Page 2 Advertisements Column 3

Mount Ida Chronicle, Volume III, Issue 164, 26 April 1872, Page 2

jMisceUangoiis Advertisements. LAND TRANSFER ACT. ~. JINDS .f jLIENATED; or confraq,: -JM be alienated from the Crowiim feel prior to the coining into operstion of "The Land Transfer Act, 1870," max;be brought under the provisions of the Act by apphjcation ■ from thereto. " All lands alienated from the Crown after the coming into operation of "The Land Transfer Act,. 1870," are subject to ami. must be dealt -with in maimer prescribed by) the Act. ■?;;". r" '■r.^--:>'*:^'fe:'V: :

The following, are examples of Ma fees payable for bringing land under the.pro visions of the Land Transfer Act:—• - - ;u i^ r vi\ 1. When the title consists of a Grant/ dated on or,subsequent to the2Bth Decena--7 1 : 1841 y none of the land included'in which has been dealt with— - 1Where the Certificate of ;title is di-: -! -, rected*to* issue in/the of the applicant': Value of land, ■ /;;■'■■ -£IOO- ■■■ -■ :■: Where the Certificate of Title is di- :: ; .'-: rected to issue in the haiheof ■'•■' : .Ws'r<% ■■the"■Pllrchasel^■^;Vaiue■-6f■•lahd• : '■■' :: ''■"'^^■- : 'i: ? ■. £ipo ... ......;...vi ai s ,2 These charges are iricreased'by~4s:' 2d. ; (Assurance Eund):for?every : additional in value, )'?. : h-:i^i-:'- r -r ::^

2. When the Applicant is the original Grantee, J,. ';•' where the Applicant is original "■;" ; ./^V : Grantee- y -f 7, U-'*C. V;.',,-.J-::,->:?:■ Where the value of the land is £i6b £2: 2 Wliere the value of the lancl/is £200#3" 3 4 Where Where the value olthe land is £4OO -4 1 8 Where the value of land is above £4OO the fees increase at the rate of 4s. 2d. (Assurance Fund} for every additional £IOO in value! vThese charges also the Cost of Conveying La/nd, y , , inasmuch as; applicants to bring; land under the Act can direct the Certificates of Title to issue in the haines of any other persons! f redtt for Fees is given, ,: when desired by where the proprietor applies to have the land registered under, the Act in his own name, and the fees may remain unpaid until the land is dealt with. - 7 ; ' : . : I: Any person, therefore, who wishes to bring his= land.under the provisions of the Act,- in order that whenever he deals with it he may be in a position to avail himself-of the facilities afforded by having a Registered Title, can do so without any present cost, by allowing 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 d mohiedt'Ts notice:

Any Title, however long and complex, may;be>'iiiyestigated. at a cost to the: applicant of 07i(/if Jiye shillings £ for if the title is rejected, all fees are returned, withy the ex-' ceptioh of that amdunt. " vj op Title are, AisporoTELy ''"" ' '''■'.■'■''' \ \ ; '"Xndefeasible; i V'-";^-^'- ; t v ':':^:'-' Z7nderihe : Old'Sysi^^^^^^: r : of Conveyancing, if a single deed is lost, yfcjfei title is in many cases rendered a.bs6lut<&y|&ef: fective, and therefore others it can only be rectified at cpstl Persons who bring their land- under the SAict surrender all their deeds and receiveinexchange a Certificate>x)f TitledldnpHcate of which is retained in the office. If the Certificate in the possession ofc;theregisl&red- pro;-' prietor is at any time lost, or destroyed fire,V&c, a new Certificate is supplied,.by the Registrar at a small cost, v ' ;.'■"'■■■ - : : : .'t : " |- All Titles are Guaranteed'-Tig' the Government: On all Conveyances by JDeed under the old system; the cost of in the Deeds Registry; "over and above the solicitor's i chargers never teen- shillings, frequently very much more ; while-land whichhas been jbrouglit under the provisions of the Land Transfer Act can be transferred, at a total cost oe eleven shillings where a" whole section is conveyed; and where only part is conveyed (and therefore al fresh Certificate ; of v: Title' necessitated) 'of THIRTY-ONE SHILLINGS, which is the HIGHEST sum allowed r bythe Act- ho matter what the value or area of the land. -ft^ r

Under the Regulations in force- on andafter the Ist the charge ;£or Certificates of Title issued' ujpbh Memorafidl of Transfer is reduced to ten shillings i& all cases'where the-valueor the /LANd^ UNDER TEN POUNDS. :■ ■ .■ The total cost of executing a Mortgage or.Lease, of under iis\ twelve shillings, no matter; what, tie amount involved. - ; : A .Mortgage may; be transferred or 3 charged, or a Lease transferred or surrendered, for Five Shillings;" - These Opera^p^is^wpl^einOfJ)elcn/^0 The following are some of the advantages conferred by the Land Transfer system:— 1. It secures the principal benefits [ and vantages soiight to be obtained in a.system of registration of deeds. - 2. It renders retrospective inyestigations;;of\ title unnecessary as to all lajads registered.. 3. It simplifiesthe Titlesi to Real Property for the future. " : . 4.. It. makes Purchasers 'of the- j Fee- 'and; Leases perfectly 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 "■oans secured on lands. ••^v ; -;--_;.:.--.'-v-:^^