Page 4 Advertisements Column 4

Grey River Argus, Volume XIV, Issue 1707, 23 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. ' J '„■',,. All Lands alienated from the. Crowa j&fter the coming into operation ; of 1' 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 laud under the provisions of the Land Transfer Act 'r^ '.;. .,, 1. When the' Title consists of a; Grant, ■ dated on or subsequent* tO'the&Sth 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 £ipo .. ... ..:,, ... ;.,..,:.' ' iio o These charges are increased' by 4s 2d (Assurance Fund) ' for every additional £100 in valued | 2. When the Applicant "is 'the original •Grantee, and the, land has been, dealt with; ;or where the Applicant; is. not the uriginal Grantee— s^ ' Where the 1 value- of the- land is :.- --£IOO £2 14 2' Where the value of the land is ,:■ £200 „.!:...',. :<::. :.....;,,;. 3..,3- !4 Where ; the value of. the.land'isf: ; i ■ £300 ... ..:.,:. „v' _.;3:12 6 Where the value of the land is - £400: :, .:f... ,:,;., ; „,, j. .!;„;[ -..$• I 8 :Where'ithe value of .land : is above; £400,. .the fees 'increase:, at the ; |rate .of. 4s ! 2d (Assurance, .^und) fop . every additional ' £100, in value. ■>-. „;--,: i. , : •■" These charges also represent the cost of „ . Conveying Land, Inasmuch as applicants tb. bring land .under ' the Act' can direct the; Certificates of Title to issue in the names of any other persons, -„ -.-. . Predi't ,for Feesis^Giveh, 1 ' ' i ',- When desired by the Applicant, in all cases where the 1 ? proprietor applies to have the landwtegistered under the Act in his own name, and the fees may remain unpaid until land is. dealt with. •• v r.'ii '•■ Any person, therefore, who wishls ito 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 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 placed He will then be in a position to Mortgage, Transfer, Lease, or otherwise deaFwith his land at a moment's notice. : Auy> Title, however long and ;c6mplex, : may be investigated at a cost to the Applicant of only Five Shillings ; for if the-Title is rejected all. fees are returned^ wifii thia .exception of that amount. ' .»''.* CERTIFICA.TES OF TITLE ARE , ABSOLUTELY INDEFEASIBLE. ' . ; Under the old system of Conveyancing^ if a single deed is lost, the .title is in many cases tflndered ; • , absolutely ; defective, and therefore unmarketable, while in others it cab only b£ lectified at great cost, pprsons who bring, their land under the Acti surrender all their deeds, and receive in exeha.nge.a Certificate -of Title, a duplicate of which is retained in the office. If the Cer,r tificate ,in. the 'possession of the registered proprietor is at any 1 time lost or destroyed by firei &o.\ anew Certificate /is supplied by the Registrar at a small cost.: j ! : . •■■:■>:•■•■,•...: !,;.) A r \ : , . ; „,, : ■ ...,, i . ALL .TITLES . ARE . GUARANTEE!] v jB?- THE GOyERNMENT. On all Conveyances by Deed under th« old system, the cost of Registration in tht 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" car be transferred at a Total^Cost of Eleven Shillings where a whole section is conveyed arid where only part iis conveyed: (and therefore a fresh Certificate of Title is necessitated), of Thirty-one Shillings, which is the highest sura allowed by the Act, no mattei what the value or area of the'land. . ':". ... Under the Regulations in force on and after the Ist January,, 18.72| ' the, charge foi Certificates of Title issued upqn Memoranda of Transfer is Reduced to. Ten; . Shillings iti all cases where the .value of tlie land is 'undei Ten Pounds;,-' ;'.■ , ! V, r p! .'; .'/'- '■"'' The total cost of executing a Mortgage or Lease of land, registered under the Act, s I'welve Shilling Si-no matter what thi amount involved. , • A Mortgage' may be transferred or discharged, or : : lease t wsf erred or surrendered for Five Shillings, ;' , „ ; THESE OPMATIONS ; u INVOLVE $0 DELAYS. r^ The following are. some of; th,e • .advantages conferred, by the Land Trapsfer system : — 1. It secures the principal benefits and advantages sought to fee attained in a ■system of registration of deeds. : 2. Jt renders retrospective, inyeatigation of title unnecessary .as to all land registered. '" ' •• 3. It. simplifies .'the Titles to Rgal Property ...for the future. 4. It makes purchasers of the fee and leases : ::: perfectly secure. 5., It simpliSes,, to the utmost possible , ( . 1 .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 oil ■ „', loans secured on lands. - ' ! 5. 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 con- ;,-;/■; dition of the estate, i,e,, if the estate ' be mortgaged, encumbered, or lpased. ■ Memoranda disclosing the particulars i ; '.. jof any .such, transactions affecting tie' . estate are written upon the Certificate 1 ' •'■'_' of Title.'' ''•' •'•■■• : -'^v.Land's purchased' from' the Crown sinoe the coming int9 operation of I ; '} The Land Transfer Act " cannot be dealt with under 'the old system. „- . . .;• j JOSHCJA STJRANGE WILLIAMS,