newtown farm south gorley, fordingbridge sp6 2pw · purchasers every satisfaction. directions...

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By direction of P H Hockey Esq NEWTOWN FARM SOUTH GORLEY, FORDINGBRIDGE SP6 2PW Dispersal Sale by Auction On the Premises of FARM IMPLEMENTS, MACHINERY. DEADSTOCK & MISCELLANEA Also Lots included by permission Lot 329 ON FRIDAY 8 th NOVEMBER 2013 Commencing at 10.30 am Prompt Auction offices The Livestock Market Salisbury Auction Centre Christy’s Lane Netherhampton Road Shaftesbury Salisbury SP7 8PH SP2 8RH Tel 01747 851735 Tel 01722 321215 www.salisburyauctioncentre.co.uk

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Page 1: NEWTOWN FARM SOUTH GORLEY, FORDINGBRIDGE SP6 2PW · purchasers every satisfaction. Directions Newtown Farm, South Gorley is between Fordingbridge and Ringwood on the ... 138 QUANTITY

By direction of P H Hockey Esq

NEWTOWN FARM SOUTH GORLEY, FORDINGBRIDGE SP6 2PW

Dispersal Sale by Auction On the Premises of

FARM IMPLEMENTS, MACHINERY. DEADSTOCK & MISCELLANEA

Also Lots included by permission

Lot 329

ON FRIDAY 8th NOVEMBER 2013

Commencing at 10.30 am Prompt Auction offices

The Livestock Market Salisbury Auction Centre Christy’s Lane Netherhampton Road Shaftesbury Salisbury SP7 8PH SP2 8RH Tel 01747 851735 Tel 01722 321215

www.salisburyauctioncentre.co.uk

Page 2: NEWTOWN FARM SOUTH GORLEY, FORDINGBRIDGE SP6 2PW · purchasers every satisfaction. Directions Newtown Farm, South Gorley is between Fordingbridge and Ringwood on the ... 138 QUANTITY

Foreword This Sale is called on behalf of Philip Hockey who has decided to give up full time farming, the farm & shop having been sold. There is a very wide range of lots on offer with large quantities of livestock equipment for both cattle and sheep together with a selection of mainly grassland implements and machinery, which should give prospective purchasers every satisfaction.

Directions Newtown Farm, South Gorley is between Fordingbridge and Ringwood on the local road which runs parallel and to the east of the main A338 Salisbury to Bournemouth trunk road. From Salisbury take A338 towards Ringwood/Bournemouth and after passing Fordingbridge go for 1 ½ miles then left turn after passing car wash garage proceed down Lawrence Lane for 1/3 mile and fork right. Go through ford round double bends and further ¼ mile farm will be found on the left, entrance to the car park is via Newtown Lane to the left. From Ringwood/Bournemouth and A31 take A338 towards Salisbury and on the outskirts and just before the village of Ibsley turn right before the Old Beams Public House. Follow the road for ½ mile and turn left at ‘T’ junction, go past Ibsley Service Station and turn right into Newtown Lane as above. Please park tidily and with consideration to others, the auctioneers temporary direction signs will be posted on sale morning in the usual way.

Viewing The goods for sale may be viewed on the day prior to the sale between 10 am and 4 pm and on sale morning from 8.30 am onwards. Any enquiries should be directed to Simon Whaley at the auctioneers 07971 571612 or Philip Hockey 07833 622068.

Refreshments Hot and cold refreshments by Laneside Catering.

Toilets Toilet facilities will be available on site.

Payment This Auction is conducted on a PAY ON THE DAY BASIS and all payments should be made immediately after the sale and not later than one hour after the last lot has been offered. Purchasers unknown to the Auctioneers should either bring with them a Bankers Draft, sufficient cash to pay for their purchases or if wishing to pay by cheque a supporting letter from their Bankers. Please note credit/debit cards may be acceptable but prospective purchasers should also bring an alternative method of payment. If a credit card is used there will be an addition charge of 2%.

Page 3: NEWTOWN FARM SOUTH GORLEY, FORDINGBRIDGE SP6 2PW · purchasers every satisfaction. Directions Newtown Farm, South Gorley is between Fordingbridge and Ringwood on the ... 138 QUANTITY

NO CREDIT WILL BE ALLOWED. PURCHASERS ATTENTION IS DRAWN TO THE CONDITIONS OF SALE.

Removal of goods All goods become the responsibility of the purchaser at the fall of the hammer. Please remove goods as soon as possible after payment and in any case by Friday 15th November 2013. Any goods remaining after that date may be disposed of at no cost to the Auctioneers or their clients.

Commission bids

The Auctioneers will be pleased to execute commission bids on behalf of prospective purchasers providing such commissions are given to the Auctioneers in writing prior to the start of the sale.

Important please note The Auctioneers and their clients accept no liability for any damage or injury to persons, plant or equipment etc at this sale and all attend at their own risk. Buyers should ensure that lots comply with current health & safety standards before use.

Warranties All lots are sold as seen without any warranty whatsoever except where specifically stated at the time of sale.

Value added tax There is value added tax to be added to the hammer price at this sale at the standard rate.

Conditions of sale Your attention is drawn to the conditions of sale printed at the back of this catalogue.

IMPORTANT NOTICE TO ALL PROSPECTIVE PURCHASERS AT THIS AUCTION

Purchaser identification numbers. Every prospective purchaser must call at the sales office on the sale site to register their name & address and collect their purchaser identification number This purchaser identification number must be shown to the auctioneer at the time of each purchase (instead of giving name) The auctioneer will sell only to purchaser identification numbers – not to names and there will be no exception to this rule Please collect your identification number well before the start of the auction Your co-operation is very much appreciated

Page 4: NEWTOWN FARM SOUTH GORLEY, FORDINGBRIDGE SP6 2PW · purchasers every satisfaction. Directions Newtown Farm, South Gorley is between Fordingbridge and Ringwood on the ... 138 QUANTITY

Catalogue Commencing in the large barn at the farm buildings

At 10.30 am prompt

1-10 NUTS & BOLTS TO BE SOLD IN CONVENIENT LOTS 11 PULLEY BLOCK 12 13-14 PLAIN WIRE 15-16 WIRE HAWSERS 17 ELECTRIC 3 CORE WIRE 18 19 QUANTITY ROPE 20-21 LOAD STRAPS 22 VARIOUS WOODEN TENT POLES AND PEGS 23-27 VARIOUS WORKSHOP TOOLS 28 29-33 VARIOUS FARM HAND TOOLS 34-35 AXLE STANDS 36 NEW STARTER MOTOR 37 LORRY LIGHTS 38 AIR FILTER (LARGE) 39 VARIOUS SUNDRY AIR FILTERS 40 FUEL TANK (FRONT MOUNTING FOR TRACTOR) 41-42 BOTTLE JACKS 43 RATCHET JACK 44 20 TON TROLLEY JACK 45 JUMP LEADS 46 HYDRAULIC HOSE & CONNECTORS 47 GREASE GUN 48 BARREL PUMPS 49 OIL MEASURES & FUEL FUNNELS 50 HAND SPRAYER 51 SPRAY REEL & LANCE TO FIT AGRICULTURAL SPRAYER 52 53 VARIOUS PTO SHAFTS 54 PART ROLLS BALER STRING 55-56 SACK TRUCKS 57 WORKSHOP PERSONNEL SLIDING TROLLEY 58 59 ELECTRIC COW LIFTER 60 CALVING JACK 61 CALF MILK FEEDER 62 4 WHEELED TROLLEY 63 4 WHEEL TROLLEY 64 3 WHEEL FEED BARROW 65 66 CHEST FREEZER WITH PAT TEST 67 DEWALT BENCH CHOP SAW WITH PAT TEST 68 OXFORD WELDER - SINGLE PHASE WITH PAT TEST 69-70 VARIOUS WELDING RODS 71 72 MASPORT PEDESTRIAN PETROL MOWER 73 OXYACETYLENE GAUGES, NOZZLES & TROLLEY 74 STARJET 100 STEAM CLEANER WITH PAT TEST

Page 5: NEWTOWN FARM SOUTH GORLEY, FORDINGBRIDGE SP6 2PW · purchasers every satisfaction. Directions Newtown Farm, South Gorley is between Fordingbridge and Ringwood on the ... 138 QUANTITY

75 LAYCOCK SINGLE PHASE AIR COMPRESSOR WITH PAT TEST 76 AIR LINES, TYRE GAUGE INFLATOR, SPRAY GUN ETC AS USED WITH

COMPRESSOR 77-80

Lots 81-100 Introduced by permission The property of local farmers

81 VARIOUS FARM HAND TOOLS 82 FERGUSON LINKAGE AND TOP LINK 83 WOODEN LADDER 84 ALUMINIUM EXTENDING LADDER 85 ELECTRIC FENCER UNIT 86 BACON SLICER 87 2 MILK CHURNS 88 CALVING JACK 89 PETROL GENERATOR 90 SUNDRIES 91 3 PHASE WORKSHOP COMPRESSOR 92-93 POKER DRIVE UNIT WITH SNAKE, HONDA PETROL ENGINE GWO 94 SIDE WINDOW GUARD TO FIT MF 4345 TYPE TRACTOR FOR HEDGECUTTER 95-96 5 SODIUM FLOODLIGHTS 97-100

In the sale field immediately after the sale in the barn 101 SCRAP IRON 102 SCRAP LORRY CONTAINER 103 PART ALUMINIUM CATTLE LORRY CONTAINER 104 SAWN WOODEN PLANKS 105 SAWN TIMBER 106-108 2 TARPAULINS 109 110-112 LARGE POLYSTYRENE SHEETS 113-114 BOX PROFILE ROOFING SHEETS 115-116 CORRUGATED GALVANISED IRON 117 118 GALVANISED WATER TANK 119 GALVANISED WASTE BINS 120 121 PART CHILDRENS ROUNDABOUT 122 DOUBLE GLAZED WINDOW UNITS 123 124-128 WOODEN BUTCHERS BLOCK 129 STAINLESS STEEL TABLE BASE 130 POLYTHENE WATER PIPE 131 132 PVC RAINWATER PIPING & GUTTERING ETC 133 TWO 15.5 X 80 TYRES EX TELEHANDLER 134 FIVE 215/75R TYRES EX LORRY 135 WOODEN LADDER 136 ALUMINIUM EXTENDING LADDER 137 138 QUANTITY CONCRETE BLOCKS ON PALLET 139-144 PAVING SLABS ON PALLET (APPROX 48) 145-147 WOODEN CRATE OF ROOFING TILES

Page 6: NEWTOWN FARM SOUTH GORLEY, FORDINGBRIDGE SP6 2PW · purchasers every satisfaction. Directions Newtown Farm, South Gorley is between Fordingbridge and Ringwood on the ... 138 QUANTITY

148-150 WOODEN TELEGRAPH POLES 151 152 QUANTITY PLAIN WIRE 153-155 QUANTITY BARBED WIRE 156 WIRE REINFORCING 157-159 WIRE NETTING 160 161-170 TUBULAR STEEL FIELD GATES TO BE SOLD IN CONVENIENT LOTS 171

Livestock Equipment 172-173 STEEL CATTLE HURDLES 174 LARGE STEEL CATTLE HURDLES 175 176-185 CIRCULAR CATTLE FEED RING 186-200 GALVANISED FEED TROUGH (SHEEP/CATTLE) 201-210 GALVANISED WATER TROUGH 211-213 8' WHEELED GALVANISED SHEEP FEEDER 214 12' WHEELED GALVANISED SHEEP FEEDER 215 216-218 FREE STANDING HAY RACK WITH TROUGH UNDER 219 220-222 FREE STANDING HAY RACK (NO TROUGH) 223-230 TWO 8' WALK THROUGH SHEEP FEEDERS 231 GALVANISED SHEEP TURNOVER CRATE 232 233-242 RIDLEY RAPPA WIRE STAKES & CORNER POSTS 243-244 CATTLE CRUSH 245 CATTLE CRUSH WITH WEIGHING FACILITY 250 WOODEN SAILING BOAT (BELIEVED 1904) NEEDS SOME RESTORATION WITH

BRASS INBOARD MOTOR

Lots 251-280 Introduced by Permission The property of local farmers

251-255 FREE STANDING HAY RACK WITH TROUGH UNDER 256 FREE STANDING HAY RACK 257-280

Farm Implements and Machinery 281 REFIGERATED CHILLER CONTAINER (MOTOR BELIEVED WORKING) ON SCRAP

LORRY CHASSIS 282 CHILLER TRAILER (BELIEVED WORKING ORDER) 283 284 ELECTRIC CEMENT MIXER WITH PAT TEST 285 TEAGLE PTO DRIVE CEMENT MIXER 286 10KVA GENERATOR WITH 4 CYLINDER FORD DIESEL ENGINE 287 288-289 BALE SPIKE 290 STEEL TRANSPORT BOX 291 SUTTON PTO DRIVE ROAD BRUSH 292 TRUKLODER PTO DRIVE WOOD CHIPPER 293 LELY MOUNTED SPRAYER - NOT USED RECENTLY 294 SET 3 DRAG HARROWS & WHIPPLE TREE 295 MOUNTED MANUAL FOLDING CHAIN HARROWS

Page 7: NEWTOWN FARM SOUTH GORLEY, FORDINGBRIDGE SP6 2PW · purchasers every satisfaction. Directions Newtown Farm, South Gorley is between Fordingbridge and Ringwood on the ... 138 QUANTITY

296 HUNTS MOUNTED PTO DRIVE SEED BOX 297 TANCO AERWAY 3 POINT LINKAGE MOUNTED AERATOR C/W WEIGHT TRAY 298 AMAZONE ZAU 1501 FERTILISER SPREADER WITH COVER 299 AMAZONE ZAU 1501 FERTILISER SPREADER WITH COVER 300 MAJOR 1300 GALLON VACUUM TANKER RECENT NEW MOTOR 301 TWOSE NODE NIPPER OFFSET FLAIL TOPPER 302 POTTINGER NOVA DISC 265 MOUNTED MOWER DONE LITTLE WORK 303 JOHN DEERE 1360 MOWER CONDITIONER 304 PZ HAYBOB HAY TURNER 305 9’ FLAT ROLLER 306 BROWNS FLAT 8 BALE GRAB 307 CLAAS ROLLANT 44S ROUND BALER 308 MCHALE F540 ROUND BALER, ONLY DONE 2600 BALES VGWO

Trailers 309 RICE LAMBORNE 4 WHEEL HORSE TRAILER 310 2 WHEEL STEEL LANDROVER TRAILER 311 312 ARTICULATED TRAILER WITH MOUNTED SHEEP DIP AND FIFTH WHEEL

COUPLING (NOT USED RECENTLY) 313 2 WHEEL FLAT BED TRAILER - BALL HITCH 314 18' WHEEL FLAT BED TRAILER - BALL HITCH 315 30' STEEL BED ARTICULATED TRAILER WITH FIFTH WHEEL COUPLING 316 FRASER TWIN AXLE TIPPING TRAILER 317 RICHARD WESTERN TANDEM AXLE TIPPING TRAILER - DOUBLE SKIN

Page 8: NEWTOWN FARM SOUTH GORLEY, FORDINGBRIDGE SP6 2PW · purchasers every satisfaction. Directions Newtown Farm, South Gorley is between Fordingbridge and Ringwood on the ... 138 QUANTITY

318 IFOR WILLIAMS TA 510G 3-14' TRI AXLE LIVESTOCK TRAILER WITH SPARE WHEEL & PARTITION. SERIAL NO 90557787 - AS NEW VGC

319-320

Telehandler and Tractors 321 JOHN DEERE 3400 4WD TELEHANDLER APPROX 8200 HOURS. REG NO

HF03UUP C/W PALLET FORKS

Page 9: NEWTOWN FARM SOUTH GORLEY, FORDINGBRIDGE SP6 2PW · purchasers every satisfaction. Directions Newtown Farm, South Gorley is between Fordingbridge and Ringwood on the ... 138 QUANTITY

322 BALE SPIKE AS USED WITH TELEHANDLER 323 DUNG GRAB AS USED WITH TELEHANDLER 324 FRONT BUCKET AS USED WITH TELEHANDLER 325 326 MASSEY FERGUSON 165 TRACTOR REG NO ADL 677L C/W FLEXICAB 327 JOHN DEERE 2140 4WD TRACTOR SG2 CAB APPROX 8800 HOURS, REG NO

B868 RPR GOOD TYRES

Page 10: NEWTOWN FARM SOUTH GORLEY, FORDINGBRIDGE SP6 2PW · purchasers every satisfaction. Directions Newtown Farm, South Gorley is between Fordingbridge and Ringwood on the ... 138 QUANTITY

328 JOHN DEERE 3350 4WD TRACTOR APPROX 11300 HOURS, REG NO L731 ECG ON GOOD TYRES

329 MCCORMICK MC115 4WD TRACTOR, FRONT WEIGHTS, APPROX 6700 HOURS

REG NO WK52VSO, VERY GOOD CONDITION 330

Lots 331-390 Introduced by permission The property of local farmers

331 3 PRONG BALE SPIKE 332 OLD BUCKRAKE 333 FINGER & PLATE WHEELED FERTILISER DISTRIBUTOR 334 DRAG CHAIN HARROWS & POLE 335 FERGUSON MOUNTED DRAG HARROWS 336 YARD SCRAPER 337 RIGID 9 TINE CULTIVATOR 338 SINGLE CAMBRIDGE ROLLER 339 FLAT SEGMENT ROLLER 340 TWOSE 4 TON FLAT ROLLER 341 VICON 402 FERTILISER SPINNER - MANUAL CONTROL 342 JF 2 DRUM MOWER 343 BRITISH LELY HAY TEDDER 344 LISTER BLACKSTONE BALE ELEVATOR WITH PETROL ENGINE 345 VOTEX 9' PTO DRIVE TOPPER 346-347 WOODEN FLAT BED TRAILER 348-349 TWIN WHEEL WOODEN FLAT BED TRAILER 350 SMALL TIPPING TRAILER 351 352 20' BALE TRAILER WITH NEW WOODEN FLOOR AND HYDRAULIC BRAKES 353 DOWDESWELL DP8 3+1 FURROW REVERSIBLE PLOUGH

Page 11: NEWTOWN FARM SOUTH GORLEY, FORDINGBRIDGE SP6 2PW · purchasers every satisfaction. Directions Newtown Farm, South Gorley is between Fordingbridge and Ringwood on the ... 138 QUANTITY

354 MASSEY FERGUSON MOUNTED DISC HARROWS 355 FLAT SEGMENT ROLLER 356 PARMITER 5 SECTION MOUNTED DRAG HARROWS 357 VICON VARISPREADER 358 SPRINGTINE HARROW 359 LEYLAND 344 TRACTOR REG NO YUR 561J 360 CAKE CRACKER 361 CHAFF CUTTER 362 HORSE POWERED DRIVE GEARING 'JINNY WHEEL 363 BARN PLATFORM SCALES - PARNALL & SONS 364 LISTER 'D' TYPE STATIONARY ENGINE ON TROLLEY 365 BAMFORDS TRAILED FINGER MOWER 366 OLD TIPPING TRAILER 367 OLD TIPPING TRAILER 368 OLD TRAILED CULTIVATOR 369 IAE CATTLE CRUSH 370 IAE FOOT TRIMMING ATTACHMENT 371 YARD SCRAPER 372 MAJOR MT26-200 TOPPER FRONT OR REAR MOUNTED WITH SIDE SHIFT,

WORKING ORDER WHEN LAST USED 373 SANKEY 3 TON 2W MOD TYPE TRAILER GOOD CONDITION GWO 374 BUSH HOG ROUGH CUT TOPPER 375 LELY HAYBOB GWO 376 HAY TEDDER/SIDE FLINGER 377 SHIBARU RIDE ON DIESEL TRACTOR 378 5/3 ½ DIESEL CEMENT MIXER 379 6M FOLDING MOUNTED CHAIN HARROWS WO 380 DAVID BROWN 885 TRACTOR C/W DB FRONT LOADER & DUNG FORK, GOOD

ORIGINAL CONDITION ‘V’ REG, ONE LADY OWNER FROM NEW 381 VOLVO FL6 11 TIPPER LORRY GWO 382 CHIEFTAN 10 TON SKIP TRAILER, AUG 2008, EXCELLENT CONDITION

To be sold in Situ In the covered yard

394 APPROX 60 ROUND BALES 2012/2013 HAY 396 APPROX 20 ROUND BALES 2010 PEA HAULM 398 APPROX 110 ROUND BALES 2012 WHEAT STRAW

In the Yard

400 20 TON GALVANISED BULK FEED BIN – BUYER TO REMOVE

Page 12: NEWTOWN FARM SOUTH GORLEY, FORDINGBRIDGE SP6 2PW · purchasers every satisfaction. Directions Newtown Farm, South Gorley is between Fordingbridge and Ringwood on the ... 138 QUANTITY

Conditions of Sale PLEASE READ THESE CONDITIONS BEFORE YOU BID, ONCE YOU BID YOU AGREE TO BE BOUND BY

THEM 1. The highest bidder for any lot shall be the Purchaser and if any dispute should arise between 2 or more bidders the lot may be put up again at the highest undisputed bidding and resold or the Auctioneers may determine the dispute at their election and their decision shall be final and conclusive. 2. No person at any bidding shall advance less than the sum stated by the Auctioneers at the time of selling nor shall any bidding be retracted. 3. Each Purchaser shall give his or her name and place of abode in writing (if required) and pay the full purchase money at the close of the Sale, or if required, the whole or a portion of the purchase money as the Auctioneers may determine during the course of the Sale. 4. The Auctioneers have described the lots to the best of their ability and belief from the information furnished by the Vendor. The Vendor who supplies such statements is alone responsible for any error or mis-statement which there may be. 5. No lot/s shall be removed from the premises until paid for, but each and every lot shall immediately at the fall of the hammer be considered as, and be and remain in every respect at the absolute risk of the respective Purchaser/s thereof, and shall be removed from the Sale at the Purchasers expense, save as may be provided for under the terms of clause 7 herein. All goods sold will remain the property of the Auctioneers until the purchase price has been paid in full. The purchaser will remain a bailee only until payment is made. 6. The lots are sold as seen with all faults, imperfections and errors of description, neither the Auctioneers nor the Vendor being responsible for the current description, genuineness or authenticity of any fault or defect in any lot, and giving no condition, warranty or undertaking in those regards whatever, whether by law, statute, custom trade usage or otherwise save where such undertaking is required by law to be given. The Purchaser/s hereby agree that they have by reason of his or their own inspection and investigation of the lot satisfied himself or themselves of the accuracy of any description or other statement whatsoever given or made in connection with the sale, and of the state, nature and condition of the said lot. 7. Notwithstanding the provisions of Condition 5, where the Purchaser/s contends after the fall of the hammer but prior to his or their making payment that the Vendor or the Auctioneer has mis-represented the mechanical condition or state or the accuracy of the description of the lot in such a way to have influenced the Purchaser/s in making his or their bid, the Auctioneer may at his sole and absolute discretion have the lot removed to the premises of an independent expert selected by him at his sole discretion for specialist examination which, if necessary or appropriate, may include the dismantling and reconstruction of the lot. If in the opinion of the expert the Purchaser/s claim is justified, then provided there is no contention as to whether or not such a misrepresentation was made, the Vendor shall bear all costs incurred by the expert including those in respect of transport or delivery to his premises and any storage or charge for custody and the Purchaser/s may have the option of cancelling the sale or negotiating a lesser price with the Auctioneer. If in the opinion of the expert the claim of the Purchaser/s is not justified then the Purchaser/s shall bear all of the experts costs, including those of transport and delivery to his premises and any storage or charge for custody. 8. Inasmuch as the Auctioneers act only as Agents for the Vendor, they shall not be held personally liable for any default on the part of either Vendor or Purchaser. 9. No undertaking of the Auctioneers or their servants to take charge of any lots after the Sale, or to forward them to their destination shall be held to impose upon the Auctioneers any legal obligation or vitiate any of the foregoing Conditions. 10. Purchasers paying by cheque must be prepared, if required, to produce a letter of credit from their Banker. 11. In all cases of transfer the original Purchaser shall be held responsible for the purchase money. 12. The Auctioneers reserve to themselves the right of refusing any bidding they may deem it advisable to decline, and of withdrawing any lot/s from the Sale and to sell in such order as they may think fit. 13. Purchasers or their Agents are requested to obtain accounts and delivery orders at the Auctioneers office before leaving the place of Sale, and carefully to examine same. The Auctioneers cannot hold themselves responsible for any errors in accounts or delivery orders unless they are notified of such errors on the day of the Sale. 14. VAT - The Auctioneers will offer the lots for Sale exclusive of Value Added Tax. VAT at Standard Rate will be added when the accounts are made up. 15. All private sales made on the day of sale must be booked through the Auctioneers. 16. On the fourteenth day after the Sale Vendors shall be entitled to receive the purchase price (less commission) of any lot/s provided that the Auctioneers shall have received same and that in the event of any acknowledged debt of the Vendor/s being owed to the Auctioneers the latter shall have the right to set off such debt against the proceeds of Sale.