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GAZETTE
JULY/AUGIJST 1984
Practice Notes
Credit Vouchers
As and from September next the Land Registry
propose to do away with Credit Vouchers and, instead,
issue cheques to Solicitors on a monthly basis, i.e., an
account will be furnished to the Solicitor, with a schedule
of cases, together with one cheque for the excess fees
issued to the Solicitor. The Society indicated that this was
a very welcome development.
Conveyancing Notes
Exchange Control —
Central Bank Consent
In a note published in the
Gazette
in April 1982 the
Conveyancing Committee drew attention to the
obligations imposed by Section 5 of the Exchange
Control Act 1954 on Solicitors acting in the purchase of
Irish property for non-residents.
The Central Bank has now advised the Law Society
that they are extending to the members of the Law Society
a general permission to pay purchase monies on behalf of
resident clients to resident Solicitors acting on behalf of
non-resident vendors of Irish property. It will therefore
not be necessary for Solicitors acting for purchasers in
these cases to apply for exchange control permission.
The Solicitors acting for the non-resident vendors of
Irish property will of course continue to be obliged to
obtain exchange control permission for the transfer of
funds to the non-resident client.
The Society welcomes this relaxation of the obligation
previously placed on purchasers' Solicitors.
•
17th July, 1984
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The Alternative to
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A Sa f e g u a rd Solicitors A c c o u n t i ng System incor-
p o r a t i ng o ur u n i q ue cheque A p p l i c a t i on will give
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a c c o u n t i ng ma n u al and f u r t h er
i n f o r ma t i on
w i t h o u t, o f course, anv o b l i i i a l i o n.
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159