Page 2 Advertisements Column 3

Mount Ida Chronicle, Volume III, Issue 178, 2 August 1872, Page 2

Miscellaneous Advertisements; LAND TRANSFER ACT. '~ ANDS ALIENATED or contracfee,. prior to the coming into. operation of " The Land Transfer Act, 1870," may be 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, 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 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 ... .... 1 11 2

■':; Tnese axe incre surahce; Fund) for every: value, v ...vy ■;•; ; ;-:;:¥.V :^A' 2. When the A^ " and j^ ■ '■■ : ' : - ''7' Grantee- : Where the value of the land is £IOO ''o'; i 4: # "Where the value of the land is £2OO 3 3-■ 4 1 Where the value of the land is £3OQiC3 12 i; 6 Where the value^ Where the value of land is above £4OQ the) fees increase at the rate of 4s. 2d. (Assurance Fund) for every additional'£lQUm value. ;5 These charges alsorepresentthe> Cositfy: 7 '■;:/'■'■/.- Conveying Jjandy : ''■':<?sY*~?&M .inasmuch as. applicants to bring land; iunder the Act can direct the Certificates ofi issue iiithe names of any other'persons. reditfor is given, -Kc '■■':of'~: when desired by the whereitheproprietor applies registered under the Act in ■ his and the fees ;may is' dealt with. ■ - ': ■-'.-■"" l^S^^^MS Any person, hisiand under the • provisions;pf order that whenever be in aposition to avail himselfotthe facilities afforded by having a EegisteredjTitleiv can dpi so without any present cost, by ;\ allowing the fees to remain unpaid until such dealing takes place.';:;;;. : -'iife; will then; be in a^;position to Mortgage, Transfer, or Otherwise deal with his land- at a moment'&t notice. '7^- • Any Title, however long, and ':pdmfflex^ : :oo : may be investigated at accost; to only jive shillings ;;fa rejected, all fees are ception of that 7^•; '\? 7- ; • ;V v CertIFICATES^O^^ ;;>■:;.-"" ■A ;M /'•-■•'■ TTnder the Old: i i 7v ? ci of CohveymcingV if smgle is losty the title is in many cases rendered absolutely defective, and. therefore unmarketable, wMe in others it can only be rectified at great cost. Persons who bring their under the: surrender all their deeds and 'receivein exchange a, Certificates of whicnis retained in the office. Tf the Certi-; ficate in the possession of the registered propnetorvis at any lire, (fee., a new Certificate is supplied by ~the Registrar at a r All Titles are On- all under; the old system, of Registration in the Deeds Registry, over /"and above the soligitor's charge, is never less than fif- ; teen shillings, very much more - whHe land which has been brought under the provisions of the .Land Transfer; Act can be transferred at a, tqt^/costof eleven lings 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, the charge for Certificates of Title upon; Memoranda of Transfer is reduced to tenshillingsi/in ; all, cases where the value of the;i^DvlS iUNDER'TEN

The totai: cost* of executing ;a : Mqotgage or Lease of laud regis teredfunder twelve shillings, ho r fatter ; the amount"involved.' : - \-=:;' ;; -; ..M'J : ;-:-~/^^ r &^>>\ A Mortgage maybe. transferred; charged) or a Lease transferred or dered, for Five Shillings^':;' -\;K These Operations tfwdlwen&&el(fys^r:'ii The following are sonle pi: the advantages conferred by the Land Transfer system:- i ; 1. It secures vantages sought to be a system bf registration of deeds. ]o:'''^^y-''y^?:^U''^W^ 2. It renders retrospective investigatioiiSjOf title unnecessary as to all lands registered.^: 3. It simplifies the Titles tp%eal property fpr the future. .V^' T 5^ r;: ? ; - ;; 'W 4. It makes Purchasers of;; the:; Pee .and Leases perfectly secure.;;^^^^^^^ r^:^^^^; :v;- v ':%; ; -5. It simplifiesto the extent the forms of transfer modes of conveyance. .=r= ■."'>.'/:'■ '' :^\/:->^ ' K increases th^ 7. It tends to lower the rate" of secured on lands. ; ;40