GROOM v. PATERSON

12 VLR 230·HOLROYD, J.
12 VLR 230
12 VLR 230
GROOM v. PATERSON Supreme Court of Victoria HOLROYD, J. March 16, 17, 1886, 06 April 1886 Act No. 313, s. 6Stock mortgageStock subsequently brought on station .

The object and result of sec. 6 of the "Stock Mortgage Act" (No. 313) is to introduce into every stock mortgage duly registered, unless the contrary is expressed therein, a most stringent form of the clauses commonly inserted in such mortgages respecting stock afterwards brought upon any station occupied by the mortgagor and named in the mortgage. It is indifferent whether the stations on which the stock expressed to be assigned are stated to be depasturing or intended to be depastured are mortgaged or not, or whether the stock afterwards brought thereon during the continuance of the security are of the same kind as those expressly assigned. All are to be covered by the mortgage unless the mortgagor at the time of entering into the security distinctly stipulates for some other terms.

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