Page 3 Advertisements Column 2

Lake County Press, Issue 49, 10 May 1872, Page 3

LAND 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 person entitled th.rtto. All lands alienated from the Crown after the coming into opt ration of " The Land Transfer Act, 1870," are subject to aod must be dealt with in manner prescribed by the Act. The following are examples of the fees payable for bringing 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/ 1 11 2 The charges are increased by 4s 2d (Assurance Fund) for every additional 100/ in value. 2. When the npp.icaut is the original Grantee, and the land has be. n dealt with j or where the applicant is not the original Grantee— Where the value of the land is 100/ 2 14 2 Where the value of the land is2oo/ 3 3 4 Where the value of the land is 300/ 3 12 6 Where the value of the land is 400/ 4 l 8 Where the value of land is above 400/ the fees increase at the rate of 4s 2J (Assurance Fund) for every additional 100/ in value. These charges also represent the cost of Conveying Land, inasmuch asappiicauts to bring land under the Act can direct the Certificates of Title to issue in the names of any other persons. Credit for Fees is given whpn desired by the applicant, in all cases where the proprietor applies to have the land registered uuder the Act in his own name, and the lees may remain unpaid until the land is dralt with. Any person, therefore, who wishes to bring his land under the provisions of the Act, in order that whenever he deals with it 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 dialing 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 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 cau 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, &0., 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 the old system, the cost of registration in the Deeds Registry, over and ABOVE THE SOLICITOR'S CIIAHQE, 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 TOT4L COST OF ELEVEN SHILLINGS where a whole section is conveyed ; and where only part is conveyed (and therefore a Fresh Certificate of Title 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 r. educed to ten shillings in all cases where the value OF THE LAND IS UNDEK TEN POUNDS. The total cost of executing a Mortgage or Lease of lard registered unaer the Act is twelve shillings, no matter what the amount inv, lved. A Mortgage may be transferred or discharged, or a Lease transtVri ed or surrendered, for Five Shillings. These operations involve no delays. The following are some of the advantages conferred by the Land Transfer system : 1. It secures the principal benefits and advantages sought to be obtained in a system of registration of deeds. 2. It renders retrospective investigations of title unnecessary as to all lands registered. 3. It simplifies the Titles toall Property frr the f.Ure,