A PROFITABLE TRANSACTION.

Daily Telegraph (Napier), Issue 3021, 2 March 1881, Page 4

A PROFITABLE TRANSACTION.

Says a writer in the Oamaru Mail: —"A good story is cold of some friends of mine, down South, and as it contains a moral that may be useful to the friends of the 3 xil, I find a placo for it in my budget. A short time since three sections were sold in a borough not fifty miles from Oamaru for £2 10s each, or a total sum of £7 10s, nnd after the sale some discussion took place as to who should pay for the transfer of the title. At last the buyer and seller agreed to submit the question to the arbitrament of a coin, with the result that the seller lost the toss, and was duly elected to beer the cost of the transfer. He engaged a solicitor, and everything progressed satisfactorily until the bill of costs was received, when lo ! it was found that the transfer of the sections sold for £7 10s had actually cost £8. The feelings of the seller when he discovered that besides losing the sections he was 10s out of pocket, may be better imagined than described. Next time he sells sections ho will take better care that he himself is not sold, and will let the buyer pay for the transfers. I said there was a moral to this story, and so there is—two morals, in fact. First, don't submit to chance the liquidation of an unknown liability, particularly when there is a lawyer in the case ; second, take advantage of the land Transfer Act, and don't let a lawyer take advantage of you,"