Legal record - Real Estate & Stock Institute of Victoria Contract of Sale of Property (C.E.Carter of Ringwood - Agent), Vendor: Frank GIBSON. Purchaser: Eric Thomas RULE - October, 1944

Physical description

Copy of contract and covering typewritten summary. Property - 28 acres 3 roods 33 perches, Lot 7 Plan of Subdivision 4315, Part of Crown Section 20, Parish of Warrandyte, Certificate of Title Volume 3662 Folio 732241.

Inscriptions & markings

18658 Gibson - Rule AI Summary (26/9/2026)
This document records the 31 October 1944 contract of sale between Frank Gibson (vendor) and Eric Thomas Rule (purchaser) for 28 acres 3 roods 33 perches at Lot 7, Plan of Subdivision 4315, Parish of Warrandyte, held under Certificate of Title Volume 3662 Folio 732241. The agreed price was £750, with a £50 deposit and the balance payable within 30 days of receiving government consent. The sale was handled by C.E. Carter, and both parties were required to share the valuer’s fee equally. The contract incorporates the standard 1936 Copyright Conditions of Sale, along with special wartime conditions requiring compliance with the National Security (Land Transfer) and Economic Organisation Regulations, including obtaining Commonwealth Treasurer consent. If consent was refused, the contract became void and money paid was refunded; if consent required a reduced price, the vendor could either accept the reduction or cancel the sale.
Additional special conditions required the purchaser to sign an acknowledgment under the Farmers’ Debts Adjustment Act 1935, and warranted that he was not prohibited from purchasing land under wartime regulations. The contract also set out standard provisions regarding possession, payment defaults, adjustments, and auction conditions. Overall, the document formalises the transfer of rural land during wartime, subject to strict Commonwealth regulatory oversight.

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