Page 2 Advertisements Column 3

Mount Ida Chronicle, Volume III, Issue 167, 17 May 1872, Page 2

fflE. i** * .:uSj AIt. M

LAND TRANSFER ACT. ' conp^ '. 1"A ■ ted to tie alienated from the Crown in' fee, prior _to the coming into operstion of "The Land Transfer- Act", "1870," may'Le "brought .Tuncler tEe; pjoviMons of the Act byapplication from tlie persons..entitled thereto. All lands alienated from' tlie" Crown after the coming into 'operation of "The Land Transfer Act, 1870," are subject to and .must be dealt &vifih in 'manner prescribed s by the i Act. •$, _£ ... i k . The following are examples of the fees pay- - able for bringing land under the ; provisions' of the' Land Transfer Act:— 1; When the title consists of a .Grant? dated • • oil or subsequent -tovthe?2Bth December, 1841, none of the land included in , .. -which has .been dealt with—"Where the Certificate of " title'is (li- ' rected to issue in the name of the applicant': Value'of landV" * £IOO ... £0 11 2 .Where the; Certificate of-Title! is v di-" ■ ■■ . rected to issue-rin, the name of \p ; the Purchasei : Value of land ' £IOO " ><- - .v.' 1 11 '2 Thesei charges, are .increased by- 4s. 2d. '( As-" suiince jFund) ..for;everyr additional £ioo in j.value;. . t , , - t ; , 2. "When the Applicant is the original Gratitee, ■V, 1 and'-'the land has been/dealt with- or i t'whbre-tlie Applicant is riot the'original '"'Grantee — - ' ' ' ' ' " ' ' Where'tlie value of the land is £IOO £2 14 2 ,Where the-vaiue of the land is £201) . 3 3 (4 .Where ..the value ot the land is £3OO 3 12 6 Where- the: value; of .the land- is £4uo 4vl s■■■ 8 ' Where the value of land is'above £4do.the

fees increase at the rate of 4s, 2d. (Assurance Fund) for every atl'cliiionai £IOO in value. '] hese cliaryes also'represent the Cost of < ' " Concejiri(j Land,-' - -:■ ''t inasmuch as applicants to bring land under •fibe-'itct -can to issue jui the names of any other persons. t osii -; t for 'l>\es is pivenfwhen desired'by the applicant, in' all cases where the proprietor applies to have the land registered iinuerv the Act in his owmnanie, and the fees may remain unpaid imtil the land is dealt with. Any, person, therefore, who wishesjfcp bring his land linder the provisions of "the" Act, m older that, whenever he deals lie. ; may : be iii a position uo avail himself of tKe-iaciiities: -afforded-by having- a Registered Titley cantiio so. wrihuat d,bc/ present-.cost, by allowing; the fees to remain unpaid until such dealing take.s, place. " / He.- will' then be • in, a position |to Mortgage, Transfer,. Lease; or deal with his lanu at-a moments notice. ■> _;'' ; Any Tdle, however long .and complex,, may be at \a,cosV. to the applicant oividi) jive shilling's the trfclS'-iS' rejected;'" all fees' "are returkeci; with the exception, ofthat amount. :''- l ■ iNDEPEASICtEr ► . ' - Under the Old System '- of Conveyancing, is lose,- the title is:in: many, cases rendered absolutely defective, and therefore-iinmarketa,ble, while in others it can.;only?"be ixectified at great cost. Persons who bring their land under the Act surrender aU: jtheißf deeds' in exchange a Certiiicate .of _ Title, a duplicate of nvhichj is sretained in the office. ,=. If tiie (Jertir iicate in the possession of the registered proprietories at. any time lost,; or destroyed ;by iire, &d.y :a,neW Certificate is supplied* Ify ithe Registrar "at a small cost: r C A.U Titles are Guaranteed by the Government. -'On- all Conveyancesiby Deed .

under tlie old system, the cast of Registration in the: Deeds Registry,! ovER^NDjABpyE: tiJe solicitor's charge, is, never less than'fifteen shillings, .frequently very much more ; while land whiek "has been brdnght under the provisions of the "Land Transfer Act can be ! transferred at a total'cost of eleven Shil- ■ lings where a whole section is'coiiveyed; 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. Kegulaiions in force on and "after the Ist-' Januarj?y J. 572, Ithe charge' forCertificates of Title issued upon Memoranda ;of; Transfer is reduced to .ten., shillings in, all cases where . the 'value of the land is UN DER 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 Operation's involve no Jjeldy-s-. ; The following are some of the advantages by the Land Transfer system 1. It secures the princijpal benefits and advantages sought to be obtained in a system of .registration of deeds. 2. It renders retrospective investigations of title unnecessary- 1 as to all lan as registered. 3., It simplifies the.Titles to Real Property 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" tiae "mo'ues of; conveyance. 6. It increases the ; saleable value of land.. on secured on lands. .