Nelson Diocesan Trust Board v Hamilton - [1926] NZLR 342

Mortgage — Land Transfer — Transfer of Equity of Redemption — Expiry of Mortgage — Memorandum of Renewal and Increase of Rate of Interest executed by Mortgagee and Transferee as "Mortgagor" — Original Mortgagor not a Party to Memorandum of Renewal — Liability of Original Mortgagor discharged — Covenant implied in such a Memorandum of Renewal.