New Zealand National Creditmen's Association (Auckland Adjustments) Limited v Garvey - [1957] NZLR 1104

Chattels Transfer — Instrument by Way of Security — Furniture of Boardinghouse Keeper used in His Business "plant" — Chattels replacing Those destroyed or Non-existing — Implied Covenant by Grantor to Execute Instrument to give Security over Replacements — Equitable Security in Respect of Replaced Plant — Chattels Transfer Act 1924, ss 26 (b), 50, Fourth Schedule, cl 4.