Page images
PDF
EPUB

other incumbrances affecting the estate, their possession as mortgagees ought not to be disturbed.

1803. LATOUCHE

υ.

Ld. DUNSA

NY.

υ.

Chamley insisted that he was entitled to hold for his own use the lease of Castleknock, but admitted that he had always Ld.DUNSANY been a trustee for Warren as to the lease of Courtduffe. But LATOUCHE. with respect to this, it appeared that Chamley had charged Warren with the expense of certain improvements made on the lands of Castleknock, and had got credit for such expense; that Chamley had affirmed, when soliciting Lord Dunsany's confirmation of his leases, that he held Castleknock in trust for Warren; and that the confirmation of 1785 went as fully to Courtduffe (which was admitted to be a trust) as to Castleknock.

These causes now came on, upon a re-arguing of the exceptions taken in the original cause, and a re-hearing of the cross cause in which the bill had been dismissed by the master of the rolls, in May 1802.

Mr. Burston, Mr. Plunket, Mr. Moore, and Mr. Parsons for Lord Dunsany and the other plaintiffs in the cross cause.

Messrs. Latouche are to be considered first as custodees in possession under the custodiams obtained by them. 1776, and the assignment of Trant's custodiam; on the foot of these they got into possession of the entire estate of Warren; there is no proof of any account having been settled on the foot of this possession or of these demands, and the first question is, how the Messrs. Latouche are now to account for the rent of this estate. The rent-roll was upwards of 1,100l. per ann. at the time of their getting into possession, sufficient to have overpaid them long since ; yet they have given credit for 1,100% only as received by

1803.

LATOUCHE

บ.

Ld. DUNSA-
NY.

[ocr errors]

LATOUCHE.

them down to 1786, and they contend they should account only for what they actually received. But we insist they should account as all other creditors in possession are bound to do. A mortgagee may make leases, and therefore he is Ld. DUNSANY bound to account for the rent, at which he might, without his wilful default, have let the land: but under custodiams the land is let by the court, and therefore the custodee is accountable only for the rent reserved by the court: but subject to this distinction, both must account in the same way, and the custodee must account for so much of the rent reserved upon these leases made by the court, as he anight without his wilful default have received. It is argued that as to subsequent judgment creditors, the account should be taken differently from what it would be as to mortgagees or elegit creditors. But the contrary follows from the rules and practice of the court: a judgment creditor may redeem, and consequently call for an account, and there can be no difference in the mode of taking it when called for by a judgment creditor. It is no objection to a judgment creditor calling for an account in this court, that he is not entitled in the court of Exchequer to call a custodee to account: that arises only from a defect of jurisdiction on the revenue side of that court, and if there is any weight in this objection, it applies equally to elegit creditors, and the argument would therefore prove too much. Here too were mortgagees, and having knowledge of these and of the other incumbrances, and having kept them out, Messrs. Latouche are now bound to account for what they suffered the debtor to receive: Bentham v. Haincourt, Prec. Chan. 30, Coppring v. Cook, 1 Vern. 270. Maddocks v. Wren, 2 Rep. Ch. 109. Chapman v. Tanner, 1 Vern. 267. It would be mischievous were it to be otherwise: a party taking pos session in this way holds himself out to the world as the person who has taken upon him to apply the rents. On these grounds therefore the first account should be taken on the

1803.

v.

Ld. DUNSA

foot of the possession under the custodiams until Messrs. Latouche might have paid themselves by perception of the LATOUCHE rents received under the custodiam leases; and from thence they should account as any strangers ought who had obtrud- NY. ed themselves upon the possession of these lands, for what Ld.DUNSANÝ they made, or without wilful default might have made.

It is material to observe the circumstances under which Messrs. Latouche took the mortgage of 1786; no money was then advanced : It was made up of the sums due on their judgments and custodiams, together with those of which Chamley gave and procured assignments: no account whatever was taken on the foot of these several judgments, nor of the rents received by Messrs. Latouche, and this mortgage was not registered until a few days ago; the Messrs. Latouche however filed their bill for a sale on the foot of it, and have obtained a report, the effect of which is to give them the benefit of this mortgage by tacking it to the early mortgages of which they have obtained assignments, to the prejudice of the intervening incumbrancers. On the other side, on behalf of those incumbrancers, we contend that according to the true construction of the registry act (6 Ann. c. 2.) Messrs. Latouche are not entitled in any way to avail themselves of that mortgage either against Lord Dunsany's mortgage or against the intervening judgments.

[ocr errors]

By sect. 4. of that act every deed or conveyance a me"morial whereof shall be duly registered" (as there prescribed) “shall be deemed and taken as good and effectual "both in law and equity according to the priority of time "of registering such memorial for and concerning the ho"nors, manors, lands, &c. in such deed or conveyance " mentioned or contained, according to the right, title and "interest of the person or persons so conveying such hon"ors, &c. against all and every other deed, conveyance, or

[blocks in formation]

v.

LATOUCHE.

[ocr errors]
[merged small][merged small][ocr errors]

Ld. DUNSA

NY.

V.

LATOUCHE.

[ocr errors]

position of the honors, manors, lands, &c. or any part "thereof comprized or contained in any such memorial "aforesaid." And by sect. 5, "Every deed or convey

[ocr errors]
[ocr errors]

ડર

ance not registered, of any of the honors, manors, lands, Ld. DUNSANY &c. comprized or contained in such deed or conveyance "a memorial whereof shall be registered, shall be deemed “and adjudged as fraudulent and void, not only against "such deed or conveyance registered as aforesaid, but like"wise against all and every creditor and creditors by judgment, recognizance, statute merchant, or of the staple, as "for and concerning all or any of the honors, manors, lands, "&c. contained or expressed in such memorial registered as "aforesaid." The question upon this act arises in two ways: first, whether the mortgage of 1786, which was not registered until the hearing of the cause may be tacked to the early mortgages as against Lord Dunsany's mortgage which was registered immediately on its execution ;-or secondly, as against the intervening judgments; and we contend it cannot. Consider it first as to the mortgage. If an unregistered or a subsequently registered deed could in any way be made to acquire validity against a previously regis tered deed, the express provisions of the act would not be complied with; which are that every deed shall be valid and effectual according to the priority of its registry. There is no exception in the act as to priority to be gained by tacking, though it was a well known mode of gaining priority at the time of passing the act, and if it were intended to have been excepted it would have been excepted in express terms. But' the words of the act are that " every deed shall be good "and effectual according to the priority of the time of registry." Now a deed may operate either per se, or may` acquire operation by annexing (i. e. tacking) it to another both modes of operation were well known at the time of passing the act, and the legislature must from the broad terms

1203.

LATOUCHE

V.

Ld. DUNSA-
NY.

V.

LATOUGHE

they have used have intended to take away both direct and collateral efficacy from the unregistered or subsequently registered deed as against one previously registered. All the mischief which the act meant to prevent would be let in, and all the efficacy which was meant to be given to registry Ld. DUNSANY would be destroyed if tacking were to be permitted; for then a person deriving under an unregistered or a subsequently registered deed might by procuring an assignment of an old term render his subsequent deed valid and effectual against deeds previously registered. It has been said that if a purchaser sees on the registry a subsisting elder incumbrance, he is aware of it, and that if he means to secure himself against tacking, he should give notice of his deed to the holder of the prior incumbrance; but that would not avail: the notice must be to the person subsequently obtaining an assignment of this old incumbrance for the purpose of tacking, and who must or may be then unascertained. Besides, the legislature did not intend that any notice should be necessary to be given by a purchaser for his protection; they meant simply what they have said, that every deed should "be valid and effectual according to its registry." This construction of the fourth sect. is confirmed too by the provisions contained in the fifth sect, and this will lead to the second question, viz. whether this mortgage of 1786 can be tacked to the old mortgages to the prejudice of the intervening judgments.

It is admitted that there is no provision in the act for giving judgment creditors generally any priority against unregistered deeds. The words of the act are," shall be deem"ed fraudulent and void not only against such deed "or conveyance registered as aforesaid, but likewise against every creditor by judgment, &c. concerning any of the lands contained in the memorial of such "registered deed," and therefore before any question

[ocr errors]
« PreviousContinue »