30

Board setting forth a copy of the application
for any of the lands included in the pre-
emptive right. Such notice may be served
either personally on the run-holder or by
leaving the same at his last known place of
abode within the Province or at the principal
homestead or station on the run.

65. The applicant for any rural land in-
    cluded in any pre-emptive right shall de-
    posit with the Treasurer of the Waste Lands'
    Board a sum equal to 4s. per acre of the pur-
    chase money, and the remainder he shall pay
    within one week from the date of his appli-
    cation being granted or forfeit such deposit.
    Such deposit, however, shall be immediately
    returned on demand, if the holder of the
    pre-emptive right shall purchase any portion
    of the land applied for.

66. If the holder of the pre-emptive right
    decide upon purchasing any portion of the
    land applied for he shall forthwith pay to the
    Treasurer of the Waste Lands' Board a de-
    posit of 4s. per acre of the purchase money
    of such portion, and if he shall not within
    six weeks thereafter have paid the remainder
    of the purchase money he shall forfeit such
    deposit, together with all right or title to the
    land.

67. Holders of pasturage licences with
    pre-emptive right in connection with pur-
    chased lands, whether under the Canterbury
    Association or the Crown shall be entitled to
    claim pasturage licences over the lands in-
    cluded therein, upon the terms of these
    regulations with a pre-emptive right over
    such land to be exercised subject to these
    regulations as regards notice of appli-
    cation, payment of deposit, and purchase
    money, price of land, and size and shape of
    blocks. If the land covered by such pre-
    emptive right shall be included within the
    limits of a run held by licence under clauses
    50 and 53 the holder thereof on paying rent
    for the same may take credit for the amount
    paid by him in respect of lands covered by
    such pre-emptive right.

68. Nothing in these regulations shall be
    interpreted to affect the legal rights or
    equitable contracts made by the Canterbury
    Association or the Government with holders
    of pasturage licences. But if any person
    holding a licence under the Canterbury Associ-
    tion or the Government shall voluntarily
    resign the same to the Government, he shall
    be entitled to receive a license under these
    regulations, and shall from the date of such
    exchange hold his run at the rate and on the
    conditions specified in these regulations.

69. If any person exchanging his licence
    shall for any period included in the new
    license have paid rent at a higher rate than
    would be payable under such licence, such
    overpayment shall be adjusted at the next
    payment of rent.

70. In the event of improvements having
    been effected by the licensee of a run on any
    land which shall be reserved by the General

Government or by the Provincial Government
under these regulations the licensee shall
receive payment of the value of such improve-
ments, such value to be decided by arbitra-
tion under direction of the Waste Lands'
Board, and to be paid by the Treasurer of
the Waste Lands' Board out of the land
fund.

71. All payments on account of pasturage
    runs shall in future be made on the first day
    of May, at the Land Office at Christchurch,
    and the Waste Lands' Board shall sit at that
    place for the Treasurer to receive the same.

72. All payments to be made on account
    of pasturage runs before the first day of May
    next ensuing shall be made for the portion of
    the year only which shall elapse between
    such day of payment and the said first day of
    May.

73. In calculating the amount of the
    licensed fee and the stock required to be on
    the run, the year commencing on the said
    first day of May shall be deemed to be the
    same year as that for which such part pay-
    ment shall have been made.

74. Nothwithstanding anything contained
    in these regulations, it shall be lawful for the
    Governor, upon the recommendation of the
    Superintendent and Provincial Council, at
    any time, and from time to time, by Procla-
    mation in the Government Gazette of the
    Province, to reserve for the purposes herein-
    after mentioned any lands within the Pro-
    vince, adjacent to or in the neighbourhood of
    any town, now or which may hereafter be
    formed, and to declare that on and from a
    day to be named in such Proclamation, all
    depasturing licenses issued under these regu-
    lations, in respect of such reserved Lands
    shall cease and be of no effect; on and from
    which day all such licenses shall, as respects
    such lands, cease and be of no effect accord-
    ingly. And it shall be lawful for the Go-
    vernor at any time thereafter, by regulations
    to be issued in that behalf according to the
    provisions of the Waste Lands' Act, upon the
    recommendation of the Superintendent and
    Provincial Council, to regulate the occupa-
    tion of the Waste Lands of the Crown within
    such reserved Districts.

Timber.

75. If any tract of land shall have been re-
    served for the sale of the timber thereon, such
    timber may be sold by public auction at an
    upset price, and subject to conditions to be
    fixed by the Superintendent, and the pur-
    chaser shall agree to remove the same within
    a certain time, and all the timber not removed
    within such time may be again put up to
    public auction.

76. No person shall, without a license, cut
    or remove any timber from any waste lands
    of the Crown (except timber which he shall
    have purchased under the last clause) and
    any persons so cutting or removing timber,
    shall be liable to pay the cost of such license