Page 4 Advertisements Column 3

Star (Christchurch), Issue 1481, 26 November 1872, Page 4

L&ND 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 Acfc- by application from the .persons entitled thereto. All Lands alienu.teeL from the Crown after the coming into operation of "The Land Tranefov Act, 1870," are subject to, and must be dealt with in manner.. prescribed by the Acfc. Tho fallowing aro 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 2Sth December, 1841, none of the .laud- included in which has been dealt with — £ c. d. Where the Certificate of Title is directed to issue in- the name of the Applicant Value of land £100 ... 011 2 Whore the Certificate of Title is directed. .to issue in the name of the Purchaser : Value- of .'land £100 ... 11l 2 These charges are increased by - 4s. 2d (Assurance Fund) .for-every aelditional' £loo in value. 2. When the , applicant is the .. original grantee, and the * hind has been .dealt with ; or where the applicant is not the. original grantee — S .JB--J. d. Wihere the value of the land is£loo .:2i14 2 Where :tho value of the land is £200 -3-.S 4 Whare the value iof .the land is £300 3; 12 6 Whei'e the value of fche.land is £400 ... .1 i*B Whore the value of the danel is. above £40C the fees increase at the .rate of 4s 2d (Assurance Fund) for every . additional £100., i5. value. These charges 1 also -represent the cost of conveying land, inasmuch ; as applicants .to bring land under.the Acfc.can -.direct the Certificates of Title x*o issue in-^the names of any other persons. Credit for fees at given when, desired by tho applicant, in .all -cases where. jthov proprietor applieo fco liave the land registered uneler the Acfc in his own asame, anel . the fees may remain unpaiel until (the land is 'dsflilt with. Any parson, therefore, who .xwishea to bring his land under the .provisions , of ■ th<3 Act, in order that whenev ef- -he deals yyi?h : it,he may be in a position to aya"! himself of . the ■ facilities afioivLcrl by having -a- Registered Tifcle,can do so without any presqEt cosfc, by.aUo.wiag the fees to remain unpaid until such dealing.takes place. He will then be im a position to^n.ortgage, transfer, lease, or otlverwise. de.al.with lub lanel at a moment's notice. Auy title, however long .and complex, ifig-y be investigated at a cost to tho applicant c£ only os , for if the title is rejasted, all fees .avc returned, with tbe exception. of that amount. CERTIFICATES OF TITLE AJR.E ABSOLUTELY INDEFEASD3LE. Under the old system of conveyancing if a single deed is lost, the .title is in many I'ltses rendereel "absolutely defective, anil therefore unmarketable, while in others it can only be rectified at great cost. Persons who bring their land under the Acfc, surrender all their deeds, and receive in exchange a Certificate of Title, a duplicate of which is retained hi the oSUca If the certificate in tho possession of the regis fcereel proprietor is at any time lost, or destroyed by fire, Sec, a new certificate s supplied by the Registrar at a small cost. ALL TITLES ARE GUARANTEED BY TIIE 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 iess than 15s, frequently very much more; while land which has been brought URiier the provisions of the Lanel Transfer Act <sm be transferred at a total cost of lis whew a whole section is conveyed ; anel where only part is conveyed (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 anel after fche Ist January, 1872, the charge for Certificates of Title issued upon Memoranda of Transfer is reduced to 10s in all cases where fche value of the land is under £10. The total cost of executing a Mortgage or Lease of Land registered under the Act is 12s no matter what tlie amount involved. A Mortgage may be transferred or discharged • or a Leaso transferred or Burrcnelered for 53. THESE OPERATIONS INVOLVE NO DELAYS. The following are some of tho advantages conferred by the Lanel Transfer system : 1. Ifc secures the principal benefits and advantages sought to be attained in a system of registration of deeds.