1798
THE NEW ZEALAND GAZETTE.
[No. 70

9. The lessee shall once a year during the said term, and
   at the proper season of the year, properly cut and trim all
   live fences now on the demised land, or which may be
   planted thereon during the said term.

10. The rent shall be payable half-yearly in advance, free
    from all deductions whatsoever.

11. The lease shall be liable to forfeiture in case the lessee
    shall fail to fulfil any of the conditions of the said lease
    within sixty days after the date on which the same ought to
    be fulfilled.

12. The lease of Reserve 3713 will contain provisions that
    the land shall be used for quarrying and burning lime only,
    and that such work shall be carried on continuously during
    the term of the lease, and that the lessee shall sell lime for
    agricultural purposes at a price not exceeding £1 5s. per ton
    at the kiln, and for building purposes at a price not exceeding 5s. per sack at the kiln.

13. The lease of Reserve 1839 will contain a provision that
    the land shall be used for grazing sheep only, but that if the
    lessee desires to graze cattle or horses upon any portion of
    the reserve he shall first securely fence off the planted portion of the reserve with a good and sufficient fence, and
    shall not allow any cattle or horses to enter the plantation
    so fenced off.

14. The lease of Reserve 3488 will contain provisions that
    the lessee may break up the portion of the reserve in grass
    at the commencement of the lease, and may take therefrom
    one crop and no more either of oats or turnips, with either
    of which the land must be sown down with grass and
    clover in a thoroughly satisfactory manner, and then left in
    pasture for at least three years from the harvesting or feeding off of such crop; at the end of such three years another
    crop of oats, sown with grass and clover as before, may be
    taken. The portion of the reserve, about 60 acres, which
    was in turnips before the commencement of the lease may
    be treated in the same manner. The portion which was in
    oats during the season before the commencement of the
    lease, about 30 acres, shall immediately be sown with grass
    and clover, with a green crop. All portions laid down in
    grass must be thoroughly well sown down with an ample
    quantity of seed of approved quality, and left in pasture for
    at least three years after the harvesting of the last crop, and
    the whole of the reserve must be left in good pasture at the
    end of the term.

The fencing upon the reserve will be valued at the commencement of the term, and at the end of the lease, with
a view to the next lease being loaded with any increase
of value.

Full particulars may be ascertained and plans obtained
at this office.

THOS. HUMPHRIES,
Commissioner of Crown Lands.

Reserve in Auckland Land District for Lease by Public Auction.

District Lands and Survey Office,
Auckland, 26th June, 1905.

NOTICE is hereby given that the undermentioned reserve will be offered for lease by public auction, at
this office, on Wednesday, the 16th day of August, 1905, at
11 a.m., under the provisions of “The Public Reserves Act,
1881.”

SCHEDULE.

AUCKLAND LAND DISTRICT. — KAWHIA COUNTY. — PIRONGIA SURVEY DISTRICT.

SECTION 17, Block IX., containing 150 acres; upset annual
rental, £5. Undulating and broken land covered with mixed
bush; soil good, and will carry grass well. There is a
butter-factory within three-quarters of a mile from the
reserve, situated at Te Rau-a-Moa, on the Kawhia-Pirongia
Road.

If the area is not applied for on the date mentioned it
will remain open thereafter for lease on application.

Terms and Conditions of Lease.

1. Term of lease, seven years. Possession given on the
   date of sale.

2. Payment of the first half-year’s rent and lease fee,
   £1 1s., to be made on fall of the hammer.

3. The Commissioner of Crown Lands may at any time
   resume possession of the land or any portion thereof upon
   giving the lessee twelve months’ notice in writing of his
   intention so to do.

4. The lessee shall have no right to compensation either
   for improvements put upon the land or on account of the
   aforesaid resumption, or for any other cause. The lessee
   may on the expiration of the lease, or if resumed prior
   thereto, remove all fences and buildings erected by him.

5. The lessee shall have no right to sublet, transfer, or
   otherwise dispose of the land comprised in the lease or any
   part thereof, except with the consent of the Commissioner
   of Crown Lands first had and obtained.

6. The lessee shall with all reasonable despatch remove or
   cause to be removed all noxious weeds or plants, and prevent the growth and spread of same, as may be directed by
   the Commissioner of Crown Lands.

7. The lease shall be liable to forfeiture in case the lessee
   shall fail to fulfil any of the conditions of the said lease
   within sixty days after the date on which the same ought to
   be fulfilled.

JAMES MACKENZIE,
Commissioner of Crown Lands.

Land in Otago Land District for Disposal under Section 115
of “The Land Act, 1892.”

District Lands and Survey Office,
Dunedin, 17th July, 1905.

NOTICE is hereby given, in pursuance of section 240 of
“The Land Act, 1892,” that the undermentioned land will be disposed of on lease in perpetuity, under section
115 of the said Act, on or after Tuesday, the 17th day of
October, 1905.

SCHEDULE.

OTAGO LAND DISTRICT.

SECTION No. 12, Block VI., Kurow Survey District: Area,
18 acres.

D. BARRON,
Commissioner of Crown Lands.

STATEMENT of the average amount of Liabilities and
Assets of the Bank of New Zealand, in New Zealand,
during the Quarter ended 26th June, 1905.

LIABILITIES.

Notes in circulation .. .. .. £ 801,370 15 4
Bills in circulation .. .. .. 40,514 3 10
Balances due to other Banks .. .. 20,047 9 2
Government deposits .. .. .. 2,075,017 5 9
Other deposits—
Not bearing interest .. .. .. 4,300,665 16 6
Bearing interest .. .. .. 4,368,467 5 3

Total average liabilities .. £11,606,082 15 10

ASSETS.

Coined gold and silver and other coined metals .. .. .. £ 1,570,579 7 5
Gold and silver in bullion or bars .. .. .. 73,809 0 5
Notes and bills of other Banks .. .. .. 91,713 12 9
Balances due from other Banks .. .. .. 1,179 18 3
Landed property .. .. .. 102,349 5 5
Amount of all other securities—

1. Notes and bills discounted .. .. 942,472 12 7
2. Colonial Government securities .. 844,131 5 0
3. Other funded securities .. .. ..
4. Debts due to the Bank (exclusive of debts abandoned as bad) .. .. 4,691,338 12 11
5. Securities not included under the above heads .. .. .. 333,545 14 8

Total average assets .. .. £8,651,119 9 5

4-per-cent. guaranteed stock, £1,000,000. (Interest, £20,000
for six months, paid 1st May, 1905.)
Preference shares fully paid up issued to the Crown under
“Bank of New Zealand Act, 1903,” £500,000.
Capital payable by shareholders, £500,000.
Rate of the last dividend declared to shareholders, 5 per cent.
per annum.
Amount of the last dividend declared on preference shares,
£25,000.
Amount of the last dividend declared on ordinary shares,
£22,618 10s.
Amount of the reserved profits at the time of declaring such
dividend, £43,897 7s.

Dated at Wellington, this 17th day of July, 1905.

A. MACINTOSH, General Manager.
HENRY R. LAWRY, Acting Accountant.