Page 2 Advertisements Column 3

Mount Ida Chronicle, Volume III, Issue 173, 28 June 1872, Page 2

Miscellaneous AllVertiseiiißiiti^ ,0 - LAHD -TJELAJSTSFjER ACT.; ,; : ,. v ~ _J ted to be alienated from the Crown in fee, "prior" to the coining- into - operation- of- /' Transfer, 1870," may be brought'under the pfdvisi'dns'df the Act byapplication from the persons entitled thereto. All lands ahenatedfroniithe Crown after the coming into operation of " The Land Transfer Act, 1870," are^iibjecli'toarid 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 l v : - 1. When the title consists of a Grant, dated on or siibsee[uent.tp; the 2Sth December, 1841, none of the land included in ;• Avhich has been, dealt with—.,, . .-,, Where the Certificate, of, .title is di- ' J '' . rected to .issue in. the name, of ~ the applicant : Value, of land, : ' ■'- £IOO ... ... :;.. ... £0 11 Where the Certificate of Title is di- -.-..' rected to issue in the'name the Purchasei : Value"-of land ■ £100'" : ;•:■:'•■ "*-i:S-S-«?L:<^XK,^\l;#E L 2 These charges are increased by 4s. 2d. (Assurance -l?uhd) for every; additional £100: in ,i value. ' '• ■■'.>>.-! 2.' When the Applicant is the origmalGrantee,;and the land hasibeen dealt with; or where the Applicant is not the original .':;>;Gfrantee-rrl ■'■ y> O : ; : > ■'••.-■■■.;• Where the value of the land is £IOO £2 14 '?■ Where'the value of-the land is £2OO 3 3- - Where the value of the land is £3OO '3 12,f 6i Where the value of the lahtt is £4OO 4 V 8' Where the'value of land is;above;£4oo.the. fees increase, at the rate of 4s. .2d. (Assurance Firndj for> every additional £looinvalue:' • These charges also represent tlie Cost of • v "- ; ; ' "Conveying Land, ; '." . \.-v inasmuch' as applicants; to bring land. under) the Act can direct the Certificates of Title to; issue in the riahies of any other persons.. ;; . -."■ -. . c, reditfpr JB'ees is-given, ,.,■>,. : when desired, bythe.-applicant,'- in''all cases where the proprietor applies to* have the landregistered under the Act in his own name, and thd fees may'reinaiii' impaidiuitilthedand is dealt with. "" f ; f Any person, therefore, who wishes to bring his land under the provisions of the Act, in older that whenever he deals with it, he may be in a position to avail himself of the facilities afforded ■by having,- a.'Eegistered. 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, atamomenfrs notice. ; v -■=;■';. AnyWitle, however longj and i may be investigated at i; a"cost to the applicant oi'oKtg'five-shillings j for if-' the title is rejected,,, &U, fees, are returned, with the exception of -that amount." -'■ ; A■. ';. : ■:< .; ?~J.\ i>j i;Certificates of Title'are Absolutely ;..-...... Indefeasible. "" '"_'.' ' Ilndejr the [old- System- 'un< :;;^ of Conveyancing, if ; a' single deed' <'islost, the title is in many cases'reirdered 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 exch'angev a-Certificate of ..Titlg, a- duplicate of which is retained in the.pjfi.ce. If the Cerfr.ncate in the possession,of the, registered proprietor is ' at saxy tiiite lost^" or destroyed -by lire, &c, a new Certificate is supplied by the Registrar at a small; cost. Jill Titles.are Guaranteed by. the .Government. On all Conveyances by Deed "under the l! 6ld"systein, 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 ; ,svhile land which has been brought under the pro visions of the Land Transfer A ct : can be transferred "at 'a" T'o;f Al",cost : of' eleven shillings where a whole "section is ebhveyedj-and where.only part is conveyed (and therefore a fresh ;; Certificate ' '-"ofi - 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., r ■ '■'., ;, j Under the : ' Regulations- in> force' 6n'and after the. Ist January, 1872, the charge:? for Cei-tificates 1 of Title issued upon (Memoranda of Transfer is reduced to ten shillings in all cases where the value oe the land is , UNDER .TEN POUNDS. . The total cost of execiitihg'-a 1 ' or Lease of land registered under the Act is twelve : shillings, ~np matter what the amount involved.' '. ''"' : ■' ■■''" °-' : -± ,V^ 1!1 '— - . A Mortgage may be transferred or discharged,- ::or a: .Lease.; transferreditor;:)surrendered, u f or Five Shillings. involve no Delays. '.The 1 ■ following are ■■:• some ,of j the ; .i advantages conferred byi'the Land Transfer^.system:-^-1. the principal benefits and ad>yahtag«s Sought to be obtained in a.-system of registration of deeds. " ~ ' A}l * 2. It renders reirbspectivb of title mmecessary as to all lands registered. ..,■. '' : ;3; it' simplifies the Titles' to-Real" Rroperty for the future, j, ? , i;u . ~\ -4. It'makes Purchasers of ..the .Fee and Leases perfectly secure. - , -.,, 5. It simplifies to the utmost possible" extent the fonus 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 , Toans secured on lands.