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 BRADBURY - February, 1946

Physical description

Copy of cancelled contract, correspondence and covering typewritten summary.

Inscriptions & markings

18749 Patterson - Bradbury AI Summary:
The document records a contract of sale dated 13 February 1946 between Francis H. Patterson of 105 Collins Street, Melbourne, as vendor, and William Bradbury of 13 Higham Street, Cheltenham, as purchaser. The property comprised Lot 82 on Plan of Subdivision No. 9473, forming part of the Electric Railway Estate, and being part of Crown Allotment 18, Parish of Ringwood, County of Mornington, described in Certificate of Title Volume 6739 Folio 1347671. The agreed purchase price was £40, with a £10 deposit payable on signing and the balance payable by six consecutive monthly instalments of £5, together with interest at 4¾ per cent per annum calculated on the outstanding balance at the commencement of each quarter. 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 conditions relating to the National Security (Land Transfer) Regulations, the National Security (Economic Organisation) Regulations, and the Farmers’ Debts Adjustment Act 1935. The purchaser was required to obtain any necessary certificates of exemption, while both parties were obligated to apply for Commonwealth Treasurer approval of the sale. The accompanying correspondence records that Treasury consent to the sale of Lot 82, Electric Railway Estate, Ringwood had been granted in February 1946, but subsequent letters show difficulties with payment of the monthly instalments.
Correspondence from June and July 1946 refers to arrears of instalments and interest, while a letter from Mrs Bradbury explained that her husband’s ill health had prevented continuation of the payments and sought assistance in transferring the property to another buyer. Later correspondence from C. E. Carter advised that a purchaser had been found who was prepared to pay the original contract price and expenses, and an account of sale was subsequently forwarded to Francis H. Patterson.

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