3032
THE NEW ZEALAND GAZETTE.
[No. 101

mised land, a notice in writing of such election; and if no
such election is made the lessors shall be deemed to have
elected to grant a renewed lease. If the election is to grant
a renewed lease, and the lessee shall refuse or neglect to
execute such renewed lease or a counterpart thereof within
sixty days after such lease or counterpart is tendered to the
lessee for execution, then the lessors may, if the lessors think
fit, by notice in writing given to the lessee in the same manner
as is hereinbefore provided in the case of an election by the
lessors, declare that the lessee’s right to get such renewed
lease is determined, and thereupon the right of the lessee to
have such renewed lease shall be at an end, and the lessee shall
not be entitled to any compensation for improvements or
otherwise, or to any claim for damages. If the election is
made not to grant the lease, then the lessors shall pay to the
lessee on the expiration of the term created by the lease the
value of all substantial improvements of a permanent cha-
racter made by the lessee and then existing on the land, to be
ascertained as follows: A valuation shall forthwith be made
of such improvements by two arbitrators, one to be appointed
by the lessors and the other by the lessee, or by an umpire
appointed by such two arbitrators before entering into the
arbitration. If either party shall fail to appoint an arbi-
trator within twenty-one days after being requested in
writing to do so by the other party, then the arbitrator ap-
pointed by the other party shall alone conduct the arbitration,
and his decision shall be final and binding on both parties.
If there shall be more than one lessee it shall be suffi-
cient if such request is made to one of such lessees.
If the arbitrators shall fail to agree within twenty-one
days, then the valuation aforesaid shall be made by
the umpire appointed by the arbitrators, whose decision
shall be final and binding on both parties. Every such arbi-
tration shall be carried on in the manner provided by “The
Arbitration Act, 1890,” and be subject to that Act in the same
manner as if the reference was a submission to arbitration
within the meaning of that Act and had been made by consent
of parties under written agreement. Each party shall pay
his own costs of any such arbitration, and any costs incidental
to the appointment of an umpire shall be paid equally by the
parties to the arbitration. The sum to be paid for such im-
provements shall be paid to the lessee on the expiration of the
term hereby created, and shall bear interest after that period
at £8 per centum per annum until paid: Provided always that
in no case shall the lessee be awarded or be entitled to be paid
a greater sum for improvements than after the rate of £5 for
every acre or fractional part of an acre of the land demised.
If the lessee shall under the provisions hereinbefore con-
tained become entitled to a renewed lease, then, in order to
ascertain the rent to be paid under such renewed lease, a
valuation of the land shall be made by arbitration in the
manner aforesaid, without the improvements thereon, and the
rent under the renewed lease shall be fixed by the arbitrators
or their umpire at a rate of not more than £7 per centum
or less than £4 per centum on such value, and such rent shall
be payable quarterly in advance, and the lessors shall execute
a lease to the lessee of such land for the term of twenty-one
years at the rent so fixed, and under and subject to the same
covenants, conditions, and restrictions as are in this lease con-
tained or implied, except the provision as to renewal or pay-
ment for improvements. And the lessee hereby accepts this
lease to be held by the lessee as tenant, subject to the
covenants, conditions, and restrictions above set forth, ex-
pressed, or implied.
Dated this day of , one thousand nine
hundred and

The corporate seal of the Aotea District Maori Land Council
was at a meeting of the said Council and pursuant to a resolu-
tion thereof hereto affixed in the presence of—

A.B.,
President of the Council.

C.D., E.F.,
Two Maori Members of the Council.

Signed by the above-named , the lessee, in the
presence of—G. H. [Residence], [Calling or occupation].

Indorsement.

Lease of
Situated in

Correct for the purposes of
the Land Transfer Act.

, Lessor.
, Lessee.

PARTICULARS entered in the Register-book, Vol. ,
folio , the day of , 19 , at
o’clock.

District Land Registrar of the District of

—

Indorsement in the Fold of the Deed.

The District Maori Land Council,
do hereby consent to the land mentioned in the within-
written instrument being alienated as therein set forth.
In witness whereof the common seal of the Dis-
trict Maori Land Council was affixed at a meeting of the Coun-
cil this day of , 19 , in the presence
of—

A. )
B. ) Members of the Council.
C. ) (L.S.)
D. )

—

AGREEMENT.

We, the undersigned, whose signatures are subscribed in the
first column to this agreement, do hereby acknowledge that
on the sale by auction this day of , 190 , of
the property mentioned in the above particulars we were
the highest bidders for and declared the lessees of the lot
mentioned in the second column of this agreement and set
opposite our names, subject to the foregoing conditions of
leasing and at the rentals set over in the third column
thereof, and that we have paid the sums mentioned in the
fourth column of this agreement and also set opposite our
names into the hands of the agents for the Council, and
hereby agree to complete the leasing of the respective lots
leased by us in accordance with the said conditions.

Dated day of , 19 .

—

Notice of Sitting of the Tokerau District Maori Lands Council at Russell.

Tokerau District Maori Lands Administration Office, Auckland, 15th December, 1904.

NOTICE is hereby given that a sitting of the Tokerau District Maori Lands Council will be held at Russell, on the
10th January, 1905, at 10 o’clock in the forenoon, to hear and determine the several matters mentioned in the
Schedule hereunder written, in respect of which applications have been received by me, and all such other matters as
may be lawfully brought before it.

H. F. EDGER, President.

SCHEDULE.

APPLICATIONS FOR CONSENT OF COUNCIL TO LEASE.