Torrens, on the introduction of his
Bill for amending the law relating to the Transfer of Real
Property.
Mr. Speaker, I do not attempt to remedy the evils complained of, by
amendment of the existing law; that I believe to be impossible: I
propose to abolish a system irremediably wrong in principle, and to
substitute a method which I believe will, when explained, commend itself
to the House as consistent with common sense, perfectly feasible, and
effectual for all purposes required.
The first and leading principle of the measure which I introduce, is
designed to cut off the very source of all costliness, insecurity,
litigation, by abolishing altogether the system of retrospective titles
and ordaining that as often as the fee simple is transferred, the
existing title must be surrendered to the Crown, and a fresh grant from
the Crown issued to the new proprietor.
The principle next in importance prescribes that registration _per se_
and alone shall give validity to transactions affecting land.
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