Page 2 Advertisements Column 3

Mount Ida Chronicle, Volume III, Issue 180, 16 August 1872, Page 2

Miseellaiieoiis Advertisements. LAND TRANSFER- ACT. LANDS -ALIENATED or contracted'to be alienated from the Crown in foe, prior io the coming into operation. of \ "The Land Transfer' Act, 187u," may be ■brought, under the provisions of the Act by application from the persons entitled thereto. All Laids 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 lor bringing land unuer the provisions of •the Land Transfer Act : 1. "When the title consists of a Grant, dated on or subsecpieut to the 28th. December, 1843, none oi the land included hi 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:il 2 Where the Certificate of Title is directed to issue in the name of - the Purchase! : Value of land £IOO ... 1 11 2 These charges are increased "by 4s. 2d. (Assurance Fund) for every additional £IOO in value. 2. "W hen 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 ot the 1-uid is £3OO 3. 12 6 Where the value of the laud is £4OO 4 18 Where the value of land is above £4OO the fees increase at the rate of 4s. 2d. (Assurance Fund) for evei-y additional £IOO in value. These chart/ex also represent ike Cost of Conveying Laud,, inasmuch as applicants to bring land under the Act can direct the Certilicates of Title to issue hi the names of any other persons. red tj'or iw-/? is <iive,!, wlien desired by the .applicant, in all cases where the proprietor applies io have the laud registered unuer the Act in his own- name, and the fees may remain unpaid until the land is dealt with. Any parson, 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 without ami, yre-mnl coal, by allowing the fees to remain unpaid until such dealing takes place. He will then be in a position to Mortgage, Transfer, Lea>:e, or otherwise deal' ■with.his l'in'l at a. ■moment's notice. Any Title, however long and complex, , may be investigated at' a cost to the applicant of oidtfjLoe shillings ; for if. tne title is ; rejected, all fees are returned, with the cx- , ception of that amount. Certificates op Title are Absolutely indefeasible. Under ike Old iSysiem . of Conveyancing, if a siugle deed is lost, <the I 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 their land -under the Act ! surrender all their deeds and receive in ex- ! change a Certificate of Title, a duplicate of ' which is retained in the oliice. 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 Registrai at a-small cost. A.O Titles are Guaranteed ly 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 thaii 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 total 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 twelve shillings, -no matter -what;, the amount involved. C : v A Mortgage may be transferred 'or clischarged, or a Lease transferred or surrendered, for Eive Shillings.- ;• These Ulcerations involve no Dei'ai/a: 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;; ;- o. It simplifies the Titles to .Real Property for the future. ; ' 4; It makes Purchasers of the Fee and Leases perfectly secure. v ;; -,. ;, .■ 5. It simpliiies to. the iitmost; possible extent the forms of transfer and ttie niodes of conveyance. ■'} : ;;y ;■: G. It increasesthe saleable value of land: : ;^ 7. It tends to lower the:rate of l oans secured on lands. / : '' V '^' :^:: '-'^^W.