Document ID: chunk:federal_register_of_legislation:C1932A00006:body:0:p2
Version: federal_register_of_legislation:C1932A00006
Segment Type: other
Provision Reference: 
Character Range: 2479–5026

which the purchaser or borrower is liable to pay to the Commissioner under this paragraph shall not in any event exceed the sum of Forty pounds; and
       (b) if the Commissioner is satisfied that it is not possible to effect an immediate sale of the property at a reasonable price, he may let the property, upon such terms and conditions as he thinks fit, until such time as, in his opinion, it is possible to effect a sale at a reasonable price, and the rent received shall be applied in the same manner as the proceeds of any sale made in pursuance of this Part.".

(2.) The amendment of the Principal Act made by sub-section (1.) of this section shall be deemed to have commenced on the date of the commencement of the War Service Homes Act 1918, and any action or proceeding taken or instituted, prior to the commencement of this sub-section, under the provisions of any regulation made or purporting to have been made under the War Service Homes Act 1918, or under that Act as amended by any subsequent Act, for the recovery of any money which became due under a contract of sale at any time prior to the date of cancellation of the contract, shall be as valid and effectual as if section thirty-six of the Principal Act, as amended by sub-section (l.) of this section, had been in force at the date of such action or proceeding, and the action or proceeding had been commenced under that section as so amended:

Provided that nothing contained in this section shall affect any judgment of the Supreme Court of a State given, prior to the commencement of this sub-section, in favour of any person in respect of his liability to pay any money which became due under a contract of sale prior to the cancellation of that contract.

4. Section forty-three of the Principal Act is repealed and the following section inserted in its stead:—

Service of notices.
"43.—(1.) Any notice required by this Act to be given may be served personally or by post, and, if required to be given to a purchaser or borrower, shall be deemed to have been duly given—
       (a) if served personally or by post upon the purchaser or borrower either at the dwelling-house purchased from, or in respect of which an advance has been made by, the Commissioner, or at the last known address of the purchaser or borrower; or
       (b) in the event of the death of the purchaser or borrower—
            (i) where probate or letters of administration have been granted—if served personally or by post upon the executor or administrator of the estate of the purchaser or