NOVEL LEGAL QUESTION.
* ••• J TRANSFER OF MORTGAGES. * a An interesting and noy.-l legal question relativo to transfers of Mortgages 1 under the Land Tr. nsfer Act was the 1 subject of argument in the Supreme 1
Court jester Jay. A nioriagee holding 4 several mortgages haa sub-mor! gaged * the same and then, after registration of the latter dealing, had executed a trans-
' fer of the mortgages, subject to suck ' ! sub-mortgage, to a third person. The ' District Land Register refused to re- : gister the transfer of mortgage made ! by the moitgagee, on the ground that under Section 91 of the Land Transs fer Act, 1885, the sub-mortgagee had . become the transferee of the mortga-
. gee's powers and that he (the sub-mort-u gageei alone could transfer the mortgages. Mr Govett appeared in suppart of the application, and Mr Kerr appeared on behalf of the Registrar--11 General. Mr Justice Cooper reserved ■" his decision, stating that tho point, n from its importance, should be decided
11 1 by the Court of Appeal, I
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Taranaki Daily News, Volume XLVII, Issue 81852, 27 September 1906, Page 2
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169NOVEL LEGAL QUESTION. Taranaki Daily News, Volume XLVII, Issue 81852, 27 September 1906, Page 2
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