Priority of registered interests

(1) Interests appearing in the register shall have priority according to the order in which the instruments which led to 36 their registration were presented to the Registry, irrespective of the dates of the instruments and notwithstanding that the actual entry in the Registry may be delayed. (2) Where an instrument is prepared in the Registry, it shall be deemed to have been presented on the date on which application for its preparation was made to the Registrar. (3) Where several instruments are delivered or sent by post or under cover and are received during the hours of business on any day, they shall be deemed to have been presented simultaneously on that day. (4) Where more than one instrument or application is presented on the same day, or on different days but at so short an interval from each other that in the opinion of the Registrar there is doubt as to their order of priority, the Registrar may refuse registration until he has heard and determined the rights of the parties interested thereunder.