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Lease of Land registered under the Act is 12 1 no matter what the amount involved. , /" ; A Mortgage may be transferred or, 'di*charged ; or a Lease transferred or eurren? dered for sb. THESE OPERATIONS INVOLVE NO DELAYS. The following are Borne of the advantages con ferred by the Land Transfer Bystem : V 1. It Becures tho principal benefits and advantages Bought to be attained in a system of registration of deeds. . _ --,::, 2. It renders retrospective investigations .©l title unnecessary as to all lands registered, ■ ..." 3. It simplifies the titles to real property or the future ■?. y <i y 4. It makes purchasers of the fee and leases perfectly secure V-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 lancLVV. 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. ; rr ,, 9. Transactions canbe effected ata moment's notice, and at a minimum of, cost.. „ „ 10. Frauds in the purchase and sale of laid, are effectually prevented, because the certificate of title in the possession of the vendor shows tho exact condition of the estate, . %:e,i f J the estate he mortgaged, encumbered, or leased. Memoranda disclosing the particulars of any such transaction affecting the estate are written upon the Certificate o 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 Aot — When the title consists of a grant dated on or subsequent to the 28th December, 1841, and none of the land included therein nas heen dealt with ... ... ... 0 2 0 When the title is of any other description, and the value -.-..• exceeds £300 ... ... 1 0 0. When the title ia of any other description, and the value exceeds £200 and does not - exceed £300 ... ... 0. 15 .0 When the title iB of any other description, and the value exceeds £100 and does not .... -.^ ■:■ oxceed£2oo ... ... 0 10,0 When the title is of any other , V i >?• description, and the value y.y does not exceed £100 ... 0 6,0 j Contribution to assurance fund upon first bringing land v ; under this Act, and upon the registration of an estate of freehold in possession derived by settlement, will, or intestacy — inthe pound . . . < sterling 0 Of Other Fees: — 7/ For every application to bring ■> land under the Act ... 0 5 0 For certificate of title where the ■' ' - same is issued in the name of any applicant grantee ... Nil '■•■ For certificate of title issued y upon any memorandum of transfer "where the consideration is under £10 and is uot nominal 0 10 Q For" eveiy other certificate of "title „ 1 0 ■< Registering memorandum of transfer, mortgage, enoum- " brance, or lease ... ... 010 0 Registering transfer or discharge of mortgage er of encumbrance, or the transfer or surrender of a lease ... 0 6 0 Registering proprietor of any estate or interest derived by settlement or transmission 0 10 0 For every power of attorney ... 010 0 For every registration abstract... 1 0 0 For cancelling registration abstract 0 6 0 For every revocation order ... 010 0 Noting caveat 0 10 0 Cancelling or withdrawal of caveat and Bervice of notice to caveator or caveatee ... 0 6 0 Issuing order for foreclosure ... 1 0 0 For every search ... ... 0 2 0 ; For every general search ... 0 6 0 For every map or plan deposited 0 6 0 For every instrument declaratory of trusts, and for every will or other instrument deposited ... ... 010 0 For Registering recovery by proceeding in law or equity, or re-entry by lessee 0 10 0 For rcgiaterhig vesting of lease in mortgagee, aonsequent on refusal of trustee in bankruptcy to accept the same... 010 For entering notice of marriage or death 0 10 0 For entering notice of writ or order of Supreme Court ... 010 0 Taking acknowledgment of married woman 0 6 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 6 0 For every folio or part folio after first five 0 0 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 0 Lands purchased from the Crown since the coming into operation of the Land Transfer Act cannot be dealt with under the old JOSHUA STRANGE WILLIAMS, 0 Registrar-General of Land.

Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/TS18740924.2.19.4

Bibliographic details

Star (Christchurch), Issue 2043, 24 September 1874, Page 4

Word Count
810

Page 4 Advertisements Column 4 Star (Christchurch), Issue 2043, 24 September 1874, Page 4

Page 4 Advertisements Column 4 Star (Christchurch), Issue 2043, 24 September 1874, Page 4

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