Legal record - Real Estate & Stock Institute of Victoria Contract of Sale of Property (C.E.Carter of Ringwood - Agent), Vendor: Archibald KNIGHT. Purchaser: Keith Arthur WELCH - August, 1945

Physical description

Copy of contract, correspondence and covering typewritten summary.

Inscriptions & markings

18742 Knight - Welch AI Summary:
The document records a contract of sale dated 22 August 1945 between Archibald Knight of Marshall Street, Chilwell, Geelong, as vendor, and Keith Arthur Welch of Yarra Street, Yarra Junction, as purchaser. The property comprised Lot 50 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 5479 Folio 1095798. Correspondence included with the file identifies the land as Lot 50, Campbell Street, Ringwood. The agreed purchase price was £60, with a £5 deposit payable on signing and the balance due 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 wartime special conditions 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, while both parties were obliged to seek Commonwealth Treasurer approval of the transaction.
Accompanying correspondence traces the progress of the sale, including Carter’s advice to the vendor that Lot 50, Campbell Street, Ringwood had been sold for £60, requests for execution of the contract and Treasury consent forms, notification that the Delegate of the Treasurer had approved the sale on 13 September 1945, and later correspondence from solicitor E. L. Moran arranging completion of the transfer and payment of the balance of the purchase money.

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