Legal record - Real Estate & Stock Institute of Victoria Contract of Sale of Property (C.E.Carter of Ringwood - Agent), Vendor: Ewart Gladstone SALTER. Purchaser: Norman ARUNDEL - March, 1944

Physical description

Copy of contract and covering typewritten summary. A handwritten notation indicates sale cancelled and deposit returned 14 June 1944.

Inscriptions & markings

18734 Salter - Arundel AI Summary:
The document records a contract of sale dated 31 March 1944 between Ewart Gladstone Salter of 4 Bright Street, Brighton, as vendor, and Norman Arundel of 235 Richardson Street, Middle Park, as purchaser. The property comprised Lots 19, 20, 31, 32 and 33 on Plan of Subdivision No. 11993, within the Dublin Road Estate, being part of Crown Allotment 42, Parish of Ringwood, County of Mornington, and part of the land described in Certificate of Title Volume 663 Folio 132519. The agreed purchase price was £255, with a £100 deposit paid on signing and the balance payable by twelve consecutive quarterly instalments of £12/18/4, together with interest at 5 per cent per annum calculated on the outstanding balance at the commencement of each quarter. The sale was arranged through Charles Ernest Carter of Ringwood as agent for the vendor.
The contract incorporated the 1936 Copyright Conditions of Sale together with special wartime provisions requiring compliance with the National Security (Land Transfer) Regulations and the National Security (Economic Organisation) Regulations. The purchaser was required to execute an acknowledgement under the Farmers’ Debts Adjustment Act 1935 and obtain a certificate of exemption if required. Both vendor and purchaser were obliged to seek Commonwealth Treasurer approval for the transaction, with provision for the contract to be cancelled and monies refunded if consent was refused. The special conditions further provided that the valuer’s fee associated with obtaining consent was to be shared equally between the vendor and purchaser.
A handwritten notation signed by N Arundel indicates sale cancelled and deposit returned 14 June 1944.

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