2. It renders retrospective investigations of title unnecessary as to all lands registered. 3. It simplifies the titles to real property for the future 4. It makes purchasers of the fee and leases perfectly secure. i 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 transaction affecting the estate are written 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 pro- £ s. d. visions of the Act — When the title consists of a grant dated on or subsequent to the 28th December, 1841, and none of the land included therein has been , dealt with ... 0 2 0 I When the title is of any other description, and the value exceeds £300 10 0 When the title is of any other description, and the value exceeds £200 and does not exceed £300 G 15 0 When the title is of any other description, and the value exceeds £100 and does not exceed £200 3 10 0 When the title is of any other description, and the value does not exceed £100 ... 0 5 0 Contribution 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 i Other Feeß : — For every application to bring land under the Act ... 050 For 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 \mder £10 and is not nominal ... ... 0 10 0 For every other certificate of title... 10 0 Registering memorandum of transfer, mortgage, encumbrance, or lease ... ... 010 0 Registering transfer or discharge of mortgage or of encumbrance, or the transfer or surrender of a lease ... 0 5 0 Registering proprietor of any estate or interest derived by settlement or transmission 0 30 0 For every power of attorney ... 010 0 l<"or every registration abstract... 10 0 For cancelling registration abstract ... ... ... 0 5 0
For every revocation order ... 010 0 Noting caveat ... 010 0 Cancelling or withdrawal of caveat and service of notice to caveator or caveatee ... 0 5 0 Issuing order for foreclosure ... 100 For every search ... ... 020 For every general search ... 0 5 0 For every map or plan deposited 0 5 0 For every instrument declaratory of trusts, and for every will or other instrument deposited ' ... ... 010 0 For Kegistering recovery by proceeding in law or equity, or re-entry by lessee ... ... 010 0 For registering vesting of lease in mortgagee, aonsequent on refusal of trustee in bankruptcy to accept the same... 010 0 For entering notice of marriage or death ... ... ... 010 0 For entering notice of writ or order of Supremo Court ... 010 0 Taking acknowledgment of married woman ... ... 0 5 0 Taking declaration in case of lost grant or other instrument, i 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 I For certified copy, first fire folios, per folio of seventytwo words ... ... ... 0 50 For every folio or part folio after first five ... ... 008 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 fir6t 0 2 6 Lands purchased from the Crown since tho coming into operation of the Land Transfer Act cannot be dealt with under the old system. JOSHUA STRANGE WILLIAMS, 3803 Begiefcrar-Gteneral of Land,
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TS18721119.2.15.4
Bibliographic details
Star (Christchurch), Issue 1475, 19 November 1872, Page 4
Word Count
725Page 4 Advertisements Column 4 Star (Christchurch), Issue 1475, 19 November 1872, Page 4
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