Page 4 Advertisements Column 5

Grey River Argus, Volume XIV, Issue 1726, 18 February 1874, Page 4

Government Notice. T AND 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. v The following are examples of the fee, payable for bringing the land under the pro* visions 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 issue in the name of / the Purchaser : Value of land £100 1 10 'o These charges are increased by 4s f2d (Assurance .Fund) for every additio- oal £100 in value. 2. When the Applicant is the or? gi na l Grantee, and the land has been dealt with ; or where the Applicant j 8 no t the original Grantee — Where the value of the land is £100 ... £ 2 14 S Where the value of the land w £200 3 3 4 Where the value of the land " \L £300 • 312 ( Where the value of the lanf i'j» £400 ... 4 1| Where the value of land i s above £400 the fees increase at th' c rate o f 4 8 2< (Assurance *W) for every additiona £100 in value. These charges also rep resent t h e coßt 0 Conveying Land> Inasmuch as app iicantr ,to bri ng land unde the Act can diueot t Qe Certificates of Titl to lßsue in the n ames o f any o ther persons. Credits for fees is Given, When desired by ' tne Applicant, in all case where the ppropr- e tor applies to have th land registered! v n der the Act in his owi name, and the fee i 8 may re main unpaid unti land is dea.lt / Any person, therefore, who wishes t bring his land ' an der the provisions of th Act in order^ tJ ia t whenever he deals wit if he may be in a position to avail himself c the facilities at fo r d e d by having a Registere Title, can do c 0 Without Any Present Cos! by allowing tl , c f ees to remain unpaid unt: such dealing takes p ] acet He will then b in a positioi t0 Mortgage, Transfer, Lease or otherwise deal with his land at a moment 1 notice. Any Tit! 6j however long and complex may be in- /e stigated at a cost to the Appl: cant of on! y Yive Shillings ; for if the Titl is rejectee .a u f eeß are returned, with th exception o f that amount. CERTI? <?ICATES OF TITLE AR] ABS OLUTELY INDEFEASIBLE. Undei . the old system of Conveyancing if a sin? lei c deed is lost, the title is in man; ca6es ? nndered absolutely defective, an thereto re unmarketable, while in others i can en! yDe rectified at great cost. Person who t ir i n g their land under the Act, sui rendei / all their deeds, and receive in ex ohang c a Certificate of Title, a duplicate c whict i s retained in the office. If the Cci tinea' , c i n the possession of the registerb prop? ietor is at any time lost or destroyei by ft :e, &c, a new Certificate is supplied b; the I legistrar at a small cost. ALT , TITLES ARE GUARANTEEI BY THE GOVERNMENT. 0 n all Conveyances by Deed under th old- system, the cost of Registration in th Del .ds Registry, over and above the Sou citj >r'B charge, is never less than Fifteei Shi llings, frequently very much more j whil lar d which has been brought under th pri (visions of " The Land Transfer Act " cai be transferred at a Total Cost of Eleve Si illings where a whole section is conveyed an d where only part is conveyed (and there foj -c a fresh Certificate of Title is necessi ta ted), of Thirty-one Shillings, which is th hi sum allowed by the Act, no matte w! iat the value or area of the land. Under the Regulations in force on ant af fcer the Ist January. 1872, the charge fo Ci srtificates of Title issued upon Memorand of Transfer is Reduced to Ten Shillings ii at I cases where the value of the land is unde T( m Pounds. The total cost of executing a Mortgage or j Lease of land, registered under the Act, s , l'welye Shillings, no matter what the an lount involved.. A Mortgage m;iy be transferred or dis* eh arged, or lease> trannferred or surrendered foi • Five Shillings. TI TESE OPERATIONS'. INVOLVE NO , ! DELAY^. ! \ rhe following are some o;? the advantages on ferred by the Land" Trans fer system :— ] I. It secures the princip al benefits and ! advantages sought to \ be attained in a '■■ system of registration ; % of deeds. ' \lt renders retrospective ! inveaWgation of title unnecessary aa to all land registered. i '. It simplifies the Titles to Rt >al Pro^rty for the future. 4, .It makes purchasers of the fee a: ud leaa es | 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 o. E land. 7« •" tends to lower the rate of intt irest on loans secured on lands. \ ! 5. It gives facilities for the sale c i large estates in allotments. 9. Transactions can be effected iat a moment's notice, and at a mi bimum of cost. i 10. Frauds in the purchase and sale < if land are effectually prevented, beca: ase the Certificata of Title in the posi lessioii of the Vendor shows the exit jtcondition of the estate, ».e., if the esta te be mortgaged, encumbered, or 1 easfjd. Memoranda disclosing the parti puf am \ of any such transactions affectir \g- the c Btatea rewril;tenupontheCerti § f fe oi ' ntle. ' • "~~~ ' ■' Lands p\ xrchased from the Crown » i nC c the coming into operation o l "The J J& nd Transfer Ac c (tonnot V J dealt with « jider the old system a. JOSHUA WILUAJf IS,