Page 4 Advertisements Column 4

Grey River Argus, Volume XIV, Issue 1710, 27 January 1874, Page 4

GoTernment 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 Actj 1870," Wy be' brought under: the provisions of the Act by application from the persons entitled thereto. All Lands alienated from the Crown after the coming intp r 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 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 £100 ... £0 11/2 Where the Certificate of title is directed to issuein the name of* the Purchaser : Value of land £100. ... „i. . ... ... 110 0 These charges are r increased by 4s 2d (Assurance Fund)' for every additional £100 in value. I - 1 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 :£IOO. t wr. .;-.. y , „.., £2 14 .% Where the value of the land is £200 ■;'.. ... ... ■•■■.'.; 33 4 Where the value of the land is £300 ... „: :.; J ... 3 12 6 Where' the value of the; land is"; \r. , : £4oo' .■:-.,,. ,;.., ..... ,:;... 4 1 8 Where, the value of land" is above £400, , the fees' increase at the fate of 4s 2d (A-ssuranne 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 1 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 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 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 ; place,. He; will then' be 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 cost to the Applicant of only Five Shillings ; for if the Title : is rejected all fees are. returned, with the'i 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 tectified at great cost. Person^ .'who bring their land under the 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, &c. a new Certificate is supplied by the Registrar at a small cost. ' . ; ALL; TITLES ARE .GUARANTEED , . BYTHE GOYEIINMENT. ; „ ' On all ' Conveyances by Deed under the old system, the cost of Registration in the Deeds Registry, over and above the Soli--citor's charge, is never less than Fifteen ShillingSi 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 cost of executing a Mortgage oi Lease of land, registered under the Act, s Twelve Shillings, no matter what the amount involved. • . : • . A Mortgage may. be transferred or discharged, or . lease transferred or surrendered for Five Shillings. these . pPEßATioNs! lnvolve no DELAYS.The following are/some; .of the advantages conferred .by the Land Transfer, system -rr-! - 1. It secures the principal benefits and advantages sought to be attained iria 1 ■ " . system of registration of deedsi' J ' 2. It renders retrospective investigation '" oi title urinecessary.'.as to all land .. registered.; , .-—.— _ 3. It simplifies the Titles to Real Property •for. the future. ■ ----- perfectly Becure. 1 ; ; '. 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 pa loans secured on lands. ' ■''■■" ' 8. It gives, facilities for the Bale of large, estates in allotments. ■ ! " "'" .9. Transactions can ' be effected at a moment's notice, and at a minimum; of cost. '■'''■'■' ■ : ' J " J '" ' 10. Frauds in the purchase and sale of land j are effectually prevented , because the Certificate of Title mi the possession of the Vendor shows the exact con-, dition of the estate, i.e.,: if the estate :; '• be mortgaged, , encumbered, or leased. Memoranda disclosing the particulars oi any such transactions affecting the '■'•' estate are written upon the Certificate ■- ' : Of Title.'/j' ■■■>■ . ■:-. :;} I .-% „ -Lands purchased. from the Crown since the, coming into, operation, of "The Land Transfer Act » , cannot : be dealt 'with under the old system. ... JOSHOA STRANGE wiILUAMS,