Page 9 Advertisements Column 1

Tuapeka Times, Volume V, Issue 244, 3 October 1872, Page 9

LAND TEANSFEE ACT. T ANDS ALIENATED' or contracted to Jj be alienated from the Crown in fee, pri,or to the into operation of «'The Land Transfer Act, 1870," may be br ought under the provisions of the Act by application from the* persons entitled thereto. All Lands 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 folio wing are, examples of the fees payable fojp, fringing land under the provision's of the Laud Transfer Act :—: — 1. When the Title consists of a Grant, dated on or subsequent to the 28th December, 1841, none of the land -• included in which nas been ' dealt with — Where the Certificate of Title is directed to issue in the name of the Applicant : Value of land' £100 - - 0 11 2 Where the Certificate, of Title is directed to issue in' the" name of < the Purchaser : Value of land £100 - - 1 11 2 These charges are increased by 4s 2d • (Assurance Fucid) for every additional' £100 in value. 2. When the Applicant is the original Grantee, and the land has been dealtwith ; or where the Applicant is not the original Grantee : Where the value' of the land is £100 - - - 214 2 Where the value of the land > , is*£2oo - - '-* 3 3 4 Where tHe value of the land is £300 - - - 312 '6 ' Where the value of the land -.-» f £4oO .;"._- - 4 1 8 . Where the value of the land is above £400, the fees increase- at the rate of 4s 2d (Assurance Fund) for every additional £100 in value. These Cliarges 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. Credit for 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 fees (except the Application Fee) 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 be in a position to avail himself of the facilities afforded by having a Registered Title, can do so toithout any "present cost, (except the application fee) by allowing the fees to remain unpaid until such dealing takes place. He will then be in a position to Mortgage, Transfer, Lease, or otherwise deal with his load at a moment's notice. Any Title, however long and complex, may be investigated at a cost to the applicant of only Five Sliillings ; for if the Title is rejected, all fees are returned, with the exception of that amount. Certificates of Title are Absolutely Indefeasible. Under the Old' System of Conveyancing, if ' a single deed is lost, the title is, in many < cases,, rendered absolutely defective, and therefore un*marketable, 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 'exchange a Certificate of Title, a dnplicate of which is retained in the office. If the certificate in the possession of 'the Tegiotered proprietor, is at any time % loBt, or destroyed by fire, &g., a new Certificate is supplied by the Kegistrar at a small cost. All Titles are Guaranteed by tlie Government on all Conveyances by Deed under the old system, the average cost of Registratioii in tlie Deeds ' Registry, over and above the Solicitor's charge, Twenty Shillings, frequently very much more ; while land which has been brought tinder the provisions of the Land Transfer Act can „be ..transferred, at-, a' Total Cost, of Eleven Shillings where a whole sectionals 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 theA^ct, no, matter, what thci value or area of. the land. Under the Regulations in force on ap.d after the Ist January, 1872, the chaise 1 or Certificates of Title issued 'upon Memoranda of Transfer is^-Reduc'ed' 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. ._ ./ /-* TJiest Operations) lnvolve no Delays. The following are some of the advan , tages conferred by the Xand Transfer, system f— ' • • y ,'. 1. It secures the principal benefits and advantages sought -to— be attained in a. system of registration of deeds. „ .. '2. It renders retrospective ' invdstiga-l tions.of' title*l unnecessary' as to all lands registered. „,, 3. It simplifies_tho to real Property for tlie future. j JL Jfc-makestplift'iaihasGT's <H^tlite fee -arfcli 4e&4y-pe'yfeetiy«*eHiW!?: '• * **' ] 5. It ditnpUffe? fid -i&e» utmost possiblej extent the forma of transfer and the modes of conveyance. 6. It increases the saleable- value of land. ' . - - 7. It tends to lower the rate of intereston loans secured on lands.