Simpson v Schwass - [1931] NZLR 673

Mortgage — Land held under Deferred-payment License — Sale through Registrar of Supreme Court — Property bought in by Mortgagee at Estimated Value — Instalment of Purchase-money due to Crown under the License unpaid — Whether Mortgagee-purchaser entitled to debit Unpaid Instalment in his Account on Settlement with Mortgagor as an Encumbrance on the Mortgagor's Estate or as an Outgoing which Mortgagee must pay — Land Transfer Act, 1915, s 110.