Page 3 Advertisements Column 5

Grey River Argus, Volume XXI, Issue 2364, 8 March 1876, Page 3

Government Notice. 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 rectified at great cost. Persons 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 BY THE GOVERNMENT. On all Conveyances by Deed under th old system, the cost of Registration in tlie Deeds Registry, over and above the SobJ citor'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 " 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 fpr 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 or Lease of land, registered under the Act, is JL'welve Shillings, no matter what the amount involved. A Mortgage may be transferred or discharged, or lease transferred or surrendered for Five Shillings. THESE OPERATIONS INVOLVE NO DELAYS. The following are some of the advantages nferred 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 investigation of title unnecessary as to all land 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 loans secured on lands. 8. 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 any such transactions affecting the estate are written upon the Certificate of Title.

Lands purchased from the Crown sinse the coming into operation of "The Land Transfer Act" cannot be dealt with under the old system.