Page 4 Advertisements Column 3

Grey River Argus, Volume XIII, Issue 1633, 29 October 1873, Page 4

Government Notice, T AND 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, 1670," may be brought 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, 1871)," are subject to, and must be dealt with, in manner prescribed by the Act; The following are examples of the 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 the 28th December, 1841, none of the land included in which has 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 i ' directed to issue in the name of the Purchaser ; Value of land £100 ... ... ... ...... 110 0 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 — Where the value of the load is £100 , ... ... £2 14 2 Where the value of the land is £200 ... ... ;.. ... 3 3 4 Where the value of the land is . £300 ; ... ... ... ... 312 6 Where the value of the land is £400 ... ... ... ;.. : 4 1 S Where the value of land is above £400, the fees increase at. the rate of 4s 2d (Assurance 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 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 if he may be in a position to avail hiiriself of the facilities affqrded 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, 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 is supplied by the Registrar; at a small cost. ALL TITLES ARE GUARANTEED BST 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 has been brought under the provisions of " 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 matterwhat 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 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, s l'welye Shillings, no matter what the amount involved. - • >, A Mortgage may be transferred or discharged, or lease transferred or surrendered for Five Shillings.: ; THESE: OPERATIONS INVOLVE NO DELAYS. s „-,. 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 : ■'" j system of registration of deeds. 2. It renders retrospective investigations of title unnecessary as to all lands: registered. J '„„.? .f.£ 3. It simplifies the Titles to Reaf Property • for the future. ~ ; 4.- It makes,purchasers of the fee and leases 1 perfectly secure . 5. It simplifies, to the utmost possible ;i ; ■ ; ; ' extent,- the forms of transfer and the modes of conveyance. 6. It increases the saleable value of land. . 7. Ife tends to lower.the rate, of interest on ' : " 16'afts secured on lands. : ' •■ B.>>lt gives facilities! for; the sale of large estates in allotments. *■ 9. Transactions can be effected at a ;,.,;. moment's -notice, arid at ; a ; minimum of cost., .-• \ 10. Prauds in ihe purchase and sale of landf "' are effectually prevented, because the; Certificate of in ' the possession' ■•■■,.: ■': of the Vendor shows the exact con- . .'..,:, dition. 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., ■;. ! ;-r :■ :,- -■=..:■ . ' Lands purchased from the Crown since the coming into operation of "The Land Transfer Act" cannot be dealt with under ,the pldjßystem.S' j"; : . . ; JOSHUA; iST-RANGE WILLIAMS, < Registrar-General of Lands, ' ; \MvVr