§ Sir JOHN RANDLESasked the Attorney-General whether he is aware that, 264W according to a, recent decision of the Court of Chancery, the law now is that a purchaser of property in possession must, in order to retain the benefit of such a purchase, prove that he has given adequate value for such property; and, seeing that the effect of such an equity must ultimately be to injure property owners and to put an end to freedom to contract without the sanction of he Court of Chancery, whether he will consider the advisability of the appointment of a Committee, or otherwise, to consider the Amendment of the Sales of Reversions Act of 1867 in this respect?
§ Sir RUFUS ISAACSI understand that the hon. Member refers to the case of Townendv. McVittie which was tried before Mr. Justice Warrington, but the effect of the judgment is not as stated by the hon. Member. I have read his lordship's judgment, which was affirmed by the Court of Appeal and the House of Lords, and I see no reason for adopting the course suggested in the latter part of the question.