Page 2 Advertisements Column 3

Mount Ida Chronicle, Volume III, Issue 166, 10 May 1872, Page 2

Miscellaneous Advertisements: LAND TRANSFER ACT. ~-ANDS.'ALIENATED or contraci ted to be alienated from the Crown in fee, prior to the coming into operstion of "The Land Transfer Act, 1870," may be brought; under the provisions of the Act by ' 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-subsecpient to the 28th.December, IS4I, none of the land included in which has been dealt with— Where : the Certificate of title is di : rected to issue in the name of the applicant: Value of land,- . £IOO ' ... £0 11 2 Where the Certificate of Title is di- ■ - rected to issue in the name of . -■;. the Purchasei : Value of land £IOO ... ... ... ; ... i. ir 2 These charges are increased by 4s. -2d. (Assurance Eund) for every additional £IOO hi

2.: WhentheAppticanti&^t^ : ? vwhere the Applicant is not thtf^ .'•■.■■ : ..^^';Grautee—:: : ;.'--*': i=; ? J f -^v/K Where.the, value of the laud is £100: £2 14 r : - 2 Wherejthe value of the land is £2OO '3Where the value or tlie-lahd S 3;12 ■h6 Where the value of ;the laud is £4OO ; 4s: lo S : Where the value of land is 'aliove £4QO the: fees increase at the rate of 4s. 2d. (Assurance JFundj for every additional ; £loo in value. These charges also represent the Cost of ■ Conveying JLdnd,\ : '': ~ -/'''^i^M : inasmuch as applicants to bring land under ■jAjctTcan -direct the: Certificates oKTitle to issue in the names of any other persons; : j.,;'lt. -.-•■ Xpditjbr es i s ffweihi : when desired, by the, applicant, in all, cases where the proprietor applies to have the, land registered ;under;tihe ,Act in his own;name; and the fees may remain unpaid uhiStfie land is dealt with. ' " v > ■■':':"■ y~ Aory person, therefore, whowishes tabniig his land under the provisions; of "the Act,; in order that whenever lie: deals with! it he may be in a/position to avail himself Of the" facilities afforded; by having af Registered Title, can!do so without any present cost, by fees to remain unpaid .until such dealing takes place. He will, then: be Hnl a pqsitioh:,tp Mortgage, \Transfer', Lease, or ■with his land at a momentls';■ notice..-;■/'■'.■■■

', Any Title, however longandcbmplex, X may lie investigated at dost to the applicant of oriigffioe for if theititle is rejected/: - alt-fees are returned, ; exception of that amount. ™ * ir ; ) Title f; - ■;"-'■■ Under - ; ■ of .Conveyancing, if a deed. is lost,the title is iia many cases rendered; absolutely defectivej anil therefore unmarketable, whilein others it can only be, rectified; at great" cost. Persons who bring their land under, the Act surrender all their deeds andreceive>;in"exchange a Certificate 'of Title!, a ; duplicate of which is retained in the office. -;Jf ficate in the* possession"of* proprietor is at any time lost, or destroyed by fire, <&c}, Certificate is supplied byVthe Registrar at a small cost; t

All Titles are Guaranteed by the Qovernmeiit: hs ■': On-all Conveyances by Jjfeed^; under the old system, the, cost of Registration ;in the. Registry,; over anb above the ':■ solicitor's ■' Change;':;; is heyer'Jess r than: eieteen shillings, frec|uetitly very much more; which has -been Drought under the provisions of the Land Transfer Act can; he •transferred;at ajtotalcost 6E;Elev;en}Shil^ lingswhere a whole section is, convey eel;; and where only part is conyeyed w (and:; therefore .a fresh Certihcate of Title necessitated) of ;thirty-one v shillings,-which is the highest \ SUM'ALLOWED "by 'th%'A;ct/ ho niatter what the value or area of the land. ; : •> :^

; HEFnder" tile.- Kegulsircioiis' in :force ton and iafter; ther Ist J^ua^■;■■i^2^■itiie■,''charge^for of Title issued upoii Memoranda ,fof Transfer,is TaTEJSL shillings in I ? alt casies where ' the 61? eant* is {UNDER TEN POUNDS. ' /; ' 5 ; The Total cost of ? 7 MoRT^iGE ; or Lease of land registered as: 1 twelve shillings, -soi matter what the amount involved. J^ v ~ _^\k^/tO'^ ;,-. A; he or?d|s-icharged,-'or a Lease transferred or 'i siurreaFive ' These Operations involveyno<&eltityH%^ : : The following are some of the advantages conferred by the Land Transfer system >— « 1. Tt secures the v ad^ vantages sought to be obtained' in -av system M registration of deeds. ;'--■'-: 2. It renders investigations of title unnecessary as. to all lands 3. It simplifies the Titles torKealproperty for the future. .T-

4? : It ! makes 'Purchasers of Fee aiitl Leases perfectly secure. • 55' It simplifies to theiutmost possible extent the forms of transfer" and; At imbiiesy of ■ conveyance. ■"■■■■''. '^■; v '-- ? ...IJ-: 1 J - : : k'}y^.:\s:C;p 6. It increases the saleable .value; of land;:fe : € 7v; It? tends to tie rate Of I interest; on secured on lands. = ,>-^irX '^■■■ 0-I;X* /