Legal record - Real Estate & Stock Institute of Victoria Contract of Sale of Property (C.E.Carter of Ringwood - Agent), Vendor: Herbert Edward WATSON. Purchaser: Arthur Stanley ASHLEY - February, 1946

Physical description

Copy of cancelled contract, correspondence and covering typewritten summary.

Inscriptions & markings

18752 Watson – Ashley AI Summary:
The document records a contract of sale dated 18 February 1946 between Herbert Edward Watson of Willana Street, Ringwood, as vendor, and Arthur Stanley Ashley of Plumer Street, Croydon, as purchaser. The property comprised Lots 55 and 56 on Plan of Subdivision No. 7522, being part of Crown Allotment 27, Parish of Ringwood, County of Mornington, and described in Certificate of Title Volume 4802 Folio 960364. Accompanying correspondence identifies the land as vacant land situated in Patterson Street, Ringwood East. The agreed purchase price was £150, with a £10 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, the National Security (Economic Organisation) Regulations, and the Farmers’ Debts Adjustment Act 1935. The purchaser was required to execute the necessary acknowledgements and obtain any exemption certificates if required, while both parties were obliged to apply for Commonwealth Treasurer approval of the transaction.
Included with the file is correspondence from the Commonwealth Treasury Land Sales Control Branch dated 29 March 1946, advising that the proposed purchase of the vacant land in Patterson Street, Ringwood East was considered to be at an excessive price and that further consideration would only be given if both parties agreed to reduce the purchase price to not more than £120 and returned an amended contract for approval.
Handwritten notations on the contract and correspondence indicates the proposed purchase was cancelled and deposit returned.

Other parts of this item

Back to top