1508
THE NEW ZEALAND GAZETTE.
[No. 37

Form No. 5.

LICENSEE TO OCCUPY LAND, ISSUED ON DETERMINATION OF RENEWABLE LEASE, WHERE LESSEE HAS ELECTED TO PURCHASE FEE-SIMPLE ON DEFERRED PAYMENTS.

Under Part IV of the Land Laws Amendment Act, 1912.

WHEREAS [Name in full] being the owner of a renewable lease (No. ) of Section , Block , situated in the Survey District, in the Land District, comprising acres roods perches, has, in pursuance of Part IV of the Land Laws Amendment Act, 1912, elected to purchase the fee-simple of the said land upon deferred payments: And whereas the said (has, in pursuance of the said Act, paid a deposit of £ (being equal to 10 per centum of the price of the said land), and also the sum of £ (being the rent accrued and accruing due under the aforesaid lease up to the date of the delivery of the notice of intention to purchase): And whereas it is provided by the said Act that upon such payment as aforesaid the lease shall determine, and that the lessee shall hold the land under a license to occupy:

Now, therefore, I, , the Commissioner of Crown Lands for the Land District of , do hereby license the said [Name in full] (hereinafter referred to as the licensee) to occupy the land hereinbefore described, subject to any right, title, interest, or incumbrance existing or vested in any person other than the licensee and affecting the aforesaid lease at the time of its determination, and subject also to the following conditions, namely:—

1. The licensee shall, on the 1st day of January in each year, or within fourteen days thereafter, pay to the Receiver of Land Revenue at , in respect of the price of the said land, the sum of £ , until the whole of the price of the said land has been paid, the first of such payments to be made on the 1st day of January, 19 .

2. Notwithstanding anything in the last preceding clause of these conditions, the licensee may at any time, if he thinks fit, pay off the whole or any part of the price then remaining unpaid, and the payments under the preceding clause shall, if necessary, be adjusted accordingly.

3. The licensee shall also, on the 1st days of January and July in each year, pay to the said Receiver of Land Revenue an amount by way of interest at the rate of 5 per centum per annum upon such part of the price as for the time being remains unpaid. The first of such payments shall be made on the 1st day of , 19 .

4. The licensee shall, during the continuance of this license, comply with the following conditions imposed by the renewable lease hereinbefore referred to [Set out in detail such of the provisions of the renewable lease as the Land Board considers applicable].

5. If the licensee fails to observe any of the conditions hereinbefore expressed, or makes default in the due and full payment of any instalment of the price or of any interest due in respect thereof, the Land Board may, in its discretion, without any previous notice or demand, forfeit this license, and thereupon the licensee’s interest therein shall absolutely cease and determine; but such forfeiture shall not affect any right or remedy to recover from the licensee any money payable by him hereunder (other than in respect of instalments of the price), nor release the licensee from any penalty or liability in respect of anything done or omitted to be done by him.

Commissioner of Crown Lands.

Signed on the day of , 19 , by the above-named , Commissioner of Crown Lands for the Land District of , for and on behalf of His Majesty the King, in the presence of—
Witness :

Licensee.

Signed by the above-named , as licensee, in the presence of—
Witness :

J. F. ANDREWS,
Clerk of the Executive Council.

Regulations prescribing the Powers of Investment of the Committees of Estates of Mentally Defective Persons.

LIVERPOOL, Governor.
ORDER IN COUNCIL.

At the Government Buildings, at Wellington, this twenty-first day of April, 1913.

Present:

THE HONOURABLE W. F. MASSEY PRESIDING IN COUNCIL.

WHEREAS by section one hundred and thirty-eight of the Mental Defectives Act, 1911, it is provided that the Governor may from time to time, by Order in Council gazetted, make regulations for carrying into effect the purposes of the said Act: And whereas by the said Act provision is made for the appointment of committees of the estates of mentally defective persons within the meaning of the said Act; but (except in the case of the Public Trustee) no provision is made for the investment by committees of moneys belonging to any such estate, and it is expedient that such powers of investment should be conferred:

Now, therefore, in pursuance and exercise of the powers conferred on him as aforesaid, and of all other powers enabling him in this behalf, His Excellency the Governor of the Dominion of New Zealand, acting by and with the advice and consent of the Executive Council of the said Dominion, doth hereby make the following regulation, and doth hereby declare that the said regulation shall come into force on the date of the publication thereof in the Gazette.

REGULATION.

WHEN any person other than the Public Trustee has been or is hereafter appointed as the committee of an estate under the Mental Defectives Act, 1911, that person may, with the precedent consent and approval of the Public Trustee, invest the capital moneys belonging to the said estate, or any part of the said moneys, in manner following, namely:—

(a.) In Government securities of the United Kingdom, or of any colony or dependency thereof, issued under the authority of the Parliament or other legislative authority of the said kingdom, colony, or dependency respectively, and secured upon the public revenues thereof;

(b.) In debentures issued by any local authority (being the Council, Board, or other governing authority of a city, borough, county, town district, road district, drainage district, harbour district, or river district), under any law now or hereafter in force, secured upon special rates, the special rate being in no case less than sufficient to provide 10 per cent. per annum more than the yearly rate of interest payable on the debentures;

(c.) In advances by way of mortgage on the security of any real estate held in fee-simple in New Zealand, and free from incumbrances, to an amount not exceeding three-fifths of the estimated value of such estate, according to a valuation approved by the Board of the Public Trust Office;

(d.) In fixed deposits in any bank of issue created or established by or under any Act of the General Assembly, or by Royal Charter, and carrying on business in New Zealand, or in the Post-Office Savings-Bank, or other savings-bank established in New Zealand in accordance with any law affecting such banks;

(e.) In advances by way of first mortgage on the security of any of the following classes of leasehold estate, free from incumbrances, to an amount not exceeding three-fifths of the mortgagor’s interest in the estate, according to a valuation approved by the aforesaid Board:—

(i.) Crown land held under perpetual lease, lease in perpetuity, renewable lease, or occupation with right of purchase;

(ii.) Native land held under lease granted by a Maori Land Board or by or on behalf of the Native owners, of which the unexpired term (including in the computation thereof all periods for which there is a right of renewal) is for a period not less than twenty-one years;

(f.) In the common fund of the Public Trust Office.

J. F. ANDREWS,
Clerk of the Executive Council.

Making Regulation prescribing Forms of Warrants for Detention in Military Custody and for Attachment Orders under the Defence Amendment Act, 1912.

LIVERPOOL, Governor.
ORDER IN COUNCIL.

At the Government Buildings, at Wellington, this twenty-first day of April, 1913.

Present:

THE HONOURABLE W. F. MASSEY PRESIDING IN COUNCIL.

WHEREAS it is enacted by section four of the Defence Act, 1909, that the Governor may from time to time make regulations for effectually carrying this Act into effect: And whereas, pursuant to the provisions of the Defence Amendment Act, 1912, it is desirable to make a regulation prescribing the forms of warrants for detention in military custody and for attachment orders under that Act :