be leased by auction. The incoming tenant to pay the
value of improvements, which is to be handed over to the
outgoing lessee, less any sum due to the Crown.
5. No transfer, sublease, subdivision, or mortgage allowed
without the consent of the Board.
6. Interest at the rate of 10 per cent. per annum to be
paid on rent in arrears.
7. Buildings which are or may be erected on the land to
be kept in good repair and condition.
8. Lessee shall not carry on any offensive trade.
9. Consent of Land Board to be obtained before erecting
any buildings or effecting any other improvements, and
before alterations, either to the existing buildings or to
those that may be hereafter erected.
10. Lessee to pay all rates and assessments.
11. Buildings to be insured by lessee in the name of the
Commissioner of Crown Lands.
12. Lease shall be liable to forfeiture if conditions not
complied with.
VINCENT I. BLAKE,
Commissioner of Crown Lands.
STATE FOREST SERVICE NOTICE.
Milling-timber for Sale by Public Tender.
State Forest Service,
Invercargill, 29th January, 1924.
NOTICE is hereby given that written tenders for the
purchase of the undermentioned lots of milling-timber
will close at the office of the State Forest Service, Invercargill, at 4 o'clock p.m., on Friday, the 29th February, 1924.
SCHEDULE.
SOUTHLAND FOREST-CONSERVATION REGION.—OTAGO LAND DISTRICT.
ALL the milling-timber on that parcel of land containing
approximately 166 acres (known as Sawmill Area No. 12),
being portion of Sections 5, 6, and part 3, Block VIII, Tautuku Survey District (Provisional State Forest No. 18),
situated close to Papatowai Township.
Estimated quantity of milling-timber in superficial feet is
1,689,800, being rimu, 1,482,950; miro, 204,100; totara, 2,750.
Included in the total are nineteen trees which lie outside
of the area from peg 3A to road peg 44 between western boundary and old workings.
Upset price, £1,322.
Ground rent, £8 6s. per annum.
Four years will be allowed to remove the timber.
TERMS AND CONDITIONS.

1. A marked cheque for one-eighth of the purchase-money
   together with one year's ground rent and £1 1s. license fee,
   plus exchange, must accompany the tender, and the balance
   be paid by seven equal quarterly instalments, the first of
   which shall be paid nine months after date of sale.
2. All instalment-payments shall be secured by “on
   demand” promissory notes made and endorsed to the
   satisfaction of the Commissioner of State Forests, and interest
   at current bank rates will be charged on all notes overdue
   from the date of maturity to the date of payment.
3. The right to cut and remove the timber will be sold
   in accordance with the terms of the Forests Act, 1921–22,
   the regulations in force thereunder, and the following conditions.
4. Intending tenderers are expected to visit the locality and
   to satisfy themselves in every particular on all matters
   relative to the sale.
5. Each tenderer must state the total price that he is prepared to pay for each species. The highest or any tender
   will not necessarily be accepted, and the timber described is
   submitted for sale subject to the final acceptance of the
   tender by the Commissioner of State Forests.
6. The right is reserved to the Commissioner of State
   Forests to withdraw from sale any or all of the said timber
   either before or after the closing-date for receipt of tenders.
7. If no tender is accepted for the timber herein mentioned, it will remain open for application at the upset
   price until further notice.
8. Tenderers should be addressed “Conservator of Forests,
   Invercargill,” and envelopes endorsed “Tender for Timber.”
   The following conditions will be inserted in the license to
   be issued to the purchaser:-
9. The aforementioned qualities, quantities, and kinds as
   to the said timber shall be taken as sufficiently accurate for
   the purposes of this sale, and no contract for the purchase
   shall be voidable, nor shall the successful purchaser be
   entitled to any abatement in price, by reason of the said
   timber being of less quantity, quality, or kind as stated
   herein or in any advertisement having reference to the said
   timber.
10. The promissory notes will be presented at intervals as
    indicated in the terms of payment, but they may be presented
    for payment at earlier dates if it is found that more than a
    due proportion of timber has been cut, or should any breach
    of the conditions occur, or if in the opinion of the Conservator the interests of the Crown are being jeopardized.
11. A return, verified by affidavit, giving the number of logs
    cut of each species and their contents, must be made quarterly
    by the licensee each quarter ending on the last day of March,
    June, September, and December respectively in each year.
    A return, similarly verified, must be made on the same dates
    showing the output of sawn timber of each species.
12. The licensee shall not put, throw, or place, or allow to
    be put, thrown, or placed, into any river, stream, or watercourse, or into any place where it may be washed into any
    river, stream, or watercourse, any sawdust or other sawmill
    refuse.
13. The licensee shall take all reasonable precautions by
    way of providing such safeguards as may be required by the
    Conservator for the prevention of damage to the adjacent
    bush by fires, whether caused by sparks from locomotives,
    log-haulers, or otherwise, and shall be liable for any damage
    thereto in consequence of any negligence or disregard of
    these conditions on the part of the licensee or his workmen,
    such damage to be assessed by the Conservator of Forests.
14. All timber must be cut to the best advantage, and
    milling must be carried on regularly and generally in a
    manner approved by the Conservator. The Crown reserves
    the right to withdraw from the license such areas as from
    time to time are cleared of merchantable timber, and as
    areas are withdrawn ground rent will be reduced pro rata.
15. No compensation will be given, nor shall any be
    claimed, for any error, discrepancy, or misdescription whatever in respect of the lot or in these conditions.
16. The settlement of any dispute shall be effected by the
    Conservator of Forests, and there will be a right of appeal to
    the Commissioner of State Forests, whose decision in all cases
    shall be final. Should the licensee fail to fulfil any and
    every obligation incumbent upon him the license will be
    subject to cancellation.
17. The Commissioner of State Forests may authorize the
    laying-down and working of tram-lines through the land by
    other persons than the licensee.
18. The license will not be transferable, except with the
    consent of the Commissioner of State Forests. Cutting operations must commence within six months of the date of the
    license.
19. The licensee shall be permitted to cut timber on private
    lands and Warden’s licenses simultaneously with the lot
    mentioned herein by obtaining permission from the Commissioner of State Forests.
20. The licensee shall have the right to cut, use, sell, or
    otherwise dispose of any species of timber not included in
    the Schedule herein on terms and conditions to be agreed
    upon, and provided the written consent of the Conservator be
    first had and obtained.
    Further particulars may be obtained on application to the
    undersigned or to the Head Office, State Forest Service, Wellington.
    D. MACPHERSON, Conservator of Forests.
    BANKRUPTCY NOTICES.
    In Bankruptcy.--In the Supreme Court, holden at Auckland.
    NOTICE is hereby given that ARTHUR WEBER TODMAN,
    of Wairoa, Tauranga, was this day adjudged bankrupt;
    and I hereby summon a meeting of creditors to be held
    at the Courthouse, Tauranga, on Tuesday, the 5th day
    of February, 1924, at 11 o'clock a.m.
    W. S. FISHER,
    Official Assignee.
    25th January, 1924.
    In Bankruptcy.--In the Supreme Court, holden at Auckland.
    NOTICE is hereby given that ERNEST ATHOL EDGECOMBE,
    of Auckland, Painter, was this day adjudged bankrupt;
    and I hereby summon a meeting of creditors to be held at
    my office, on Monday, the 4th day of February, 1924, at
    11 o'clock a.m.
    W. S. FISHER,
    Official Assignee.
    26th January, 1924.