12.- (1) This Act shall take effect as from the fourth day of August, 1914, but where any' proceeding has been taken or act done or any event has taken place since the fourth day of August, 1914, and prior to the passing of this Act, which it is declared by sections 2 and 3 shall not be taken or done or take place without the order of a judge, a Judge of the Supreme Court sitting in chambers, the local Judge of the Supreme Court, or the judge of the proper county or district or division court, as the case may be, upon application made as provided in section 2, and upon such terms and subject to such conditions as he may deem just, may confirm and validate such proceeding or act or declare that the event has taken place.

(2) An order made under subsection 1 may be registered in the proper registry or land titles office.

(3) Where in a land titles office any transfer has been registered on or after the fourth day of August, 1914, made under a power of sale contained in a mortgage or charge executed before that date, or where any transfer or vesting order carrying out the sale under the authority of an order or judgment of a court made for the purpose of enforcing such a mortgage or charge, has been so registered or where proceedings on a final order of foreclosure of such a mortgage or charge have been entered, the proper master of titles as soon as may be after the passing of this Act shall enter a note on the register of the lands prohibiting further dealings with the land transferred or in respect of which the foreclosure has been entered.

(4) The note shall refer to this Act and shall have the effect of preventing further dealings with the land until a confirmatory order has been obtained under subsection 1 and duly registered or such other proceedings have been taken as will confirm the title obtained or will revest the title in the owner of the equity of redemption.