Page 2 Advertisements Column 3

Mount Ida Chronicle, Volume III, Issue 177, 26 July 1872, Page 2

Miscellaneous Advertisements. V. R. LAND TRANSFER ACT. ~T ANDS ALIENATED or contracJLA ted to be alienated, from "Che Crown in fee, .prior to the coining into operation of " The Land Transfer Act, 1870," may he brought - .under the provisions of the Act byapplication from the persons entitled thereto. All lands alienated from the Crown after the coming into operation of "The Land Transfer Act, 1570," 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 1 the Land Transfer Act 1. When the title consists of a Grant, dated on or subsequent to the 28th December, 1841, none of the land included in which has been dealt with— Where the Certificate of title is directed to issue in the name of the applicant: Value of land, £IOO £0 11 2 Where the Certificate of Title is directed to issue in the name of the Purchasei : Value of land £IOO 11l 2 These charges are increased by 4s. 2d. ( Assurance Fund) for every additional £IOO in value. 2. When 'the Applicant is the original Grantee, and the land has been dealt with; or where the Applicant is 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 of the land is £3OO 3 12 6 Where the value of the land is £4OO 4.1 8 Where the value of land is above £4OO the fees increase at the rate of 4s. 2d. (Assurance Fund) for every additional £IOO. in value. These charges also represent the Cost of Conveying Land, inasmuch as applicants to bring land under the Act can direct the Certificates of Title to issue in the names of any other persons. : reditfor Fees is given., when desired by the applicant, in all cases where the proprietor applies to have the land registered under the Act in Lis own name, and the fees may remainunpaid until the land is dealt with. Any person, therefore, who wishes to bring 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 wit/ioiit any 'present, cost, by allowing the fees to remain unpaid until such dealing takes place. He wilt then be in a position to Mortgage, Transfer, Lease, or otherwise deal with his If ma at a moment s notice. Any Title, however long and complex, may be investigated at a cost to the applicant of only jive shillings; for if tiie title is rejected, all fees are returned, with the exception of that, amount.- ■■■;■ Certificates, of Title are Absolutely Indefeasible. Under the Old System of Conveyancing, 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 tlieir land under the Act surrender all their deeds and receive in exchange a Certificate of Title, a duplicate of which is retain'ed in the office. If the Certificate in the possession of the registered proprietor is at any time lost, or destroyed by lire, &c., a new Certificate is supplied by the Registrar at a small cost. All Titles are Guaranteed by the Government. On all Conveyances by Deed

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 tqtal 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 Delay■■•■■ 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. 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 lower the rate of interest on 1 cans secured on lands.