Legal record - Real Estate & Stock Institute of Victoria Contract of Sale of Property (C.E.Carter of Ringwood - Agent), Vendor: Francis H. PATTERSON. Purchaser: E.J. DOWLING - October, 1944

Physical description

Copy of contract and covering typewritten summary.

Inscriptions & markings

18723 Patterson – Dowling AI Summary:
The document is an unsigned draft record of an October 1944 contract of sale between Francis H. Patterson of 105 Collins Street, Melbourne, as vendor, and E. J. Dowling of 88 Gipps Street, East Melbourne, as purchaser. The property comprised Lots 91 and 92 on Plan of Subdivision No. 9473, forming part of Crown Portion 18, Parish of Ringwood, County of Mornington, within the Electric Railway Estate. The land had a frontage of 120 feet to Myrtle Avenue and a depth of 137 feet 10 inches. The agreed purchase price was £90, with a £10 deposit payable upon signing and the balance due within 30 days of receiving Government consent to the sale. The transaction was arranged through Charles E. Carter of Ringwood, acting as agent for the vendor.
The contract incorporates the 1936 Copyright Conditions of Sale together with special wartime provisions. These required compliance with the National Security (Land Transfer) Regulations and the National Security (Economic Organisation) Regulations, including the obtaining of Commonwealth Treasurer approval before the transfer could proceed. The purchaser was also required to execute an acknowledgement under the Farmers’ Debts Adjustment Act 1935, and any valuation fee required by the authorities was to be shared equally between vendor and purchaser.

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