Page 4 Advertisements Column 5

Grey River Argus, Volume XXI, Issue 2724, 7 May 1877, Page 4

Government Notice TA N 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 fronv 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. '.'... 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 issue in the name of the Purchaser : Value of land £100 ... ... r ; These charges are increased by^g^Hd (Assurance fund) for every addiSSnal £100 in value. 2. When the Applicant is the. original Grantee, and the land has been dealt with jot where the Applicant is not the original Grantee — Where the value of the lamd is £100 ... ... .-„ ... £2 14 Where the value of the land is £200 ... 3 34 Where the value of the land is £300 ... ... 312 6 Where the value of the land is - £400 4 I g Where the value of land is above .£4oo* the fees increase at the rate of 4s' 26> "'. (Assurance "^und) for every additional £100 in value. These charges also represent the cost of Conveying Land, [nasmuch as applicants to bring land under the Act can direct the Certificates of Titles v. 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 * r the facilities afforded by having a Resist*- i Title, can do so Without Any Present r - e 5 by allowing the fees to remain unr- . j -tU such dealing takes place. He *'? * "T in a position to Mortgage, T will then be or otherwise deal with his 1 -fansfer, Lease, notice. iand at a moment's Any Title, howe»- v , ' - , may be investW -er long and complex, cant of only W «ed at a cost to the Apphis rejected V - ye Shillings ; for if the Title exception' -xl fees are returned, with the of that amount. . . r -• . - ERTIFICATES t OF TITLE ARE ABSOLUTELY INDEFEASIBLE. Under the old system of Conveyancing j if a Bingle deed is lost, the title is in many I cases rendered absolutely defective, and |! therefore unmarketable, while in others it fc can only be rectified at great cost. Persons _ who bring their land under the Act, sur- ■ render all their deeds, and receive in exchange a Certificate of Title, a duplicate of } which is retained in the office. If the Cer- . titicate 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. ' j ALL TITLES ARE GUARANTEED , BY THE GOVERNMENT. I On all Conveyances by Deed under ! th , old system, the cost of Registration in the l Deeds Registry, over and above the Soli* t citor's charge, is never less than Fifteen i Shillings, frequently very much more ; while i land which has been brought under the f provisions of " The Land Transfer Act " can be transferred at a Total Cost of Eleven i Shillings where a whole section is conveyed ; 0 and where only part is conveyed (and there- ' fore a fresh Certificate of Title ianecessi--1 tated), of Thirty-one Shillings, which is the--0 highest sum allowed by the Act, no maVMM s what the value or area of the land. i* Under the Regulations in force on ai9^ ,• after the Ist January, 1872, the charge for y Certificates of Title issued upon Memoranda of Transfer is Reduced to Ten Shillings in c all cases where the value of the land is under 1 Ten Pounds. . The total cost of executing a Mortgage c or Lease of land, registered under the Act, • is Twelve Shillings, no matter what the - amount involved. 1 A Mortgage may be transferred or dis--6 charged, or . lease transferred or surrendered for Five Shillings, - 8' . ' i THESE OPERATIONS INVOLVE NO I 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. j 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 r are effectually prevented, because the - Certificate of Title in the possessior % of the Vendor shows the exact con f J dition of the estate, i.e., if the estat' be mortgaged, encumbered, or leased Memoranda disclosing the particular! of any such transactions affecting tfci estate are written upon tbo Certificate of Title. j Lands purchased from the Crown sinc^ the coming into operation of "The L»n< Transfer Act" cannot be dealt with unde the old syatom. ~ ■