3100
THE NEW ZEALAND GAZETTE.
[No. 100

TERMS AND CONDITIONS OF LEASE OF SECOND-CLASS LANDS.

1. Term of Lease.—Twenty-five years, with right of renewal for a further term of twenty-five years.

2. Rental.—The rental shall not be less than the given upset annual rental for the first twenty-five years, and shall be computed at the rate of 5 per cent. on the then unimproved value for the second term of twenty-five years. All rentals shall be payable half-yearly in advance on the 1st January and the 1st July in each year.

3. The area of each section is subject to a slight readjustment on completion of survey.

4. Improvements.—Lessee shall bring into cultivation—
   (a.) Within one year from the date of his lease, not less than one-twentieth of the land;
   (b.) Within two years, not less than one-tenth;
   (c.) Within four years, not less than one-fifth;
   and shall within six years, in addition to the cultivation of one-fifth of the land, put substantial improvements of a permanent character to the value of £1 for every acre of first-class land, and 10s. for every acre of second-class land.

5. Compensation for Improvements.—Compensation for improvements shall be payable by the Native owners at the expiration of the full term of fifty years, the amount to be assessed by arbitration, but not to exceed—
   (a.) In the case of sections of 75 acres and under, the sum of £150 :
   (b.) In the case of other sections, £2 per acre; but in no case shall the compensation payable by the Native owners on any one section exceed the sum of £1,000.

6. If at the expiration of fifty years the owners are unable to pay such compensation, then the section loaded with the amount of the improvements (which amount shall not exceed the sum specified in paragraph 5) shall be put up to auction for a further term of twenty-five years at the best rent obtainable, and without compensation for improvements. Out of the amount received for the improvements the sum to which the outgoing lessee is entitled shall be paid to him.

7. Should the lessee at the end of the first term of twenty-five years refuse to accept the renewal, the value of the improvements shall be assessed by arbitration, and the lease loaded with such value shall be sold by auction or tender. The amount received for the improvements, less any sum owing to the Board, shall be paid to the outgoing lessee. But the outgoing lessee shall have no right or claim against the Maori owners or the Board in respect of the value of any improvements made by him on the lands in his occupation in case any person shall fail to pay such value to the Board. Or the Board may at its option decide to pay the lessee the value of the improvements, and thereafter proceed to deal with the land affected in such manner as it may think fit.

8. If the lease is during the term of fifty years forfeited for any breach of condition, then the payment of the amount of the valuation of the improvements is absolutely at the discretion of the Board.

9. Lessee to sign statutory declaration before executing lease, and on fall of hammer to deposit first half-year’s rent and £2 2s. for lease fee, stamp duty, and registration fee.

10. Including all other land already held, owned, or occupied under a tenure of more than nine months’ duration, no person may hold more than 5,000 acres: every acre of first-class land being reckoned at 7½ acres, and every acre of second-class land being reckoned as 2½ acres.

11. Lessee to execute lease within thirty days after being notified that it is ready for signature.

12. Lessee to pay all rates, taxes, and assessments, except land-tax.

13. Residence optional.

14. Transfer or sublease not allowed, except with the sanction of the Board, and until lessee has been twelve months in possession and has effected the stipulated improvements.

15. Lessee may not mortgage without prior consent of Board.

16. Lessee has no right to minerals without license. He may use on the land any minerals for any agricultural, pastoral, household, road-making, or building purposes.

17. The term of each lease shall commence on the 1st July, 1909. Should the survey of any section not be completed by that date a proportionate rebate in the rental may be made.

18. The Board retains the right to withdraw any section or sections advertised.

19. The leases will not be subject to the covenants “to insure” and “to paint outside every fourth year.”

20. The leases will be subject to the general regulations issued by the Waiariki District Maori Land Board for the leasing of land within the thermal-springs district, where such regulations are not inconsistent with the foregoing terms and conditions.

TERMS AND CONDITIONS OF LEASE OF THIRD-CLASS LANDS.

1. Term of lease.—Fifty years.

2. Rental.—The rental shall not be less than the given upset annual rental. All rentals shall be payable half-yearly, in advance, on the 1st day of January and the 1st day of July in each year.

3. Improvements.—Lessees shall during the first five years of the term put substantial improvements of a permanent character to the value of 5s. per acre upon the land, and shall during the remainder of the term put such improvements to the additional value of £1 per acre upon the land.

4. Compensation for Improvements.—Compensation will be payable by the Native owners at the end of the term, the amount to be assessed by arbitration, but not to exceed £2 per acre.

The other terms and conditions shall be the same as those affecting second-class lands, with the exception of No. 7, which is not applicable.

Full particulars and copies of the regulations may be obtained from the Clerk of the Waiariki District Maori Land Board, Rotorua.

JAS. W. BROWNE,
President, Waiariki District Maori Land Board.

BANKRUPTCY NOTICES.

In Bankruptcy.—In the Supreme Court, held at Auckland.

NOTICE is hereby given that LOUIS SMITH, of Rotorua, Carpenter, was this day adjudged bankrupt; and I hereby summon a meeting of creditors, to be held at the Courthouse, Rotorua, on Monday, the 6th day of December, 1909, at 7.30 p.m.

E. GÉRARD,
Official Assignee.

Auckland, 27th November, 1909.

In Bankruptcy.

Estate of GEORGE RICHARDS, of Napier, Draper.

NOTICE is hereby given that a first and final dividend, of 1s. 3½d. in the pound, is now payable at my office on all proved accepted claims.

K. N. H. BROWNE,
Deputy Official Assignee.

Napier, 19th November, 1909.

In Bankruptcy.—In the Supreme Court, held at Napier.

NOTICE is hereby given that EKENGARANGI HAPUKU, of Te Hauke, Native, was this day adjudged bankrupt; and I hereby summon a meeting of creditors, to be held at the Courthouse, Hastings, on Thursday, the 2nd day of December, 1909, at 10.30 o’clock.

K. N. H. BROWNE,
Deputy Official Assignee.

Napier, 23rd November, 1909.

In Bankruptcy.

NOTICE is hereby given that a first and final dividend, of 5½d. in the pound, in the estate of J. W. Coombes and E. Lines, of Westmere, Farmers, is now payable at my office on all proved and accepted claims.

W. RODWELL,
Deputy Official Assignee.

Wanganui, 26th November, 1909.

In Bankruptcy.

NOTICE is hereby given that dividends are now payable at my office on all proved accepted claims in the following estates:—
Reginald W. Beadnall: First and final dividend, of 7s. 6d. in the pound.
Hans Peter Mortensen: First and final dividend, of 4d. in the pound.

G. J. SCOTT,
Deputy Official Assignee.

Palmerston North, 20th November, 1909.