Page 4 Advertisements Column 5

Grey River Argus, Volume XIV, Issue 1698, 13 January 1874, Page 4

Government Notice. T AN D 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, 1870," 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, 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 2Sth 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 directed to issue in the name of the Purchaser : Value of land £100 1 10 0 These charges are increased by 4s 2d (Assurance Fund) for every additional £100 ha 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 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 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 oi Conveying Land, Inasmuch as applicants to bring land undei the Act can direct the Certificates of Title to.issue hi 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 tierson, therefore, who wishes tc bring his land under the provisions of the Act in order that whenever he deals wit! if he may be in a position to avail himself oj 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 hi 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 Apply cant of only Five Shillings ; for if the Titlt 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 man] cases rendered absolutely defective, anc therefore unmarketable, while in others i can only be lectified at great cost. Person! who bring their land under the Act, sur render all their deeds, and receive in ex change a Certificate of Title, a duplicate o which is retained in the office. If the Cer tificate in the possession of the registera proprietor is at any time lost or destroyec by fire, &c. a new Certificate is supplied bj the Registrar at a small cost. ALL TITLES ARE GUARANTEEI BY THE GOVERNMENT. On all Conveyances by Deed under thi old system, the cost of Registration in thi Deeds Registry, over and above the Soli citor's charge, is never less tkan Fifteei Shillings, frequently very much more ; whili land which has been brought under thi provisions of "The Land Transfer Act" cai be transferred at a Total Cost of Elevei Shillings where a whole section is conveyed and where only part is conveyed (and there fore a fresh Certificate of Title is necessi tated), of Thirty-one Shillings, which is th highest sum allowed by the Act, no matte what the value, or area of the land. Under the Regulations in force on an< after the Ist January, 1872, the charge fo Certificates of Title issued upon Memorandi of Transfer is .Reduced to Ten Shillings ii all cases where the value of the land is uude Ten Pounds. The total cost of executing a Mortgagi or Lease of land, registered under the Act s Twelve Shillings, no matter what thi amount involved. A Mortgage may be transferred or dis charged, or lease transferred or surrenderee for Five Shillings. THESE OPERATIONS 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 inveotigations 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 land. 7. It tends to lower the rate of interest on Joans secured on lands. S. 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, ie., if the estate be mortgaged, encumbered, or leased. Memoranda disclosing the particularn of any such transactions affecting the estate 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,