New South Wales Consolidated Acts

WALKER TRUSTS ACT 1938 - SECT 3

3 Land in First Schedule

(1) The trustee of the will and codicil of Thomas Walker deceased shall be deemed to have purchased and the trustee of the will of Dame Eadith Campbell Walker shall be deemed to have sold the land in the First Schedule to this Act described for the sum of sixty five thousand pounds and the land in the Second Schedule to this Act described for the sum of one thousand and twenty-five pounds.

(2) The trustee of the will of Dame Eadith Campbell Walker deceased upon receiving payment from the trustee of the will and codicil of Thomas Walker deceased of the said purchase money for the land in the Second Schedule to this Act described shall convey to the body corporate by this Act created and named The Thomas Walker Convalescent Hospital the said land for an estate in fee simple and thereupon the said body corporate shall hold the said land as part of The Thomas Walker Convalescent Hospital.

(3) Any assurance of the said land made in pursuance of the preceding subsection of this Act shall be free from the payment of stamp duty under the provisions of the Stamp Duties Act 1920-1933 .