Page 2 Advertisements Column 3

Mount Ida Chronicle, Volume III, Issue 170, 7 June 1872, Page 2

Mis e ellan'e oui Adv er tis erne 11 •/ ' „ LAND TRANSFER ACT. |~ ANDS ALIEN 'A TKD or contrac-JL-i ted to be alienated from f the ; Cr own-in*, fi'e, • prior to the corning iinto operation of 1 ' The Xancl ~ Transfer Act, 1S70"," m&y be' brought under-the provisions of the Act by application from the persons"entitled "'thereto:' ,All' Laids .alienated iroih f *'ilie Crown after the coming into operation of "The Land Transfer Act, 1570," are subject to"and must be dealt with in maimer prescribed by the Act, , , , . . J*' '■ : The following are examples of the fees pay;---a/ble for bringing laiid: uuaer the provisions oi' the Land Trausler Act' 1. When the title consists of a Grant, dated "oh J or'subsequent to the'2Bth 'December, IS4I, none of the iaiid 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-, .r ..- , , .:. y ... 2 These charges are incieased by 4s. 2iC (Assurance lAma). for every additional £iou in value. ' ' » 1 * 2. W hen the Applicant' original Grantee, and the land 'has been'dealt with; or where the Applicant's not the original Grantee — 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 or the land is £3OO 3 12 G Where the value of the land is £4OO 4- 1 S Where the yalue of l land-is' above £4oo!.the fees increase at the rate,of. 4s. 2d. (Assurance Fund) for every additional £IOO in value. < • These charyes also represent- -the' Gost of • Ci/iicet/iiiiy ±,(tnd, . inasmuch as applicants to ;bi-ing, land.-under the Act can direct the ...Certificates of Title to' issue in the names of any persons. - ''ictu't for /-.is r.v utktdi', '' . , when desired lv/ the applicant, in all cases where t'lie proprietor •'a'j'ipiies. to havti'the laiiii' registered un.x-r tn« .Act m his own liame, aua the lees may ivinaai unpaid laitii the land, is dealt with. Any person, therefore,,who wishes to bring: his land under the provisions of the Act,, iii oaler that whenever he deals with it he nf&ybe iii a position to av ail himseif of the facilities afforded by having a Registered Title, can do" so iVi'bhouL cvut/ present, cusi,' by allowing the ' fees to remain unpaid until such dealing takes place. ! ' He will then be in a 'position to Mortgage, Tru.i-fer, £,z.;u.e, or otherwise dea L •volth 'f.s Inn i at a moiubi/'t .v iiot.ee Any Title, hoioece'r tony .and, complex, may-be-investigated at a cost to the applicant ot'.OiLit/ jice shillings • for -if tiie titie is rejected, alt fees are returned, with the exception of that" amount. , Certificates of Title are Absolutely - - INDEI-EASI.BLE. , . * ' Under Hie (Jul System' " of Con veyaiicirig/ if'a 'single "defetl ; "is lost, the til le is in many cases ri-ndered absolutely de- " fecti^'e,-and-tberefoi-e ! xiiiniai : ketable,/Avluie.in ; .' others it can oidy be at ! great cost. PertOMS who tuo.r land i-iuier the Act surrender all their 'needs-and- receive in exchange a Certiucate Ol Title, a duplicate ol which is retained in ahe oiiice. {lf tne Cert ificate in the possession oi, the registered proprietoi'Mt> at any time lost, or by , nro, &c., a m-w Certificate is supplied by the ICegistrat at a small cost. - •,, • . '. Jhi 2',ties a7-e^UuaYanieed hy the Governments (Jo ult Conveyances hy Deed .'' under the' old system, the cost of itegistration in the H>eeds Legist i*y> over axd above the solicitor's charge, 'is soever less than FifUEEN'SHILLINGS, much more while land which has been brought under the provisions of the, Land Transfer Act can be transferred at a - total'cost of lings where, a whole section is conveyed; and where only part is conveyed' (and"therefore -a fresh Certificate of "Title necessitated) of THIRTV-Oi?E SHILLINGS, wllicll is the\HIGHEST sum allowed by the Act, no matter xyhat the vadue'.or-area of the land. ■. .'tix V- - ; Under the Regulations in" force on and i after,.the.dst-January, i 872, the .charge for Certificates of Title issued upon Memoranda of Transfer is reduced to ten shillings in all cases- wheke iue value of the lam; is UH'.DER.TEN POUNDS. ! , . • \ • The total cost of executing a MortcaGE or Lease of land regis the Act is twelve SH.tLLiisGS, no matter what, anibuht' iiivolvetl/ ' - ' 7 : K ■ A Mortgage may be -transferred or discharged, or a Lease transferred or surrendered, for Five Shillings..These (Jperations-i'ivolvs no Delay s. ' The are i some of the advantages conferred by the Land Transfer system:— 1. It secures, the pfiiicijpal benefits and advantages sought to be<obtaiiied>,iiVl a ; -system , -,ofi registration of deeds. , .. ; , ! 2. It renders retrospective,investigations of title-unnecessary as to all lands, registered. o. It simpiiiies the Titles to 'Real Property" -for,the future. > 4. It nlakea Purchasers of the Fee and Leases perfectly secure. 5. It simplifies to the utmost possible extent the forms, .of-transfer and tlie modes of conveyance. • , 6. It increases the saleable value of land. 7. It tends to lower the rate of interest on Toans secured on lands. K.' ; : $