Page 4 Advertisements Column 6

Grey River Argus, Volume XIV, Issue 1737, 27 February 1874, Page 4

Government Notice, LAND TRANSFER ACT . LANDS ALIENATED or contracted tc . be alienated from the Crown in fee prior tc the coming into operation of "The Land Transfer Act, 1570," may be brought unHei the provisions of the Act by application froir the persons entitled thereto. All Lands alienated from the Crown aftei the coming into operation of "The Lane Transfer Act, 1870," are subject to, and must be dealt with, in manner prescribed bj the Act. 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 28tl December, 1841, none of the lane included in which has been deali with — Where the Certificate of title is directed to issue in the name of tke Applicant : Value of land £100 i ... £0 11 ! Where the Certificate of title is directed to issue in the name of the Purchaser : Value of land £100, ... •... 110 1 These charges are increased by 4s 2< (Assurance Fund) for every additiona £100 in value. 2. When the Applicant is the origina Grantee, aud the laud Las been deal with^ or where the Applicant is no the original Grantee — Where the value of the land is £100 , £2 14 Where the value of the land i 3 £200 3 3 Where the value of the land is £300 3 12 ' Where the value of the land iff £400 ..4 1 Where the value of land is above £4Q( the fees increase at the rate of 4s 2 (Assurance 'fund) for every addition! £100. in value; Theso charge also represent the cost < < »nveying Land, Inasmuch as • »pli(iants to l,ring land unfit the Act can -lirect the Certificates of Tit,] to issue in the names of any other persons. Credit for Fees is Given, When desired by the Applicant, in all casi where the proprietor applies to have tl: land registered under the Act in his ov> name, and the fees may remain unpaid uut land is dealt with. Any Derson, therefore,' who wishes 1 bring his land under the provisions of tl Act in order' that whenever he di-als 'vil if he may be in a position to avail himself the facilities afforded by having a Register* Title, can do, so Without Any Present Cos • by allowing the fees to remain unpaid unt such dealing takes place. He will then 1 c in a position to Mortgage, Transfer, Leaa or otherwise deal with his land at a moment • notice. Any Title, however long and comple: 3 may be investigated at a cost to the App I cant of only Five Shillin<js ; for if the Tit ' is rejected all fees are returned, /with ti exception of that amount. t CERTIFICATE^ OF TITLE All (, ABSOLUTELY INDEFEASIBLE. Under the old system of Conveyanciuj 1 if a singln deed is lost, the title is in man * cases rendered absolutely defective, an therefore unmarketable, while in others can only be tectified at great cost. Pfrscn who bring their land under the Act, su render all their deeds, and receive in c: • c} anjie a Certificate of Title, a duplicate < which is retained in the office. If the Cc tit'eate in the possession of the registere proprietor is at any time lost or destroye • by fire. &c. a new Certificate is supplied b the Registrar at a small cost. ALL TITLES ARE GUARANTEE] BY THE GOVERNMENT. On all Conveyances by Deed under th old system, the coat of Registration iv tb 1 Deeds Registry, over and above the Sol citor's charge, is never less tkan Fiftee Shillings, frequently very much more ; whil land which has been brought under th , provisions of u The Land Transfer Act" ca be transferred at a Total Cost of Eleve Shillings where a whole section is conveyed and where only part is conveyed (and there fore a fresh Certificate of Title is necessi 1 tated), of Thirty-one Shillings, which is th highest siim allowed by the Act, no matte what the value or area of the land. Under the Regulations in force on ani after the Ist January. 1872, the charge fo Certificates of Title issued upon Memorand of Transfer is Reduced to Ten Shillings ii all cases where the value of the land is unde Ten Pounds . The total oost of executing a Mortgag or Lease of land, registered under the Act s l'welve Shillings, no matter what thamount involved. A Mortgage may be transferred or dis charged, or lease transferred or surrenders for Five Shillings. THESE OPERATIONS INVOLVE M DELAYS, i The following are some of the advantages onferred by the Land Transfer system : — 1. It secures the principal benefits and advantages sought to be attained in s system of registration of deeds. 2. It rennVrs retrospective inveatigation of title unnecessary as to all land re»iste'-ed. 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 011 loans secured on lauds. <*. 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, i.e., if the estate be mortgaged, encumbered, or leased. Memoranda disclosing the particulars of anysuch transactions affecting the estate are written upon the Certificate of Title. Lands purchased from the < 'rown since the coming into t operation of "The Land Transfer Act " cannot be dealt with under the old system. JOSH 0 A STRANGifi WILLIAMS,