Page 4 Advertisements Column 3

Star (Christchurch), Issue 1479, 23 November 1872, Page 4

LAND TRANSFER ACT. I LANDS ALIENATED or contracted to be alienated from the Crown in fee, prior to the coming into operation of " The Land Transfer Act, 1870," maybe brought under the provisions of the Act by' application from 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 mußt be dealt with in manner prescribed by the Act. The following axe examples of the fees payable for bringing laud under the provisions of the Land Transfer Act : — 1. When the Title consists of a Grant, dated on or subsequent to the 2Sth December, 1841, none of the land included in which* has , been dealt with — £ s. d. Where the Certificate of Title is directed to issue in the name of the ApplicantValue of land £100 ... Oil 2 Where the Certificate of Title is directed to issue in the name of the Purchaser : Value of land £100 .. ; 111 2 Thcso charges ore increased by 4s 2d (Assurance Fluid) for every additional £100 in value. 2. When the applicant is the original grantee, anel the land has been dealt with ; or where the applicant is not the original grantee — £ 8. d. Where the value of the land is £100 2 14 2 Where the value of the land is £200 3 3 4 Where the value of the laud is £300 3 12 6 Where the value of the land is / £400 1 8 i Where the value of the land. is above £100 j the fees increase at the rate of 4 s 2d (AssuI ranee Fund) for every adelitional £100 in value. These charges also represent the cost of conveying land, inasmuch as applicants to bring land under the Act can direct the Certificates of TitSe to issue in the names of any other persons. Creelit for fees is given when desired by the applicant, in all cases where the proprietor applies to have the lanel registered under the Act in his own name, and the fees may remain unpaid until the land is elcalt with. Any person, therefore, who wishes to bring his lanel under the provisions of the Act, in order that whenever he eleals with it he may be in a position to avail himself of tho facilities afforded by having a Registered Title,can do so without an}' present cost, by allowing the fees to remain unpaid until such dealing 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 os , 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 v single deed ia lost, the title is in many cases rendered defective, and tlierofore unmarketable, while in others it can only be rectified at great cost. Persons who bring their land under the Act, surrender all their eleeds, anel receive in exchange a Certificate of Title, a duplicate of which is retained in tho office If . the certificate in the possession of the registered proprietor is at any time lost, or destroyed by fire, &c, a new certificate s supplieel 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 charge, is never less than 15s, frequently very much more; while,, laud which has been brought under the provisions of the Land Transfer Act can be transferred at a total cost of lis whero a whole section is conveyed ; anel where only part is convoyed (and therefore a Fresh Certificate of Title necessitated), of 31s 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 reduced to 10a in all cases where the value of the land is under £10. The total cost of executing a Mortgage or Lease of Land registereel under the Act is 12s no matter what the amount involved. A Mortgage may be transferred or discharged ; or a Lease transferred or surrendered for os. THESE OPERATIONS INVOLVE NO DELAYS. The following are some of the advantages conferred by the Land Transfer system : I. It secures the principal benefits and ad- j vantages sought to be attained in a eyefcm* pi registration of deeds. I