3040
THE NEW ZEALAND GAZETTE.
[No. 75

of the purchase-money ; the balance, with Crown-grant fee, is payable within thirty days. The Crown-grant fee is £1 for first 100 acres or less, and ½d. for each additional acre.

3. Improvements.—Purchaser must, within ten years, improve the land to the extent of £1 an acre on first-class land, 10s. an acre on second-class land, and 5s. an acre on third-class land, otherwise no Crown grant can issue.

4. Roads may be taken through the land at any time within seven years upon payment of twice the amount paid by the original purchaser for the area taken for such roads.

Deferred Payments.

1. Term of license: Thirty-four and one-half years.

2. Deposit: Such amount as may be fixed by the Land Board, being not less than 3 per cent. of the price of the land, together with £1 1s. (license fee).

3. The balance of the purchase-money, together with interest thereon at the rate of 5½ per cent. per annum, shall be payable by half-yearly instalments extending over the above-mentioned period.

4. With the first half-yearly instalment there shall be paid the interest on balance of purchase-money for period between date of license and date of commencement of term thereof.

5. The licensee shall have the right at any time during the currency of his license to pay off either the whole of the purchase-money or any half-yearly instalment or instalments thereof remaining unpaid.

6. Upon payment of the purchase-money in full, and of all interest thereon, a certificate of title in respect of the land purchased shall be issued to the purchaser on payment of the prescribed Crown-grant fee.

7. The interest of the licensee shall be subject to forfeiture in the event of his failure to pay any instalment of principal and interest due under the license or to comply with any of the conditions thereof.

8. Applicants to be seventeen years of age and upwards.

9. Purchaser shall execute required statutory declaration, and shall execute license within thirty days after being notified that it is ready for signature.

10. Residence on land comprised in the license is to commence within four years on bush or swamp land, and within one year on open or partly open land, and shall be continuous thereafter for ten years.

11. Improvements.—Licensee is required to improve the land within one year to the value of 10 per cent. of the price; within two years, to the value of another 10 per cent. of the price; and thereafter, but within six years, to the value of another 10 per cent. of the price. In addition to the foregoing and within six years, improvements are also to be effected to the value of £1 for every acre of first-class land, 10s. for every acre of second-class land, and 2s. 6d. for every acre of third-class land.

12. Licensee to pay all rates, taxes, and assessments.

13. Transfer not allowed until after completion of two years’ continuous residence, except under extraordinary circumstances, and then only with permission.

14. Roads may be taken through the lands at any time within seven years from date of license.

15. License is liable to forfeiture if conditions are violated.

Renewable Lease-

1. Term of lease: Sixty-six years, with a perpetual right of renewal for further successive terms of sixty-six years.

2. Rent: 4 per cent. per annum on the capital value, payable on 1st January and 1st July in each year.

3. Applicants to be seventeen years of age and upwards.

4. Applicants to furnish statutory declaration with applications, and, on being declared successful, deposit £1 1s. (lease fee) and a half-year’s rent. Rent for the broken period between date of lease and 1st January or 1st July following is also payable.

5. Applications made on the same day are deemed to be simultaneous.

6. Order of selection is decided by ballot.

7. Successful applicant to execute lease within thirty days after being notified that it is ready for signature.

8. Residence is to commence within four years in bush land or swamp land, and within one year in open or partly open land, and to be continuous for ten years. Under certain conditions personal residence may be dispensed with.

9. Improvements.—Lessee is required to improve the land within one year to the value of 10 per cent. of the price; within two years to the value of another 10 per cent. of the price; and thereafter, but within six years, to the value of another 10 per cent. of the price. In addition to the foregoing, and within six years, improvements are also to be effected to the value of £1 for every acre of first-class land, 10s. for every acre of second-class land, and 2s. 6d. for every acre of third-class land.

10. Lessee to pay all rates, taxes, and assessments.

11. Transfer not allowed until completion of two years’ continuous residence, except under extraordinary circumstances, and then only with permission.

12. Roads may be taken through the land at any time within seven years; twice the original value to be allowed for area taken for such roads.

13. Lease is liable to forfeiture if conditions are violated.

Full particulars may be obtained from the Commissioner of Crown Lands, Wellington.

H. W. C. MACKINTOSH,
Commissioner of Crown Lands.

STATE FOREST SERVICE NOTICE.

Milling-timber for Sale by Public Tender.

State Forest Service,
Invercargill, 10th October, 1928.

NOTICE is hereby given that written tenders for the purchase of the undermentioned milling-timber will close at the office of the State Forest Service, Invercargill, at 4 o’clock p.m. on Wednesday, the 31st October, 1928.

SCHEDULE.

SOUTHLAND CONSERVATION-REGION.—SOUTHLAND LAND DISTRICTS.

ALL the milling-timber on that area containing approximately 73 acres (part Provisional State Forest No. 20), Block VIII, Lilburn Survey District, situated about twenty miles from Tuatapere Railway-station.

The total estimated quantity in cubic feet is 108,509, in board feet, 678,500, made up as follows:—

Species. Cubic Feet. Board Feet.
Kahikatea .. 63,036 394,000
Silver beech .. 30,868 192,800
Matai .. 2,736 16,100
Rimu .. 2,389 15,700
Miro .. 7,633 47,900
Totara .. 1,847 12,000
Totals .. 108,509 678,500

Upset price: £752.
Ground rent: £3 13s. per annum.
Time for removal of timber: Two years.

Terms of Payment.

A marked cheque for one-fifth of the price tendered, together with half-year’s ground rent and £1 1s. (license fee) must accompany the tender, and the balance of the purchase-money be paid by four equal quarterly instalments, the first of which shall be paid three months after the date of sale. In addition, the successful tenderer shall continue to pay such ground rent half-yearly in advance during the currency of the license.

Terms and Conditions.

1. 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 the rate of 1 per cent. per annum in excess of current bank overdraft rates will be charged on all notes overdue from the date of maturity to the date of payment.

2. The right to cut and remove the timber will be sold in accordance with the provisions of the Forests Act, 1921–22, the regulations in force thereunder, and these conditions.

3. 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.

4. The attention of all tenderers is drawn to the fact that the local controlling body may require the successful tenderer to pay any claims or charges which may be made by that body for the maintenance of the road over which the timber may be transported, and before a sawmill license is issued a letter indicating that satisfactory arrangements have been made in this connection must be produced to the undersigned.

5. A return, verified by affidavit, giving the number of logs cut of each species and their contents must be made quarterly by the licensee on the last days 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. These