Legal record - Real Estate & Stock Institute of Victoria Contract of Sale of Property (C.E.Carter of Ringwood - Agent), Vendor: Walter BURNSIDE. Purchaser: William Irwin MACARTNEY - August, 1945

Physical description

Copy of contract, correspondence and covering typewritten summary.

Inscriptions & markings

18743 Burnside - Macartney AI Summary:
The document records a contract of sale dated 30 August 1945 between Walter Burnside of 27 Bell Street, Richmond, as vendor, and William Irwin Macartney of Wantirna Road, Ringwood, as purchaser. The property comprised Lots 1 and 2 on Plan of Subdivision No. 11285, being part of Crown Portion 8, Parish of Ringwood, County of Mornington, and described in Certificate of Title Volume 5110 Folio 1021946. The land was noted as having a frontage of 156 feet to Wantirna Road, Ringwood, and a depth of 240 feet, and the sale included all buildings and erections on the land. The agreed purchase price was £450, with a £25 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. Both vendor and purchaser were obliged to apply for Commonwealth Treasurer approval of the transaction, with provision for cancellation of the contract and refund of monies paid if consent was refused. The special conditions also provided that any valuation fee required in connection with obtaining approval would be shared equally between the parties.
Accompanying correspondence from the solicitors Maddock, Lonie & Chisholm, dated 4 September 1945, forwarded executed copies of the contract and requested advice when Treasury consent to the sale had been received.

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