4. It makes purchasers of the fee an J leases pei fectly s« cure. 5. It simplifies to the utmost j ossibleextent the forms of transfer and tlie niodss 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 writieD upon the Certificate of Title. FEES CHARGEABLE UNDER LAND TRANSFER ACT. (Extract from New Zealand Gazette, No 64, of 9th December, 1871.) For bringing Land under the Provisions of the Act— When the title consists of a Giant dated on or subsequent to the 28 th of December, 1841, and none of the land th' rein has been dealt with £0 2 0 When the title is of any other description, and the value exceeds 300/ 1 o 6 When the title is of any other description, and the value exceeds 200/ and does not exceed 300/ 0 15 & When the title is of any other description, and the value exceeds 400/ and does not exceed '2OO/ 0 10 0 When the title is of any o'her description, and the value does not exceed 100/ ... 0 5 0Contributious to Assurance Fund upon first bringing land under this Act,and upon the registration of an estate of freehold in possession derived by settlement, will, or intestacy— In the pound sterling 0 0 & Other Fees— *" For every application to bring land under the Act 0 5 0For certificate of title where the same is issued in the name of any applicant grantee Nil. For certificate of title issued upon any memorandum of transfer where the consideration is under 10/ and not nominal 0 10 O For every other certificate of title 1 o 0 Registering memoranda of transfer, mortgage, encumbrance, or lease 0 10 0 Registering transfer or discharge of mortgige or of encumbrance, or the transfer or surrender of a lease.. 0 5 O Registering proprietor of any estate or interest derived by settlement or transmission 0 10 O For every power of attorney.. 010 O For every registration abstract 10 0 For cancelling registration abstract 0 5 O For every revocation order 0 10 0 Noting caveat 0 10 0 Cancelling or withdrawal of caveat and service of notice to caveator or eaveatee 0 5 0 Issuing order for foreclosure 10 0 For every search 0 2 O For every general search 0 5 O For every map or plan deposited 0 5 0 For every instrument declaratory of trusts, and for every will or other instrument deposited 0 10 0 For registering recovery by proceeding in law or equity, or re-entry by lessee 0 10 0 For registering vesting of lease in mortgage, consequent on refusal of trustee in bankruptcy to acc< pt the same . . 010 0 For entering notice of marriage or death 0 10 0 For entering notice of writ or -order of Supreme Court.... 0 10 0 Taking acknowledgment of married woman 0 5 0 Taking declaration in case of lost grant or other instrument, or where production of duplicate is dispensed with 010 0 Taking affidavit or statutory declaration 0 5 0 For the exhibition or return of any deposited instrument, or for exhibiting or returning deeds surrendered by applicant proprietor 0 5 0 For certified copy, first five folios, per folio of seventytwo words 0 5 0 For every folio or part folio after first five 0 0 8 For every instrument drawn on parchment 0 2 0 When any instrument purports to deal with land included in more than one grant or certificate, for each registration memorial after the first 0 2 6 Lands purchased from the Crown since he coming into operation of the Land Transfer Act cannot be dealt with under the old system. "W. S. MOORHOUSE, Registrar-General of Land.
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https://paperspast.natlib.govt.nz/newspapers/LCP18720524.2.13.4
Bibliographic details
Lake County Press, Issue 51, 24 May 1872, Page 3
Word Count
710Page 3 Advertisements Column 4 Lake County Press, Issue 51, 24 May 1872, Page 3
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