Legal record - Real Estate & Stock Institute of Victoria Contract of Sale of Property (C.E.Carter of Ringwood - Agent), Vendor: Francis H. PATTERSON. Purchaser: William John FORBES - April, 1945

Physical description

Copy of contract and covering typewritten summary.

Inscriptions & markings

18737 Patterson – Forbes AI Summary:
The document records a contract of sale dated 5 April 1945 between Francis H. Patterson of 105 Collins Street, Melbourne, as vendor, and William John Forbes of Myrtle Crescent, Lower Ferntree Gully, as purchaser. The property comprised Lot 17 on Plan of Subdivision No. 9473, being part of Crown Allotment 18, Parish of Ringwood, County of Mornington, and described in Certificate of Title Volume 5008 Folio 1001521. The allotment had a frontage of 60 feet to Campbell Street, Ringwood, and a depth of 148 feet 1 inch. The agreed purchase price was £52/10/-, with a £10 deposit and the balance payable within 14 days of receiving Government consent to the sale. The transaction was arranged through Charles Ernest Carter of Ringwood, acting 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 obligated to apply for Commonwealth Treasurer approval of the transaction, with provision for cancellation of the sale and refund of monies paid if consent was refused. Any valuation fee required by the authorities in connection with obtaining consent was to be shared equally between vendor and purchaser.

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