Mar. 25.] THE NEW ZEALAND GAZETTE 841

hereinafter referred to as “the lessor”) of the one part, and [Full name], of [Residence], in the Dominion of New Zealand, [Occupation] (who, with executors, administrators, and permitted assigns, is hereinafter referred to as “the lessee”), of the other part.

Whereas the allotment of land described in the First Schedule hereto is rural (or pastoral) land which has been acquired by the lessor under “The Land for Settlements Act, 1908” (hereinafter called “the said Act”): And whereas, pursuant to the provisions of the said Act and the regulations in that behalf made thereunder (hereinafter called “the said regulations”), the lessee duly applied for a renewable lease of the said allotment, and on the day of , one thousand nine hundred and , his application was duly granted by the Land Board of the land district wherein the said allotment is situate (hereinafter called “the Land Board”): And whereas there are now situate on the said allotment the buildings specified in the Second Schedule hereto, the value whereof has been duly ascertained to be the sum therein mentioned: And whereas, pursuant to the provisions of the said Act and the said regulations, the said sum, together with interest thereon at the rate of 5 per centum per annum computed from the first day of , one thousand nine hundred and , is payable by the lessee by the respective instalments and on the respective dates mentioned in the Second Schedule hereto: And whereas the capital value of the said allotment, apart from the said buildings, is :

Now this deed witnesseth that in consideration of the rent hereinafter reserved, and of the covenants, conditions, and agreements herein contained and implied and on the part of the lessee to be paid, observed, and performed, the lessor doth hereby demise and lease unto the lessee all that piece of land containing by admeasurement acres roods perches, a little more or less, situated in the Land District of , and being section numbered of Block , in the Survey District of , as the same is more particularly described in the First Schedule hereto and delineated in the plan drawn thereon, and therein coloured red in outline; together with the rights, easements, and appurtenances to the same belonging: To hold the said several premises intended to be hereby demised unto the lessee for the term of thirty-three years, to be reckoned from the first day of , one thousand nine hundred and , and including in addition the period between the date of this lease and such day: Yielding and paying therefor during the said term unto the Receiver of Land Revenue for the said Land District of , free from all deductions whatsoever, the clear annual rent of , computed from the said first day of , one thousand nine hundred and and payable in manner following, that is to say:—

(a.) By a payment of before the execution of these presents, such payment (which has been duly made) being in respect of rent in advance for the first half-year, computed as aforesaid, together with rent for the period elapsing between the date of this lease and the commencement of the said first half year; and also

(b.) By the payment thereafter of half-yearly in advance on the first day of January and the first day of July in each and every year during the said term, the first of such payments to become due and to be made on the first day of , one thousand nine hundred and :

And also paying, in respect of the value of the buildings specified in the Second Schedule hereto, unto the aforesaid Receiver, the respective instalments specified in that Schedule at the dates therein respectively mentioned in that behalf.

And the lessee doth hereby covenant with the lessor as follows, that is to say:—

1. Subject to the provisions of the said regulations, the lessee will reside on the demised land from the date of this lease continuously.

2. The lessee will put on the demised land substantial improvements as under:—

(a.) Within one year from the date of this lease, substantial improvements to a value equal to ten per centum of the aforesaid capital value of the land;

(b.) Within two years from such date, further substantial improvements to a value equal to another ten per centum of the aforesaid capital value of the land;

(c.) And within six years from such date, further substantial improvements to a value equal to another ten per centum of the aforesaid capital value of the land, so that the total value of such improvements at the end of six years from such date shall not be less than thirty per centum of the aforesaid capital value of the land;

and also, in addition thereto, he will, within six years from such date, put upon the demised land substantial improvements of a permanent character within the meaning of “The Land Act, 1908,” to the value of one pound for every acre of agricultural land (first class), ten shillings for every acre of mixed agricultural and pastoral land (second class), and two shillings and sixpence for every acre of third-class land: Provided that, for the purpose of determining whether the lessee has duly performed this covenant (but for no other purpose), there shall be included the value of all substantial improvements existing on the demised land at the date of this lease (which improvements shall be deemed to be improvements required by this covenant), and also all capital sums paid by the lessee in respect of the value of the buildings specified in the Second Schedule hereto, nevertheless to the extent only of the actual value of such of the said improvements and buildings as are subsisting at the time when their value is so included.

3. The lessee will, within two years from the date of this lease, have the demised land fenced with a ring fence, and such fence shall be a sufficient fence within the meaning of “The Fencing Act, 1908.”