Page 4 Advertisements Column 5

Press, Volume XXI, Issue 2490, 29 July 1873, Page 4

Public Notices. LAND TRANSFER ACT. TANDS ALIENATED 01 contr icted to be J alienated from the Crow.l d fee, prior to the cuming into operation o "The Land Tftiuaiei Act, 1870," may be brought undea? 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, and must be dealt with in manner prescribed by the Act. Tho following are examples of the fees 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 December, 1841, none of the land ncluded in which iuko been dealt with.— £ b. d. Where the Certificate of Title is directed to issue in the name of the Applicant : Value of land, £100 ... 011 2 Where the Certificate of Title is directed to issue in the name of the Purchaser: Value of land £100 ... 1112 These charges are increased by 4s 2d (Assurance Fund) for every additional £100 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— £ 8. d. Where the value of the land is £100 2 14 2 Where the value of the land 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 18 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 charges 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 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 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 os, 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 unmarketable, 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 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 3 supplied by the Registrar at a small cost. ALL 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 15s, frequently very much more; while land which has been brought under the provisions the Land Transfer Act can be transferred at a total cost of 11s where a whole section is conveyed; and where only part s coi veyed (and therefore a Fresh Certificate of Title necessitated), of 31s, which is the highest sum allowed by the Act, 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 upon Memoranda of Transfer is reduced to 10s in all cases where the v&lne of the land i%under £10. The tota cost of executing a Mortgage or Lease of Land registered under the Act is 12s no matter what the amount involved, A mortgage may be transferred or discharged ; or a Lease transferred oi surrendered for ss. THESE QPEBATIOJS INVOLVE NO DELAYS. The following are some of the advantages conferred by the 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 for the future. 4. It makes 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 lan d. 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. Transactions can be effected at a moment's notice, and at a minimum of cost, The fees chargeable by the several District Land Registrars shall be as follows :— . v . ' *c. d. 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 10 0 When the title is of any other description, and the value exceeds £200 and dees not exceed £300 0 15 When the title is of any other description, and the value exceeds £100 and does not exceed £200 0 10 When the title is of any other description, and the value does not exceed £100 ... 0 f 0 Contribution to Assurance Fund upon first bringing land under this Act, and upon the Tt»ciKfcr»tioTi of an eetata of freehold in possession derived by settlement, will, or intestacy—in the pound sterling 0 0 7j Other Fees :— For every application to bring land under the Act ... 0 5 For certificate of title where the same i a issued in the name of any applicant gra&tee ~ «. m Hil