Page 4 Advertisements Column 3

Grey River Argus, Volume XIV, Issue 1693, 7 January 1874, Page 4

government IVotice. T ! AN D TRANSFER k AC T LANDS: iALIENATED or' contracted to be alienated from the Crown in fee prior to the' coming 'into operation. . bf ,-f\ The i Land Transfer Act; 1870j" may be under the provisions of the Act by application, from the persons' entitled; thereto.' )' . ; :i '■ AIL Lands alienated ■■ from the' Crown after the coming into - operation of "The Land Transfer Act, - 1870,^' are subject to, . and must be dealt with, in manner prescribed by the Act. i;?wi -..->.. :"•' The following are examples of the fee, payable for bringing the land under the provisions of the Land Transfer Act :— I.' When' the Title'- consists of a 1 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£loo ... ... ... .... £0 11 2 Where. : the Certificate of title is : directed to issue in the name of the Purchaser ":' Value of land £100 ... ■ .;. M. ... :I 10 0 These charges are .increased by -,4s 2d (Assurance Fund) for every additional £100 in value. ., 2. When- 1 the Appiicant 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 . £ioo ! v.. ' ;■; ; ..,' n:;-£2 14" 2 Where the value of the land is t £200/' ... ...- .;; ; ... 33 4 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 ali 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, tp . have the land registered under the Act 'in his own came, unA the fees may remain unpaid until land is dealt with. . Any person, therefore, who, wishes to bring his land under the 'provisions I 'of 'the Act in order that whenever he deals 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 uutil /Ruch dealing takes place.- He willthenbe 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 cos.t to the Appli- ' cant of only Five Shillings ; for, if , the Title is rejected all fees ■ are. returned, with the exception of that amount. CERTIFICATES OF TITLE ARE • : .•; f - ■.'.' >: ■ : f ■ ?•;• •:.'■[ y ; . ■-■■; . 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 'ihotherai it can only beiectifiedat great" 'cos'i;;- Persons who bring their land under .the ! Act;- surrender all their deeds, and receive-in-ex-' orange 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 . GJTAfeANTEED ■"• ' : . : , ■BY THE GOyjSRNMENT. v 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'TherLand Transfer Act" can be transferred at a Total Cost ofi Ele\en Shillings where a whole section is conveyed ; and where only part is conveyed (and therefore a fresh Certificate of .Title is.necessioi Thirty-one Shillings,-: which l is ? the highest sum allowed , by the Act, ho matter what the value or area of the land. . • f 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 ¥TM6rtgage or Lease of land, registered under the Act, s l'welve Shillings, no matter what the 'amount involved. . ! A. Mortgage may be transferred or discharged, or lease transferred bf surrendered for Five Shillings; < THESE OPERATIONS INVOLVE NO delays. 1 :;,::' ' ' 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 ..'. , . rißgißtere4. , ','.-.. 1 , 3, It simplifies the Titles tp RealPrpperty for the future. " J " '" ■'■'■'■■'' 4 It makes purchasers of the fee and leases perfectly secure. ; "5. . It ; simpUfieß, to the utmost* possible extent, the forms of transfer and the . modes of .conveyance.. „, "' • G. It increases the saleable value of land. 7.., It tends to lower the rateof interes.t oii Ipans' secured on lands. .' ! t 8. It giveSj facilities for the ' sale of .large ' '' '" estates in allotments. s "'"' . ; , '", • -O^.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 litle in, the .ppssession- •'■' ' ' "of 'the Vendor 1 shbws' the exact condition of the estate, i.e., if the estate . be mortgaged, encumbered, or leased; i,.,. -Mempranda disclosing the particulars of any such.transactiqns affecting the estate are written up6ri thVCertincate r.-i.;i.U:Of Title;' :'!•:..-/ ; ,- --1 Lands ; purch'aßed from the Cfdwni since the coming, into operation. of „•• The' Land' Tfanflfer .Act " cannot -be dealt v with under 1 : the old system. ;, -■■■ JOSHUA STRANGE WILLIAMS, 1 ;