Page 3 Advertisements Column 5

Patea Mail, Volume 1, Issue 14, 29 May 1875, Page 3

Government Notices. The Ibllowing are examples of the fe\ payable for bringing the 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, 181 I, none of the land included in which has been dealt with— Where the certificate of title is diaectcd 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; value of land, £IOO ... 1 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 has been dealt with ; or where the applicant is not the original grantee — Where the value of the land 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. Those charges also represent the cost of conveying land, inasmuch as applicants to bring laud under the Act can direct the certificates of title to issue in the names of any other persons. cnmirr Fun fees is 01 VEX. When desired by the applicant, in all cases where the proprietor applies to have the land registered under the Act in In’s own name, and the fees may remain unpaid until the land is dealt with. Any person, therefore, who wishes to bring bis land under the provisions of the Act, in order that whenever he deals 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 (leoliug takes place. He will then be in a position to mortgage, transfer’ lease, or otherwise deal with his land at a moment’s notice. Any title, however long and complex, may bo investigated at a cost to the applicant of only five shillings; for if the title is rejected, all fees are returned, with the exception of that amount. Ann l items auk ouakanteed by THE GOVEItXMEXT. On all conveyances by deed under the old system, the cost oi registration iu the Deeds Registry, over and above the solicitor’s charge, is never less than fifteen shillings, frequently very much more; while land which lias 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 is necessitated), of thirty-one shillings, which is the highest sum allowed by the Act, no matte.L what the value or area of the laud. 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 hind registered under the .Vet, is twelve shillings, no matter what the amount involved. A mortgage may he transferred or discharged, or a lease transferred or surrendered for five shillings. THESE UI'EKATIOXS INVOLVE NO V EL A VS, The following arc some of the advantages conferred by the Laud Traansfer system : 1. it secures the principal benefits and advantages sought to he attained iu 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 malms purchasers of the fee and case's perfectly secure. 5. it simplifies, to the utmost possible extent, the forms of transfer and the modes of conveyance. (). It increases the saleable value of laud. 7. it tends to lower the rate of interest on loans secured on lands. 8. It gives facilities for the. sale of large estates iu allotments. 0, Transactions can he effected at a moment’s notice*, and at a minimum of cost. Land purchased from the Crown since the coming into operation of “The Land Transfer Act,” cannot ho dealt with under tin* old system. W. S. },L,oumm- e. Tieristrar- (On serai of Land.