The Land Bureau has tong been!
charge of the registration Mortgages, and the method of regiesurveyed and certified in respect of its right of ownership and bears a certificate of ownership, n0. applications for the registration of mortgages are granted. Once the Fight of ownership is certified, it would be a simple matter to pro-Jeeed with the sale by auction of the mortgaged property, in case of a default in payment of @ oan on the part of the mortgagor, without the necessity of awaiting the sanction ind decision of the Court. "But in order 10 be fair to both parties concerned, the and "Bureau should supervise the sale by auction, for in Matters of land, such as resirietiens regarding the extent of ownership find the use of land as provided in Articles 14 and 181 of the Land Law, the Bureau is more competent to interpret the law than the Court. In case a sale by auction is disputed, the Land Bureau may refer the whole ease together with all relevant documents to. the Court "for investigation and decision. In this way, both the Interests of the fmortagor and mortgagee will be protected. and "the procedure of sale by auction greatly' simplified.
Text read from the printed page and cleaned; old type leaves the occasional error.