XN000022-1994-11-04 — Page 8

FRIDAY, NOVEMBER 4, 1994

"

"AND ABOVE ALL A REFLECTION OF THE ENTHUSIASM AND DEDICATION OF OUR YOUNG PEOPLE IN WANTING TO MAKE THE MOST OF THEIR TALENTS, HE ADDED.

"I BELIEVE WE SHOULD TAKE PRIDE IN AND COMFORT FROM THOSE FUNDAMENTAL STRENGTHS AND, IN OUR SUCCESS TOO."

"IT

MIGHT DO US NO HARM AS A COMMUNITY TO COUNT OUR BLESSINGS FROM TIME ΤΟ TIME RATHER THAN TO FOCUS SO MUCH ON OUR POLITICAL FUTURE," HE SAID.

GOVERNMENT INTRODUCES LAND TITLES BILL

THE GOVERNMENT TODAY (FRIDAY) PUBLISHED IN THE GAZETTE A BILL THAT SEEKS TO INTRODUCE A NEW REGISTRATION PROVIDE CERTAINTY OF TITLE FOR REGISTERED PROPERTY OWNERS PROTECTION FOR PROPERTY BUYERS.

ΤΟ

GOVERNMENT SYSTEM

AND MORE

THE LAND TITLES BILL IS EXPECTED TO BE INTRODUCED LEGISLATIVE COUNCIL ON NOVEMBER 16.

INTO THE

CONFERENCE

OUTLINING THE MAIN FEATURES OF THE BILL AT A PRESS THIS AFTERNOON, THE LAND REGISTRAR, MI KENNETH PANG, SAID: "THE OBJECT OF THE BILL IS TO REPLACE THE PRESENT SYSTEM OF REGISTERING LAND DEEDS WITH A NEW SYSTEM OF REGISTERING THE TITLE TO LAND AND LAND

INTERESTS SO AS TO PROVIDE PROPERTY OWNERS AND CERTAINTY OF TITLE TO LAND.

PURCHASERS WITH

IN

GREATER

MR PANG POINTED OUT THAT THE PRESENT LAND DOCUMENT REGISTRATION SYSTEM DID NOT CONFER ON A REGISTERED DEED ANY VALIDITY IT OTHERWISE HAVE.

DID NOT

AS A RESULT, EVEN IF A PERSON IS REGISTERED IN REGISTER AS THE OWNER OF A PROPERTY,

LAND HE MAY NOT NECESSARILY REAL

BE LEGAL OWNER, OR THERE MAY BE SOME UNCERTAINTY IN HIS

THE HIS TITLE MAY BE SUBJECT TO THE CLAIM OF SOME OTHER PERSONS WHICH DOES TITLE, OR NOT APPEAR ON THE LAND REGISTER.

THE

THIS UNCERTAINTY OF TITLE WAS

UNSATISFACTORY

FOR PROPERTY

OWNERS AND ALSO PLACED PURCHASERS AT RISK.

THE FUNDAMENTAL CHANGE THE LAND TITLES BILL SEEKS TO MAKE IS TO ESTABLISH THE LAND REGISTER AS CONCLUSIVE EVIDENCE IN LAW AS TO THE TITLE OF THE PROPERTY REGISTERED.

THIS WILL PROVIDE CERTAINTY OF TITLE FOR OWNERS AND A MUCH HIGHER DEGREE OF PROTECTION FOR PURCHASERS THAN THAT EXISTING REGISTERED UNDER THE PRESENT SYSTEM.

MR

PANG SAID THE MAIN FEATURES OF THE NEW REGISTRATION

WERE:

/*

REGISTRATION OF

SYSTEM