caveat was not in respect of the same estate or interest as the first, he concedes that it was based on the same facts. The distinction sought to be drawn is that the estate or interest asserted by the first caveat was one as beneficiary under a constructive trust whereas the estate or interest asserted under the second caveat was an entitlement to an equitable charge.
I am of the opinion that it is not permissible to look beyond the language of the caveats in order to resolve the issue as to whether the estate or interest claimed in the respective caveats is the same or different.
The situation is that the first caveat asserts an equitable interest as beneficiary of a constructive trust whereas the second asserts an equitable interest without further definition as to the nature of that interest. The estate or interest asserted in the first caveat is within the ambit of that asserted in the second. That asserted in the second is wider than that asserted in the first. The second would comprehend an equitable charge as well as a constructive trust.
Whilst there are some distinctions to be drawn between a constructive trust and an equitable charge it seems to me that to assert a substantive difference between the estate or interest claimed in the respective caveats is to draw too fine a line. Moreover, because the wording in the second caveat asserts an estate or interest in terms sufficient to cover the estate or interest asserted in the first caveat, it is impossible to contend that the second caveat is not lodged in respect of the estate or interest asserted in the first.
I proceed therefore on the basis that s 74O is attracted, such that, in terms of the section, the second caveat has no effect unless the proviso to the section be satisfied.
The evidence before me shows that the Registrar General gave notice to the plaintiff that he intended to remove the recording of the second caveat from the register on the ground that it asserted the same estate or interest as the first. In the present proceedings the plaintiff has joined the Registrar General as the defendant. The registered proprietor of the subject property has not been joined.
On behalf of the Registrar General the view of the effect of s 74O in relation to the second caveat which I have expressed in this judgment was supported. The first claim made in the summons filed by the plaintiff in the present proceedings is for a declaration that the second caveat is not invalid by the operation of s 74O. For the reasons I have given that claim must be refused.
The second claim is for an injunction restraining the Registrar General from cancelling the recording of the caveat. For the same reasons that claim must be refused.
The third claim is in the alternative, being for an order pursuant to the proviso to s 74O granting leave to the plaintiff nunc pro tunc for the lodgment of the caveat.
As I read s 74O, the court has no power to make an order pursuant to the proviso to s 74O which would have retrospective effect. The section provides, as part of the proviso, that any such order or an office copy must accompany the further caveat when lodged with the Registrar General. That part of the proviso could not be complied with in the case of an order which purported to operate in relation to a caveat that has already been lodged. It cannot therefore have been intended by the legislature that the court would have power to make an order which had effect in relation to a caveat already lodged.
My attention has been drawn to s 74L. However, I am of the opinion that that section has no application which would enlarge the power of the court in the way sought by the plaintiff.
It follows that the claim for an order pursuant to the proviso to s 74O must be refused.
The plaintiff's summons claims such further or other order as the court sees fit. Counsel for the plaintiff submits that the court should at least now make an order pursuant to the proviso in order to enable a further caveat to be lodged. I am of the opinion that in the circumstances of this case it is appropriate for the court to grant that relief. The circumstances in which the first caveat lapsed do not seem to me to be such as to make it just and reasonable that the plaintiff should be denied the protection of its claimed interest by caveat.
Accordingly, I propose to make an order pursuant to the proviso. I have mentioned that the registered proprietor has not been joined as a defendant to these proceedings. I am in some doubt as to whether that ought to have been done. It is appropriate in those circumstances for me to direct that a copy of the orders which I will make and a copy of this judgment be served on the registered proprietor and that I give liberty to apply to the registered proprietor.
What I have said in that regard and the direction I propose to give in that regard should not be construed as a decision by me that the registered proprietor has a right to be heard in relation to the proceedings. I express no view in that regard either way.
Mr Wright on behalf of the Registrar General applies for an order for the costs of the present proceedings. Counsel for the plaintiff submits there should be no order as to costs. The position is that although interesting arguments were raised in support of the summons, the plaintiff has failed in its case against the Registrar General and the order which it has obtained is not one which the Registrar General gave notice it would oppose, nor did the Registrar General oppose that order.
In these circumstances, costs should follow the result in the ordinary way. The plaintiff is ordered to pay the Registrar General's costs of the summons.
I make an order pursuant to paragraph 1 of the short minutes of order dated 27 January 1999 which I have initialled. I note paragraph 2. I make orders pursuant to paragraphs 3,4,4A,5 and 6 of the short minutes of order.
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