Page 4 Advertisements Column 5

Patea Mail, Volume 1, Issue 1, 14 April 1875, Page 4

• Government Notices. LAND TEANSFEE ACT. LANDS alienated or contracted to be alienated from the Crown in fee, prior to the coining into operation of “ The Land Transfer Act, 1870,” may tic brought under the provisions of the Act by application from the persons entitled thereto. All lauds aleniated from (ho Crown ai'ter the coming into operation of The Land Transfer Act, 1870,” arc subject to, and must he dealt with, in manner prescribed by the Act. The following are examples of the fee, payable for bringing the land under the provisions of the Laud Transfer .•Vet: 1. A lien the title consists of a grant, dated on or subsequent (o the -Bth .December, 18 I 1, none of the land included in which has been dealt with— Where the certificate of title is diaected 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 purchaser;’ ralnc of land, £IOO ... I 10 0 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 lias been dealt with ; or Avhero the applicant is not the original grantee— Where the value of the laud is £IOO £2 U 2 Where the value of the land is £2OO 3 3 4. Where the value of the land Js £3OO 3 12 G Where the value of the land is £4OO ... ... ... 4 i g Where the value of land is above £4OO the fees increase at the rate of 4s. 2d. (Assurance Fee) 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. CUE Dll’ rou FEES IS GIVEN. When desired by the applicant, in all cases where the proprietor applies to” have the land registered under the Act in his own name, and the lees may remain unpaid 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 he in a position to avail himself of the facilities afforded by having a registered title, can do so without any present cost, by allowing the fees to remain unpaid until such dcoling takes place. lie will Then be in a position to mortgage, transfer’ lease, or othenvise deal with his land at a moment’s notice. Any title, however long and complex, may be investigated at a cost to the

applicant of only five shillings ; for if the Lille is rejected, all foes sire returned with the exception of that amount. ALL LITLES ARE GUARANTEED jjy THE GOVERNMENT. On all conveyance,s 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 ho transferred at a total cost of eleven shillings where a whole section is conveyed; and whore only part is conveyed (and therefore a fresh certificate of title is necessitated), of thirty-one shillings, which, is the highest sum allowed by the Act, no mattc.i what the value or area of the land.

Under the Regulations in force on and after the Ist of January, 1872, the charge of certificate of title issued upon memoranda of transfer is reduced to ten. shillings in all eases 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 OI’EUATIOXS INVOLVE NO DELAYS. Ihe following arc some of the advantages conferred by the Land Traansfor system: 1. It secures the principal benefits and advantages sought to bo attained 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. I. It makes purchasers of the fee and cases perfectly secure. 5. It simplifies, to the utmost possible extent, the forms of transfer and the modes of conveyance. G. It increases the saleable value of land. 7. It tends to lower the rate of interest on loans secured on lands.