqiiieht s notice.' jcahtr 'of. if title is 'all exeentirm hf f.Tiaf. i).mnnn¥. '•-'■-■:*'• - ■' V"- ; Certificates' of Title are ........ ... Indefeasible. '.' i ; , ""' '-**"■■" Under the (Md System : l ' ' of Conveyancing, if a single deed is lost,, the title'is in many teases' rendered'absbluteiy'de- • festive^ 'andtherefore unmarketable/ : while in only-be" cost. Persons who bring their land under the Act surrender all their, deeds and receive in-ex--I change; a Certificate of Title,? a (duplicate of which" is retained'in'the office. v If"the Certi-. of the registered pro- I . fire, ,&c., a by *tn£ Registrar at a small cost; ' :: ' : ~ '~5~"" Mf Titles■ izre r Gudrd.ktesd hi/the 'Governmehi. '■'■:•>:■ .. ■■'.';.o* <*s Conveyances'-byiJ)eed !••■' -- j " ; , under the old system, .the costof "in the. Deeds Registry, over and 'istove the solicitor's .charge, is never, less than fif» ' i : EEN "shillings, frequently very mtich more ; while lan I which has- been brought: under the provisions of the Land Transfer; Act can be, transferred at a TJrAL.cosT of eleven shilLiifGfs ? where a wl ole section is conveyed; and where ; only" part is conveyed (and therefore a fresh -Certificate of Title necessitated)'. of j THBRTY-ONE SHILLTNSS, which is the, HIGHEST \ sum-allowed by the Act, no matter what the ! value or area of the land. i; Uhdfer the Regulations in force on and iafterthe 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 is twelxts shillings, no matter what the amount involved. 1 ; ;r: ;; A Mortgage may 'hs ' ■'tiHnsferred or discharged, or a Lease or siirreh-? dered, for Five Shiiiings. - . T/tese. Operations involve »o, J.'eZa /.v. i The following are some of th-3 advantages conferred by the Land Transfer s\ r stem:— 1. It secures the principal benefits and advantages sought to be obtained in a system of registration of deeds. ii. it renders retrospective investigations of tit-la unnecessary as to all lauds registered. ii. It sun uiilies th-3 Titles to Real Property for tile future. 4. It make 3 Purchasers of the Fee and iLeases perfectly secure. 5. It simj)liiies to..ilia utmost possible exteiit the forms of tiMUjf=r and :iie modes of conveyance. 6; It increases the saleable value of land: 7. It ten Is to lower the rate of interest oa l oans secured on lands.