Official Assignee of Mordaunt & Bailey v Gibson - (1914) 33 NZLR 1423

Land Transfer Acts — Land subject to First and Second Mortgages — Agreement by Mortgagor to give First Mortgage as Security for New Loan — Original First Mortgagees paid out of New Loan — Discharge of First Mortgage signed by First Mortgagees — Substitution of Transfer of Mortgage for Unregistered Discharge — Action to enable Second Mortgage to have Priority — Land Transfer Act, 1908, Sections 104, 116 — Property Law Act, 1908, Section 67.