Settlement Statement 1953

Public Trust Office,
P.O. Box 202,
HASTINGS.

Messrs Philip McCullough & Byron Buchanan, as trustees for a Company to be formed,
c/- Messrs Bisson, Moss & Bisson,
Barristers and Solicitors,
P.O. Box 40,
NAPIER

Dr. to
THE PUBLIC TRUSTEE
in the Estate of EDWARD NEWBIGIN

Settlement Date 31.10.53

To   Purchase Price Lots 1,2,3, 4, 5, 6, 10, and 11
D.P. 6564 part Heretaunga Block C.T. (H.B.)
102/142 known as the “Stortford Lodge Hotel”   21000 . .

Proportion Hastings Borough Council rates
31.10.53 to 31.3.54 @ £110.6.9 p.a.   45 13 .
(151 days)

By Deposit   2000 . .
Amount to remain on Second mortgage 31.10.58 @ 7/6%   10000 . .
Balance   9045 13 .
21045 13 . 21045 13 0
Balance due 31.10.53   9045 13 .

1.   Settlement by cash or bank cheque.
2.   Public Trustee will pay Hastings Borough Council rates to 31.3.54.
3.   Interest accrues at the rate of 8% on £9,000 i.e. £1.19.5 per diem from 31.10.53.
4.   Purchaser to be credited with insurance premium 2.10.53 to 31.10.53 when amount of premium is known.
5.   In addition to the above balance, fee for preparation of second mortgage stamping and registration thereof to be collected in settlement.