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CANTERBURY COLLEGE.

LAW STUDENTS' SOCIETY. The 'members of the Canterbury College Law Students' Society met on Saturday evening:, when Mr V. J. Sim, TjL.B., delivered ail address on the Chattels..Transfer Act, 'lO2-1. In the absence of Mr A. €. Brassington, president of the Society, Mill. E. Booker presided over'a gcod attendance. At the conclusion of the meeting Mr Sun was. accorded 1 a hearty vole of thanks for hia instinctive and interesting address. When one. read an Act, one -should study the motive that impelled' tlie legislature to puss it, said the lecturer. The main section -of tho Chat tela Transfer Act was the ono dealing with tho registration of the instruments. Every instrument or deed of security over chattels had: to be registered. The idea, of this compulsion was to prevent a person from conveying to outsiders a false appearance of hig chattels, an-d so obtaining false security over them. An instrument having been registered, anyone could search the liles of the Supreme Court and so know exactly tho position of tho chattels. Under the provisions of tho Act, alt persons were deemed to have 'knowledge of' a-U instrument onco that deed was registered. ' A deed or instrument must be registered within twenty-ono clays of. the execution of such instrument, except in exceptional casos, due to accident or inadvertence, where by an order of a Judge of the Supreme Court the time may be extended. An instrument hud to bo re-registered at the end of every live years, although here- again tho time may bo extended as above. Chattels meant any personal property that could be completely transferred by delivering, and included machinery, stock, and the natural increase of stock, crops, and Wool, but did 1 not include shares, interest coupons, or -debentures. Section IS dealt with tho effect ■of non-regis--1 ration. An unregistered instrument was deemed fraudulent and void- against: (1) the Official Assignee, (2) a trustee under'a deed of assignment, (3) a bailiff or sheriff. No unregistered - instrument was valid against a bona-fide purchaser or o mortgagee under valuable consideration, unless the owner of the unregistered dcr-d could prove that the other -party jhad knowledge of such -unregiptcroct document. 'Where there- were two or more instruments nn chattels, the instrument which was first registered had priority. An important section of the Act was that which provided lhat an aconrato' description of the chattels over which security was S'ivcn must l-o shown in an instrument. An agreement for hire' and purchase did not have to be -registered. Until the whole cf the purchase money was paid off, the chattels under th? hire and 7)11 rohn>:e agreement, belonged to the grantor,' and the money which the grantee paid was regarded as rent. Thus, if a person, through sickness or other cause, could not pnv bis next instalment due. even though it"should be Hi" last, he lost the chattels, together with all his previous instalments. One of the lasl sections of the Act, I\,n. 58, dealt with thepenal consequences. Any grantor of an instrument W way of pecuritv who, bv sale or delivery without, the consent, of the grantee of any chattels comprised in or affected by such instruments. or by any •other means, defrauded or impaired," or assisted to -defraud or impair the grantee's security over the flame, was'liable, to two years' and to a fine not exceeding XIOO.

ENGINEERING SOCIETY. On Saturday evening, before a. large and appreciative moctiu ? of tl lc Canterbury College Engineering Society,, the president, Professor PowcH, delivered the annual ■ president ial address. Profeas-or Powpll tonkas his subject his recent trip to England, tracing his route, by. train a.nd motor-car, through England, Scotland, and Wales. He then spoke at length on the National Physical Laboratory, iihi»trating his remarks by means of lantern slides, and describing in detail the electrical, mechanical, road testing, photometry, and Fronde tank . depart - ments. At the conclusion of his address Professor Powell- was accorded a, hearty vote of thanks.

Permanent link to this item
Hononga pūmau ki tēnei tūemi

https://paperspast.natlib.govt.nz/newspapers/CHP19250706.2.33

Bibliographic details
Ngā taipitopito pukapuka

Press, Volume LXI, Issue 18426, 6 July 1925, Page 6

Word count
Tapeke kupu
657

CANTERBURY COLLEGE. Press, Volume LXI, Issue 18426, 6 July 1925, Page 6

CANTERBURY COLLEGE. Press, Volume LXI, Issue 18426, 6 July 1925, Page 6

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