Page 4 Advertisements Column 2

Grey River Argus, Volume XIII, Issue 1655, 24 November 1873, Page 4

(Xt»\ emmf ui i\otice, T AND TRANSFER ACT LANDS ALIENATED or contracted to oe alienated from the Crown in fee prior to che cooiing into operation of " The Land i ransfcr Act, 1870," may be brought under •he provisions of the Act by application from he persons entitled thereto. All Lands alienated from the Crown after he coming into operation of "The Lauo hauafer Act, 1870," are subject to, and must be dealt with, in manner prescribed by cue Act. The following are examples of the fee, •ayable 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 2Sch December, 1841, none of the laud included in which has been dealt with— Where the Certificate of title is directed to issue in the name of the Applicant : \ alue 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 10 0 l'hese charges are increased by 43 2<l (Assurance Fund) for every additional £lUO in value. 2. When the Applicant is the original Grantee, and the land has been dealt with ; or where the .Applicant is not the. wrigiual Grantee— Where the value of the land is £M 0 ... £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 V\here the value o! land is above £400, the fees increase at the rate of 4s 2il (*Bsuranfie for every additional £100 in value. These charges also represent the cost of Conveying Land, Inasmuch as applicants to bring land undet 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 al? 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 d<-als with if 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* 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 lectified at great cost. Persons who bring their land vroder the Act, aur render all their deeds, and receive iv cxv.l ange a Certificate of Title, a duplicate of which is retained in the office. If the CertiHcate in the possession of the registered proprietor is at any time lost or destroyed by fire, &c. a new Certificate is supplied > j the Registrar at a small cost. ALL TITLES ARE GUARANTEED BF THE GOVERNMENT. On all Conveyances by Deed under the oH system, the cost of Registration in the Deeds Be«ißtry, 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 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 Ten Shillings in all cases where the value of the land is under Ten Pounds. , The total nost of executing a Mortgage or Lease of land, registered under the Act, s Twelve Shillings, no matter what the amount involved. A Mortgage may be transferred or diser.&TEtd, w lease transferred or surrendered for Five Shulings. THESE OPERATIONS INVOLVE NO DELAYS. The following are some of the advantages conferred hy 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 o* 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. i 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. It tends to lower the rate of interest on loans secured on hinds. *. 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. 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, is., if the estate be mortgaged, encumbi red, or leased. Memoranda disclosing the particulars of any such transactions affecting the eßtate are written upon the Certificate of Title. . Lands purchased from the Crown since the coming into operation of "The Land Transfer Act" cannot be dealt with under the old system. JOSHUA STRANGE WILLIAMS, RegistiM-General of Lands,