Page 2 Advertisements Column 3

Mount Ida Chronicle, Volume III, Issue 165, 3 May 1872, Page 2

Miscellaneous Advertisements.. LAND TRANSFER ACT. " ANDS ALIENATED or contra^- . "ted 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 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 fees payable for bringing land under the provisions of the Land Transfer Act:— - -

1. When the title consists of a Grant,^dated on or subsequent to the:2Bth December, 1841, none of the land included in ... which has been dealt Where the Certificates of title is di- r rected totissue in the name of the applicant: Value 1 of r 0 £IOO ■*.."■-. ... •- ... £0 11 2 Where the Certificate of Title is di- ;■?>} ■% - : Vv ; rected. to issue in tihie; name of ; ; 4 - the Purchasei : Value of land v-./ £100';;•■ ..:;■;; :->;^; fc ::^aiV^^-i-^ c '2 These* chargesare increased liy 4s. :2d. (Assurance? Fund) for every f •additional £IOO in value.;;; ''% : X-, '.~-CX v'':: y " 2. When ther Applicantis the Grantee, ; ; and the land has been withj ;pr : ■ ; ' : Grantee—'' ' .'.'''■ . '.'"-r.::'-.;-".;.^.-. Where the value of the land is £IOO £2 14 2 Where the value of the land is £2OO ■: 3 3 4 Where the value of the land is £3OO 3 12 6 Where the. value of the land is £4OO 4j. 1 8 Where tlie value of land is above £4OO fees increase at the rate of 4s. 2d. (Assurance Fund) for every additional £IOO in value. These charges also represent the Cost of :S Conveying Lawdy'' Si ? : * inasmuch as applicants to bring land under the Act can direct the Certificates of Title to issue in the names of any other persons. '...-.;■'■■".■•■ C reditfor Fees is given,, when desired -by the apphcant, 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 the land is dealt with. : .-"'V' .*"■'■'■

Any person, therefore, who wishes touring 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 atiy 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 a moment's notice. T Any Title, however long and complex,-O t'\ ihay be investigated at a cost to the applicant of only five shillings ; ioxii tne title is rejected, all fees are returned,, with the exception of that amount. ~ ■ ; '; * : Title - -..■ Istsepkasible. Under the Old System of Conveyancingj if a single: deed is lost, the title is in many cases rendered absolutely defective, and therefore unmarketable, while in others it can only be rectified at great cost. Persons who bring their- land under the Act surrender all their deeds and receive in exchange a Certificate of Title, a duplicate of which is retained in the office. If the Certiiicate in the possession of the registered proprietor is at any time lost, or. destroyed.-by hre, &c.,'a new Certificate is supplied by Registrar at a small cost. :V: are Guaranteed, by tli-e Government. ■ On' all -Conveyances by Deed- r Q<-

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 be transferred at a total cost of eleven shillings where a whole section is conveyed; and where only part is conveyed (and therefore a fresh Certificate of Title necessitated) of thirty-one shillings, which is the highest sum allowed by the Act, no matter what the: value or area of the land. Under the Regulations in force on and after the 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 twelve shillings, no matter what the amount involved. A Mortgage may be transferred ? or * discharged, or a Lease transferred or surrendered, for Five Shillings.These Operations involve no Delays.

The following are some of the advantages conferred by the Land Transfer system:— 1. It secures the principal benefits and advantages sought to be obtained in a system of registration of deeds. ", 2. It renders retrospective investigations of title unnecessary as to all lands:registered^ 3. It simplifies the Titles to Real Property for the future. v:'.'"V(; i, 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 10-wer the rate of interest on 11 oans secured on lands.