Treaty of Peace Regulations
53Title to be the best title vested in Custodian
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53 Title to be the best title vested in Custodian
(1) The title that shall issue to the purchaser of a property shall be the best title vested in the Custodian from the former owner of the property:
Provided that gold, silver, copper, tin, antimony, and metals of every description, opals, gems, precious stones, and coal, shale and mineral oils, on, in or under all lands, shall not become the property of the purchaser.
(2) Where the title to any property purchased from the Custodian is incomplete, the purchaser may complete the title by fulfilment of the conditions thereof, or, in the case of any leaseholds offered by the Custodian with the right to convert to conditional freehold, may, with the consent of the Administrator, convert to a conditional freehold, but any such completion or conversion shall be at the purchaser’s expense.
(3) Every title shall be subject to any laws or Ordinances of the Territory of New Guinea from time to time in force relating to land.