3280
THE NEW ZEALAND GAZETTE.
[No. 74

Approximately 70 acres are in bush; balance has been felled and grassed, while 20 acres have been stumped.

THIRD-CLASS LAND.

Waitotara County.—Waipakura Survey District.

Section 2, Block I: Area, 1,485 acres 0 roods 14 perches. Capital value, £370. Deposit on deferred payments, £20; half-yearly instalment on deferred payments, £11 7s. 6d. Renewable lease: Half-yearly rent, £7 8s.

Weighted with £1,394, for improvements consisting of dwelling (in poor repair), wool-shed, pataka, yards, fencing, felling, and grassing. This sum may be paid either in cash or by a cash deposit of £94, the balance being secured on instalment mortgage for a term of fifteen years (under section 80 (3) of the Land Act, 1924), interest being at the rate of 5½ per cent. per annum.

This property is situated on Kauarapoa Road, twenty miles from Aramoho School; twenty-two miles from Aramoho Post-office, railway-station, and dairy factory; twenty-five miles from Wanganui Saleyards. Access by sixteen miles of metalled road and nine miles clay-road from Wanganui. Mostly rough broken hilly land, with a good homestead-site on road frontage. Approximately 700 acres bush land has been felled, burnt, and sown; balance in natural state. Soil of light-quality loam resting on clay, papa, and sandstone. Altitude, 600 ft. to 1,500 ft. above sea-level. Subdivided into five paddocks.

Waimarino County.—Whirinaki Survey District.

Section 7, Block III: Area, 623 acres. Capital value, £160. Deposit on deferred payments, £10; half-yearly instalment on deferred payments, £4 17s. 6d. Renewable lease: Half-yearly rent, £3 4s.

Weighted with £1,100, for improvements consisting of felling and grassing 300 acres, 420 chains of fencing, whare, and a small iron wool-shed. This sum may be paid either in cash or by a cash deposit of £100, the balance being secured on instalment mortgage under the Discharged Soldiers Settlement Act for a term not exceeding thirty-six and a half years, interest being at the rate of 5 per cent. per annum if purchased by a discharged soldier or 5½ per cent. per annum if purchased by a civilian.

Situated on the Mangapurua Valley Road, five miles from Mangapurua School, and thirty-three miles from Raetihi Post-office, railway-station, dairy factory, and saleyards. Access is by formed dray-road, seventeen miles of which is metalled. Soil of light loam resting on papa, clay, and sandstone formation. The section comprises rather steep and broken land, rising from an altitude of 1,400 ft. to 2,100 ft. above sea-level. The section is suitable for grazing only. Approximately 300 acres have been felled and grassed; balance in bush. Subdivided into seven paddocks.

SECOND SCHEDULE.

THIRD-CLASS LAND.

Waimarino County.—Whirinaki Survey District.

(Exempt from payment of rent for five years.)

Section 1, Block X: Area, 425 acres 2 roods 34 perches. Capital value, £100. Half-yearly rent, £2.

Weighted with £540, for improvements consisting of fencing, felling, and grassing. This sum may be paid either in cash or by a cash deposit of £40, the balance being secured on instalment mortgage under the Discharged Soldiers Settlement Act for a term not exceeding thirty-six and a half years, interest being at the rate of 5 per cent. per annum if purchased by a discharged soldier or 5½ per cent. per annum if purchased by a civilian. No interest will be charged under the mortgage for a period of three years provided improvements of a value equivalent to the interest remitted are effected each year during the exemption period.

Situated on the Mangatiti Road, thirty miles from Raetihi Post-office, dairy factory, saleyards, and railway-station; four miles from Murumuru School. About twenty miles of metalled road; balance formed dray-road. Hilly and broken land, most suitable as an additional area for some settler holding land in the vicinity. Approximately 250 acres have been felled and grassed, balance bush. Altitude, 1,100 ft. to 2,000 ft. above sea-level. No buildings.

ABSTRACT OF CONDITIONS.

“Cash” System.

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

2. Applicants to furnish statutory declarations with applications, and, on being declared successful, deposit one-fifth of purchase-money; the balance, with title fee of £1, is payable within thirty days.

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 the title will not be issued.

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 centum 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 centum 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 title 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.; 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.