Advantages of the system.

As viewed by an authority on the subject, the Torrens system presents at least a dozen advantages, namely:1. It abolishes endless fees.2. It eliminates repeated examinations of titles.3. It reduces records enormously.4. It instantly reveals ownership.5. It protects against encumbrances not noted on the Torrens certificate.6. It makes fraud almost impossible.7. It assures.8. It keeps up the system without adding to the burden of taxation. Because the beneficiaries of the system pay the fees.9. It eliminates tax titles.10. It gives practically eternal title as the State insures perpetually.11. It furnishes state title insurance instead of private titleinsurance.12. It makes possible the transfer of titles or of loans within thecompass of hours instead of a matter of days and weeks.

4. Comparative benefi ts offered.The benefi ts of this system, compared with other pre-existingsystems, have been summarized by Sir Robert Richard Torrens asfollows:1. It has substituted security for insecurity.2. It has reduced the cost of conveyance from pounds to shillings,and the time occupied from months to days.3. It has exchanged brevity and clearness for obscurity andverbiage.4. It has so simplifi ed ordinary dealings that he who has masteredthe three Rs can transact his own conveyancing.5. It affords protection against fraud.6. It has restored to their just value many estates, held undergood-holding titles but depreciated in consequence of someblur or technical defect, and has barred the re-occurrenceof any similar faults.7. It has largely diminished the number of chancery suits, byremoving those conditions that afford ground for them.

Purpose of Torrens law.The real purpose of the Torrens system of registration is to quiettitle to land; to put a stop forever to any question of the legality of theregistration, in the certifi cate, or which may arise subsequent thereto.

Persons bound notwithstanding lack of registration.If a purchaser, mortgagee or grantee should fail to register hisdeed, would the transaction have any effect as such? Viewed in thelight of our existing registration laws, the conveyance shall not bevalid against any person unless registered, except (1) the grantor, (2)his heirs and devisees, and (3) third persons having actual notice orknowledge thereof.That the grantor must be bound, there can be no doubt for hecannot deny his own act as may affect him adversely. As to his heirsand devisees, they must also be bound for they are considered mereextension of the grantor. As to third persons having actual notice orknowledge of the transaction to them the purpose of registration, thatis, to create constructive notice, is more than accomplished; to themregistration is a surplusage