EXCHANGE OF LAND.

Gisborne Times, Volume XXXV, Issue 3827, 9 May 1913, Page 2

EXCHANGE OF LAND.

THE OBJECTIONABLE FEATURES

CJIRISTCHURCH ELIMINATION MEETING. friIESS ASSOCIATION TELEGRAM.] CHRISTCHURCH, May 8. The Chamber of Commerce convened a mooting to consider what steps should bo taken to combat the abuses arising out of the exchange of properties. The delegates, duly appointed by their associations, represented the Chamber of Commerce, Canterbury Law Society, and Canterbury Land and Estate Agents’ Association. Many instances were cited showing the evils to which tho practice bad led and several suggestions were made as to dealing with other than bona lido eases. (finally it was decided to ask the Chamber of Commerce to communicate tho following resolution to the Government with the object of bringing in legislation to overcome the objectionable features of this class of easiness, which has been so adversely criticised by both judges and magistrates : “That in all eases of exchange of landed properties the agreement for exchange should fciofc become legally operative and enforceable until’ the lapse of three months from the true date of such agreement. During such period of three months either party to the exchange should- be at liberty to withdraw from tho transaction.” J.t was further decided to ask the Land Agents’ Asociation to consider the question of adopting a minimum rate of commission on the, exchange of properties as agaiilst tho present custom, which permits of full commisison being charged to both parties to the contract.