Page 4 Advertisements Column 6

Press, Volume XIX, Issue 2817, 13 May 1872, Page 4

Miscellaneotis. LAND TRANSFER ACT. LANDS ALIENATED or contracted to be alienated from the Crown in fee, prior to the coming into operation of " The Land Transfer Act, 1870," may be brought uudei 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 suoject to, aud must be dealt with in manner prescribed by the Act. Tho following are examples of the few ', payable for bringing land under the provisions of the Land Transfer Act: — 1. When the Title consists of a Grant . dated on or subsequent to the 28th Decern' ber, 1841, none of the land included in which has been dealt with— £ b. d Where the Certificate of Title ! is directed to issue io-the name of the Applicant : V'Jueof land, £100 ... Oil 5 ' Where the Certificate of Title is directed to issue in the name of the Purchaser: , Value of land £100 ... 111 ' These charges are increased by 4s 2d (As surance Fund) for every additional £100 ii i value. 2. When the applicant is the origina ' grantee, and the land has been dealt with or where the applicant is not the origina [ grantee — Where the value of the land is £100 2 14 ! Where the value of the land is \ £200 3 3 < 5 Where the value of the land is [ £300 3 12 i ■ Where the value of the land is . 1 £400 4 11 '. Where the value of the land is above £40! the fees increase at the rate of 4s 2d (Assu » ranee Fund; for every additional £100 h : value. These charges also represent the cost o ' conveying land, inasmuch as applicants t " bring land under the Act can direct the Cer I tificates of Title to issue in the names of an; I other persons. 1 Credit for fees is given when desired b; 1 the applicant, in all cases where the proprie > tor applies to have the land register© under the Act in his own name, and th f fees may remain unpaid until the land i dealt with. Any person, therefore, who wishes to brin, his land under the provisions of the Act, ii order that whenever he deals with it he ma, be in a position to avail himself of the faci 1 lities afforded by having a registered tith can do so without any present cost, by allow £ ing the fees to remain unpaid until sue 7 dealing takes place. He will then be in f position to mortgage, transfer, lease, or othej wise deal with his land at a moment's notic< Any title, however long and complex, ma; be investigated at a cost to the applicant c only ss, for if the title is rejected, all fee are returned, with the exception of tha : amount. CERTIFICATES OF TITLE ARE ABSC . LUTELY INDEFEASIBLE. Under the old system of conveyancing if a single deed is lost, the title is i many cases rendered absolutely defectiv< and therefore unmarketable, while in other it can only be rectified at great cost. Pel l, sons who bring their land under the Act, am render all their deeds, and receive in ea change a certificate of title, a duplicate c J which is retained in the office. If the certi ficate in the possession of the registered pre prietor is at any time lost, or destroyed b, fire, &c, a new certificate s supplied by th Registrar at a small cost. ALL TITLES ARE GUARANTEED THE GOVERNMENT. On all Conveyances by Deed under the oli system, the cost of Registration in the Deed Registry, over and above the Solicitor' 1 charge, is never less than 15s, frequent! very much more; while land whicl has been brought under the pic t visions of the Land Transfer Ac can be transferred at a total cost of 11 where a whole section is conveyed; am where only part is conveyed (and therefore Fresh Certificate of Title necessitated), o "» 31s, which is the highest sum allowed by th Act, no matter what the value or area of th . land. t Under the Regulations in force on an< ~ after the Ist January, 1872, the charge fo: Certificates of Title issued upon Memoranda of Transfer is reduced to 10s in all casei where the value of the land is under £10. if The total cost of executing a Mortgage cv - Lease of Land registered under the Act it 1 12s no matter what the amount involved. A mortgage may be transferred or dis- ' charged; or a Lease transferred or surrendered for ss. THESE OPERATIONS INVOLVE a NO DELAYS. 1 The following are some of the advantages r conferred by thje Land Transfer 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 I for the future. 4. It makes purchasers of the fee and leases perfectly secure. 5. It simplifies to the utmost possible ex--1 tent the forms of transfer and the modes ol 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 giyes facilities for the sale of large estates in allotments. Transactions can be effected at a moment's notice, and at a minimum of cost. 10. 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 tlie estate be mortgaged, encnmberecL, or leased. Memoranda disclosing the particmmofwuohtMMfaAAijiiifi estate are wntten upon the Certificate of Title. The fees chargeable by the several District Land Registrars shall be as follows ;— & B. a. For bringing land, under the provisions of the Act :— When the title consists of a grant dated on or subsequent to the 28th December, 1841, and none of the land included therein has been dealt with ... 0 2 0 When the title is of any other description, and the value exceeds £300 ... .'.. i o 0 When the title is of any other description, and the value exceeds £200 and does not exceed £300 0 15 0 When the title is of any other description, and the value exceeds £100 and does not exceed £200 0 10 0 When the title is of any other description, and the value does not exceed £100 ... 0 5 0 Contribution to Assurance Fund upon first bringing land under this Act, and upon the registration of m estate