Page 4 Advertisements Column 4

Grey River Argus, Volume XIV, Issue 1692, 6 January 1874, Page 4

Government : Notice, T A<ND • ;TR AN « P/BiR; m.'A 0 T LANDS ALIENATED or contracted to he alienated- from , -the Qro^njinfee.pr^orfto the comingf into ,operatioi)L ( ,p^ j-'; The Land Transfer Act, 1870, .-may be brought under the provisions of the Act'by application from the persons entitled thereto,. „ _ i All Lands alienated from the Crown after the coming into, operation- of : J" 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 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, 1811, none of the land , included in which . has been dealt with-^ : Where thrxJertificate of title is . directed to f issue iri'the name of •> .".: •the 1 Applicant : Value of land' :: ,£lOO .... .... ;>i V :■• ... £0 11 2 Where the Certificate of title ".isdirected to issue in the nanie of ■ the Purchaser t Value r of : land £100 ■■";.: ■■'' ■■■';■ :;; ! .:: r; UI 10 0 These charges . are increased by 4s 2d i (Assurance Fund) for evejy additional £100 in value. r 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 'land is > .£lOO, •, :]..>,..■■" ...,-, -„-.. „ „.,; £2 14 2 ' Where the value of the land 'is' ' ■• £200 r....) -.... ...•:-..,.. 3 3 ; 4j 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 land is above £400, the fees increase at the rate of 4s 2d (ABsarain\e Fund) for' every! .additional £100 in value, ' y ' These charges also represent the ; cost of Conveying , Land, Inasmuch as applicants to bring land .under i the Act can direct the Certificates of Title to issue in the names of any other persons. Credit for Fees js Given, When desired by the Applicant, in all cases where the ( proprietor applies, to. have* the land registered under the Aod' in his own : name, and the fees may remain unpaid until land is dealt with.: "' . ..-Any. person, therefore, whq wishes to ! bring his land under the provisions r of the Act in order that whenever he deals with 3 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 nnpajd until ; such' dealing takes place, > He yilj. then lie in a position to Mortgage, Transfer, Lease, or otherwise deal with nig land at a moment's notice. ' ' ' : ! ••Any Title, however- long v and. complex, may- be investigated at a cost to the Applicant of i only Five Shillings j 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 pf Conveyancings if a single deed is lost, ;thje i title is in many : cases rendered - : absolutely . .defeetiye, . , and .therefore unmarketable, while 1 in others it cari onlf 'be'iefitrfied at^great^cbsfe' ' Ppraons who bring their land under the r 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, ftp,, a ftew Certificate is supplied by the Registrar at a small poat. . ~'~~~' ALL TITLES /ARE..' GUiiRANTEED BY THE GOVERNMENT/ :;■ ; On all Conveyances by Deed under th^ old system, the cost of Registration in the Registry, over and above 'the /Solicitor's charge, is never less than'iFifteen Shillings, frequently very much more ; while land which has been > brought '. !Under the provisions of ".The ; Land Transfer A.ot'.'rcan be transferred at a Total Cost of, "Eleven* Shillings where a whole section; is (Bonveyed ;< and where only part is conveyed (and therefore a fresh Certificate of Title is necessitated), of Thirty-one Shillings, whioh^iß^ the highest; sum- .allowed by; the AcV, no'niattet what the value or area of the land. Under the, Regulations' in force. 'op and after the Ist .January. 187.2, Ithe.rjharge for v . Certificates of Title issued upon Memoranda' of -Transfer, is Reduced: to , Ten Shillings 1 in aU.cises wherejUie value of the land isWder Ten Pounds. 1 :-;.-—-- The tota} lof > executing a Mortgage or Lease flf laud, registere.d, under the Act, s Twelve Shillings, . rip matter wfeat the amount involved. ' : A Mortgage may' be transferred h or^ dis-l chars;ed, or lease transferred or .surrendered for Five'.'Sh'ulings/'-'"' ' ' '"' '■ '■'■■ ' THESE "OPERATIONS INVOLVE ISO' '■• ( i ••• :■ ••'." 'delays^7T7™ ; : . . The following are some of the advantages conferred by the Land. Transfer system' :-4- '■ 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 . „r registered. „ • .. ., .>.-i;.. ...';., ' 3. It simplifies the Titles to Real Property . for, the future.;. ..:-,.. • \"' • 4. It makes purchasers of the fee andjeases >: perfectly secure,, .. " '<''"' . §. It sJmplJfie.BV to thjp utmost possible ■-„ ti extenj;, the forms of transfer and jflie .■ modes of conveyance. ': ' , ■ " 6. It increases the saleable value of land. . 7 . It tends to lower the rate of interest on ■ :,,.• i loans secured on lands. , j- .. \S.. It gives facilities for .the sale of large ...-.; , estates in allotments. ■_]„. ,' . \ 9. v Transactions be effected at a moment's notice, and at a minimum Of COSt. " ~ " ":.--:-.■■•■- I 10. Frauds in the purchase and sale of land are effectually prevented, because the • f ■' ;■' ' Certificate of Title in the possession' ;'■ i r ' ■: of -I;he Vendor^shows the exaofcepn- ■ ! - 1 ■' Edition of the estate^ i.le.i if the estate be mortgaged, encumbered, or leased.. Meworanda-discloßing'the particulars' of any such transactions affecting the estate are written upon the Certificate ;■ :l ■>■ ■ f\ »-• v :•: >■ ?• ; .•■'■y^ ;.»-.']■ ;--:.1.;T^%:-vi.;o ■.;;■'" | -■•; Lands purchased from the Crown since the coining. into, operation of f* The Land Transfer Act '! cannot be deatt"witti under tHe old ßyst'em. 1 ; : ' ; ! - > '"- >> - i > "r.-.uo ; >m. STRANaE WILLIAMS,' . ;