Page 4 Advertisements Column 7

Tuapeka Times, Volume VIII, Issue 437, 24 February 1875, Page 4

-r~ ■"- — * ftand— Transfer Acfc — r 1 AND 'TRANSFER ACT. Jj . r- , LANDS ALIENATED r or contracted to be alienated from ttfe, Ciwrn, ia. fee prior to the coming into operation d£ 'f The Land Transfer Act, 1870, ?J maybe brought under the provisions of the Act .by/ application from the persons entitled thergto. All Lands alienated from the ; CrflV n after the coming into operation of ' <ir .The Land Transfer Act, 1870," are subject to, and must be dealt with, in manner .prescribed by the Act. , :, " ',•'/■ The following are . examples of the, ; payable for bringing the land underline / provisions o^iihe Land Transfer Act :^ 1. When the Title consists of a Grant, dated on or subsequent to the 28th December, 1871, none of the .land I • included in which has been dealt \ \ . '„ .with — , 'Where the Certificate of Title „ ! • is directed to, issue in the , . 'J -. name of the Applicant: " , ," . . . tfalue of land £100 - -£0 Xf. ; 2 . Where^he Certificate of Title, _''\ r\ , is directed to issue in the . ', ,;, „; name ,of the c Eurchaser : „,..-, Value of land £100 - - X 10-^O .These charges are increased by 4s. 2d. (Assurance Fund) for every additional £100 iv value. , „"'._*' , 2. \^hen the,. Applicant is ,the original ' Grantee, and the land has been dealt „ with , ;, or w here the Applicant iju?t the, original Grantee — Where the^v'alue of the land is . „ £100 : - - -£2 U £ Where the value of the band is £200 , - - - - 3 3 4 Where the value of the land is . £300 .... 3 12 ,6 Where the value of the land is £400 - - - - 4 1 8 Where the value of the land is above . £400, the fejas increase at the of 4s. 2d. (Assurance Fund) for every additional £100 iv value. „ These charges also represent, the cost of CONVEYING LMD, f , Inasmuch as applicants to bring- land under the Act ,can .direct the Certificates .of Title ,to issue in ,the names of any other person. - •• • Credit for Fees is Given, When desired by the Applicant,- in a^l cases where the?proprietorappli&?to have the land registered under the .Act in his own name,. .and the ices may remain ■unpaid until 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 Without Any .Present Cost, 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 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 .Title is rejected all fees are returned, wi£h 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 unmarketable-, white * n others it can onljr, be rectified at great Boost. -Persons- who bring their land undef the Act, surrender all their deeds, and . receive in exchange a Certificate of Title,- a duplicate of which is retained in the office*. If the Certificate in the possession of the registered proprietor is at any time lost or destroyed by fire &c, a new Certificate is supplied, by the Registrar at a small cost. UIL TITLES ARE GUARANTEED BY 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 whichhas been brought under the provisions of " The Land Transfer Act 5 ' can be transferred at a Total Cost of Eleven Shillings where a whole section is conveyed (and therefore a fresh Certificate of Title is necessitated) for Thirty-one Shillings, which is the highest sum allowed by the Act, v no matter what the value or area of the land. Under the regulations in force on and after the Ist January, 1872, the charge for Certificates of Title issued^jpon Memoranda of Transfer is Reduced to Ten Shillings in all cases where thevalne of the land is under Ten Pounds. • . ' The total cost of executing a Mortgage or • Lease of land, registered under the Act 1 ; 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 Transfer system : — . • ••. I. It secures the principal benefits and advantages sought to be attained in a system of' registration of deeds'. "' 2: It renders retrospective investigation ■"' ' of- title unnecessary as to all' land ; registered. ' ' ' 3. It simplifies the Titles of Real Property for the future. ' 4. It make 3 purchasers of the fee and leases 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 rate of interest on loans secured on lands. - 8. It gives facilities for the sale of large estates in allotments. 9. Transactions can be effected at a moment's notice, and at a minimum ( ' of cost. 1 0. Frauds in the purchase and sale of land are effectually prevented, because the Certificate of Title in the possession of the Vendor shows the exact condition of the estate, i.e., if the estate be' mortgaged, encumbered, or leased. „ Memoranda disclosing the particulars of any such transactions affecting the estate are written upon the Certificate of Title. Lands purchased from the Crown Bince the coming into operation of *' The Land Transfer Act " cannot be dealt wiih under the old system. T^>:; f