Page 4 Advertisements Column 5

Patea Mail, Volume 1, Issue 12, 22 May 1875, Page 4

Government Notices. LAND TRANSFER ACT. LANDS alienated or contracted to b , alienated from the Crown in fei 1 prior to the coining' into ojioration c • “ The Da ml Transfer Act, 1c>70,” mn | be brought under the provisions of th Act by application from the person entitled thereto. All lauds aleniated from the Crow after the coming' into operation of “ Th Land Transfer Act, 1570,” arc snbjec to, and must be dealt with, in manno prescribed by the Act. j The following arc examples of th fee, payable for bringing the laud undo the provisions of the Laud Transfe i Act: 1. When the title consists of a grant dated on or subsequent to th 28th December, 1841, none of fh land included in which has been dealt with— Where the certificate of title is diacctcd to issue in the name of the applicant: value of land, £IOO ... £0 11 1 Where the certificate of title is directed to issue in the name of the purchaser; value of land, £IOO ... 1 10 ( These charges are increased by 4s. 2d (Assurance FumJ.) for every additional £IOO in value. 2. When the applicant is the origiua grantee, and the land has beer dealt with ; or where the applicau l (Assurance Fee) for every additional £IOO in value. These charges also represent the cost oi 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. CREDIT roll FEES IS GIVEN. When desired by the applicant, in all cases where the proprietor applies tc have the land registered under the Act in bis own name, ami the fees may remain unpaid until the land is dealt with. Any person, therefore, who wishes tc bring his land under the provisions ot the Act, in order that whenever he deal,with it ho may be 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 dooliug takes place. He will then be in a position to mortgage, transfer’ lease, or otherwise deal with Ids land at a moment’s notice. Any title, however long and complex, may be investigated at a cost to the applicant of only live shillings ; for it the title is rejected, all fees arc returned, with the exception of that amount, all liti.es are guaranteed by THE OOVEUXM EXT, On all conveyances by deed under the old system, the cost ol 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 total cost of eleven shillings where a whole section is conveyed ; and where only part is convoyed (and therefore a fresh certificate of title is necessitated), of thirty-one shillings, which is the highest sum allowed by the Act, no mattca 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 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 DELAYS. The following are some of the advantages conferred by the Land Traansfer system; 1. It secures the principal benefits and advantages sought to be attained in a system of registration of deeds. 2. It renders retrospective investigations of title unnecessary as to all lands . registered. j 3. It simplifies the titles to real property I for the future. j L It makes purchasers of the fee and cases perfectly secure. t i. It simplifies, to the utmost possible! extent, the forms of transfer and | the modes of conveyance. I 1. It increases the saleable value of land.