Page 4 Advertisements Column 7

Patea Mail, Volume I, Issue 53, 13 October 1875, Page 4

LAND TRANSFER ACT LANDS alienated or contracted to be alienated from the Crown in ice, prior to the coming .into operation of “ The Land Transfer Act, 1870,” may >,e brought under the provisions of the /vet by application from the persons entitled thereto. All lands aleuiatod 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 fee, 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 tiic 28th December, 1841, none of Urn laud included in which has been, dealt with— Where the certificate of title is diaccted to issue in the name of the applicant r value of land, £IOO ... £0 2 Where the certificate of title is directed to issue in the name of the purchaser; value of land, £IOO ... 0 od. These charges are increased by 4s. 2 (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 is £OO ... ... ... £2 4 2 Where the value of the land is £2OO ... ... ... 3 3 4 Where the value of the land is £3OO 3 2 G Where the value of the land is £4OO 4 1 3 Where the value of land is above £4OO the fees increase at the rate of 4s. 2d. (Assurance Fee) for every additional £ 100 in value. These charges also represent the cost of conveying land, inasmuch as applicants to bring land under the Act can dirts the certificates of title to issue in the names of any other persons. CREDIT FOR FEES IS GIVEN. When desired by the applicant, in «U cases where the proprietor applies to have the land registered under the Amin his own name, and the foes may remain unpaid until the land is dealt with. Any person, therefore, who wishes to bring his land under the provisions ck the Act, in order that whenever he deal.-, with it he 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 deeding 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 he 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. ALL LITRES ARE GUARANTEED RY 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 than fifteen shillings, frequently very much more; while land which lias been brought under the provisions of u 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.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 ton 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 he 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. 3. It simplifies the titles to real property for the future. 4, 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. 6. It increases the saleable value of land. 7. It tends to lower the rat-' of interest on loans secured on lands. I, It gives facilities for the sale of large estates in allotments.