An Act to give a preferable Lien on Wool from season to season and to make Mortgages of Sheep Cattle and Horses valid without delivery
to the Mortgagee. [l5th September, 1843.]
| afford relief to owners of sheep to enable t h e m to give valid liens upon | WH E R E A S in t h e present depression of t he farming interest i t | expedient and would t end great ly to increase t h e credit of and |
is
| the i r wool from season to season wi thou t p a r t i n g | wi th | t he possession |
or m a n a g e m e n t of t he sheep Be it therefore enacted by H i s Excel lency the Governor of N e w South Wales wi th t h e advice and consent of t he Legislative Council thereof Tha t in all cases where any person shall m a k e any bond fide advance of money or goods to any propr ie tor of sheep on condi t ion of receiving in paymen t or as securi ty only for such advance t h e wool of t h e t h e n n e x t ensu ing clip of such propr ie tor a n d
where such agreement shal l be m a d e in t h e form or to t h e effect in t h e Schedule A appended to th i s Ac t and shal l be duly regis tered w i th in t h i r t y days after t he date of such agreement b y leaving a t r u e copy thereof duly verified on oa th before t he R e g i s t r a r of t h e Supreme Cour t of New Sou th W a l e s or t h e D e p u t y R e g i s t r a r of t h e Cour t at P o r t Phi l l ip or any o ther officer of t h e said Cour t s respectively duly au tho rized to admin i s te r an oa th in t he office of t he Reg i s t r a r or D e p u t y R e g i s t r a r of such of t h e said Cour t s w i th in the ju r i sd ic t ion of which t h e propr ie tor of t h e said sheep and wool shal l be resident t h e person m a k i n g such advance shall be ent i t led to t h e whole wool ment ioned in such agreement a n d t h a t t h e possession of t h e same by t h e said p ro
| pr ie tor shal l be to all i n t en t s and purposes in | t h e l aw | t h e | possession |
of t h e person or persons m a k i n g such pu rchase or advance Provided t h a t w h e n at any t ime such advance be repaid w i t h such interes t and commission as m a y have been specified in such agreement t h e posses sion a n d proper ty of t he said wool shal l revest in said propr ie tor .
2. A n d be it enacted Tha t where any person shall before t h e pass ing of th i s A c t have advanced money on a wr i t t en agreement to receive t h e for thcoming clip of wool i t shal l be lawful for h i m to m a k e affidavit of t h e fact and file t h e same on t h e reg is t ry established u n d e r
| th i s A c t and such affidavit | shall have t h e effect of b a r r i n g t h e claim of |
| any person af terwards regis te r ing | his | l ien unde r th is Ac t u n t i l such |
| affidavit shal l have been t a k e n off t h e | said | regis t ry by consent of t he |
| p a r t y in teres ted or by an order of a J u d g e of t he Supreme | Cour t . |
3 . A n d whereas it will conduce grea t ly to the credit and relief of owners of live stock general ly to enable t h e m to give valid mor tgage securit ies upon the same wi thou t p a r t i n g w i t h t he possession a n d m a n a g e m e n t thereof Be i t enacted Tha t all mor tgages of sheep cat t le a n d horses and of the i r increase and progeny which shall have been heretofore m a d e by any propr ie tor thereof or shal l hereafter be made
bond fide and for va luable considerat ion and where t h e names of t h e
par t ies the re to and t h e pa r t i cu la r s thereof shal l be duly regis tered wi th in s ixty days after t he pass ing of th i s Ac t in all cases of mor tgages heretofore m a d e a n d wi th in t h i r t y days after t h e da te thereof in all
| cases of mor tgages hereafter to be m a d e in t h e office of t he | Reg i s t r a r |
or D e p u t y Reg i s t r a r of t he said Cour ts wi th in t he jur isd ic t ion of which t h e propr ie tor of t h e said mor tgaged live stock shal l be resi dent in t he form men t ioned in Schedule B appended to th i s A c t shal l be valid in t he law to all in ten t s and purposes whe the r t h e money secured by t h e said mor tgage be payable present ly or no t and notwi th
| t h e mor tgagee b u t shal l r emain and con t inue in every respect as there | s tand ing t h e said mor tgaged live stock shall no t be delivered over to |
| tofore in t h e possession order a n d disposition of t h e said m o r t g a g o r a n d t h o u g h t h e said mor tgagor afterward t a k e t h e benefit of any law now or hereafter t o be in force in t h e said Colony for t h e relief of b a n k r u p t or insolvent debtors Provided however t h a t no mor tgage of any such live stock shall pro tec t t h e same from t h e operat ion of any such law unless t he mor tgage shal l have been executed a t least s ixty days before t h e da te of t h e order for seques t ra t ion or unless t h e con sideration shall be a n advance or loan bond fide made a t t h e t ime of t h e execut ion of such mor tgage . |
| 4. | A n d be i t enacted Tha t t h e | Reg i s t r a r | or | D e p u t y | Reg i s t r a r |
of t h e said respect ive Cour ts shall keep a separa te a n d dist inct regis t ry from year to year of all such agreements for such purchases of wool or advances the reon and shall also keep a separate and dist inct regis t ry of t h e pa r t i cu la r s of all such mor tgages of sheep cat t le and horses as aforesaid and shal l be ent i t led to demand for every such regis t ry thereof a fee of two shil l ings and sixpence and one shi l l ing for each affidavit sworn before t h e m or verification thereof and all persons
shal l
shall have access to ei ther of t h e said registr ies a n d m a y search the same d u r i n g t h e u sua l hour s of business on pay ing for each search a fee of one shil l ing.
| 5. | A n d be i t enacted T h a t | n o t h i n g in th i s A c t | contained | shall |
be cons t rued to affect in any way t h e r igh t s or preroga t ive of the Crown as to any of t he W a s t e L a n d s described in any such mor tgages as t h e lands or s ta t ions whereon any such mor tgaged sheep horses or
| ca t t le may | be | depas tur ing . |
| S C H E D U L E S | R E F E R R E D | TO. |
| A. |
| I N | c o n s i d e r a t i o n | of £ | bona | fide | v a l u e | for | w h i c h | I | a d m i t | t o | h a v e | rece ived |
| in (money or goods or both as the case may be) f rom A . B . of | I do |
| h e r e b y | g ive | t h e | sa id | A. | B . a | p r e f e r a b l e | l i en | ( t o | t h e | e x t e n t | of t h e | sa id | a d v a n c e ) | on | t h e | wool |
| of t h e | e n s u i n g | c l ip | to bo s h o r n | f rom | m y | flocks | of | s h e e p c o n s i s t i n g | i n | n u m b e r | of |
| or | t h e r e a b o u t s | a n d | n o w | d e p a s t u r i n g | a t | i n | t h e | sa id | C o l o n y | u n d e r | t h e |
| s u p e r i n t e n d e n c e | of | I t | is | f u r t h e r | a g r e e d | t h a t | t h e | sa id | s h e e p | s h a l l | be |
| s h o r n | b y | m e | or | a t | m y | e x p e n s e | a n d | t h a t | t h e | wool | t h e r e o f | s h a l l | b e | d e l i v e r e d | b y | m o | a t |
| t o t h e o r d e r | of t h e sa id A . | B . |
| D a t e d | d a y | of | A . D . |
| W i t n e s s — | ( S i g n e d ) | C. | D . |
| N . B . — I f | t h e goods | or | m o n e y | a d v a n c e d | b e | for | t h e | a b s o l u t e | p u r c h a s e of | t h e | wool |
| i n s t e a d | of | t h e | w o r d s | in | t h e | b r a c k e t s | " | to | t h e | e x t e n t | of | t h e | sa id | a d v a n c e " | i n s e r t | t h e | w o r d s |
| " | for | t h e | a b s o l u t e | p u r c h a s e | a n d | w h o l e | v a l u e | the reof . " |
| B. |
Numbers and description of mortgaged Sheep
| Date | Cattle or Horses and the brand or other |
| of | Consideration. | distinctive mark and Stations where the |
| Deed. | same are depasturing as also the name of the
principal Superintendent or Overseer. |
Name of Witness or Witnesses.