CROWN LANDS.

Dominion, Volume 5, Issue 1377, 1 March 1912, Page 3

CROWN LANDS.

MEETING Or THE BOARD. The monthly meeting of the Wellington Land Hoard was held yesterday. Present: Tho Commisioner, Mr. Jnmcs Mackenzie (in tho chair), Mevsrs. Jos. Duw.son, 11. T. Kllingham, and Jas. Georgelti. TRANSFERS AND SI'B-LKASES. Mrs. M. M. I.elievrp applied to transfer Section 2-1. Block JX, Mnngahao. 205 acres, to Mr. U. !■'. Cole. Mr. C. JO. Lelicvre nl.-» appiii-il to transfer .Section 12, Block IX, Mnngiihao, 238 acres to Mr. J). F. Cole, and it was resolved to npjrovo both transfers.

Mr. 'J'. H. Tii-01l applied to transfer Section 12, Blocks XI and XII, Knitieke, 755 acres, to Mr. A. T. Duxfield. as Mr. fiisoll had not complied with the conditions of his'lease.—lt was resolved to decline the application, and to call upon him to show cause why his interest should not bo declared forfeited.

Mr. A. (1. C. Luxuioore applied to transfer Section S, Block IX, Hautapu, 200 acres, to Mr. John Graham.—lt was resolved to approve. Tho executrix in the estate of the late A. L. Little applied to transfer Section 31, Block IV, Vmutoi, II!) acres 1 rood 29 perches, to Mr. A. At'Murlric.—lt was resolved to approve. With reference to the proposed transfer of Section 1, Block XL Te Kawau, Mangawhata Settlement, from Mr. R. Print, to Mrs. M. K. Monrad, it was resolved to decline the request. Mr. A. B. Andersen applied to sub-let Section It, Block XITI, Mangahao, 20!) ncres, to Mr. A. 11. Cox for a term at a rental not stated.—lt was resolved to approvo of a sub-lease on the rsual conditions for a reasonable term, and on equitable conditions, to be approved by tho Commissioner. ■ Mr. John Beech applied to sub-let 180 acres of Section 20, Jilock 1, Mangaone, 200 ncres, to Mr. H. F. Caseby for IJ years, at a rental of ,£112.105 , .—1t wns resolved to approve on the usual conditions. Mr. U. A. Hnrt applied to sub-let Section 3, Block VII, l.'mutoi, 200 acres, to Mr. G. H. Hart, for three years, at nn annual rental of .Cl2o.—lt was resolved to approve on the usual conditions. Mr. A. E. Itaynor applied to sub-let Section 13, Block X, Kaiißatuia V.S., 5 acres 3 mods 0.8 perches, to Mr. S. Hewitt for about twelve mouths, at a weekly rental of 12s. Get.—lt was resolved to approve on the usual conditions'. Mr. J. li. Dawsou wrote asking for pernission to build a house on Section 1)2, Block 11, llumi'n, Mananui V.S., 4 acres 1 rood 38 perches, and lot it to his brother.—lt was resolved that there is no power to grant a formal permission until he has resided on tho land for two years, and if he builds a house and lets it ho does so at his own risk. With reference to tho transfer of Sections 968, 5, and li, Block X, Mikimiki, 3"1 acres 0 roods 20 perches, to Mr. A. Johnson, the Commissioner informed the board that a previous application to transfer to Mγ. O. S. Matthews had been ap-' proved, but had not been proceeded with, and tho solicitors for the parlies now stated that they were unable to find Mr. Matthews in order to obtain his signature to tho withdrawal of that ipplication.— It was resolved, under the circumstances, to withdraw tho board's consent to the. transfer to Mr. Matthews, as it was not registered within tho time allowed by the board's regulations. Tho Registrar of the Supreme Court in the estate of J. IVsyth applied to transfer Section i, Block IV, Kangatana Township, 1 rood, to Miss IC. Drayton.-It was resolved to recommend for approval on tho usual conditions, and subject to a proper application being put in by tho Registrar! Mr. I), l>. Bradley applied for the freehold title of Section 1, Block V. Maungakaretii, 392 ceres.—lt was resolved to obtain a report from the ranger. 'Messrs. J. 11. and James Wniigh applied lo transfer the licenses of Sections Ca and SI, Block XVI, Uautapu, 73 teres 2 roods and 200 acres respectively, to James Wnugh.—lt wns resolved io approve. Mi'. James Walker applied to transfer his lease of Section 28, Block IX. Wniron, 215 acres 1 rood 37 perches, to Mr. V. O. Matthews.—lt was resolved to authnriss the Commissioner to approve when ho is satisfied everything is in order. Mr. V. O'Neill applied to transfer his leas" of Section 7, Block ], Mangnwhero 1355 acres 1 rood, to Mrs. C. L. W.'Harper. —It was resolved to approve on tho usual conditions.

Mr. F. L.Barnet applied to transfer the lease of Section 13, Block V, Hangataua lownship, lr 0.r.l 20 poles, to Mr. M. Powell, on account of ill-health. It was resolved to approve, Mr. A. C. Manningfon applied to transfer his Mse of Section 36, Block VIII. Mangawhcro, 7XI acres, to Mr. G. E. Little. It was resolved to approve tha application. Mr. G. Bolton applied v lo transfer Sections 2 and 3, Maugamahu V.S., 25 acres 2 roods 10 poles, to Mr. 1). Cameron.-]t was resolved to approve on the usual conditions, and provided Mr. Cameron is eligible and suitable. Mr. AV. Larsen and Mr. C. T. Larwn applied to transfer Section .J9. Block Vl] tararua, 200 acres, to Mr. C. F. Larsen.— It was resolved to approve on tho usual conditions. Mr. F. J. Kent, applied to transfer Section 21, Block 11, Pukcioi, 537 acres, to Mr. Walter Larsen.—lt was resolved to approve on the usual conditions, but subinct to tho transfer of Sccton '19, Dlccli \ IT. Tararua, being first completed. Mr. A. K Jnnies applied to transfer Seclion JS, Iforowhenna Y.S., 5 acres, (o Mr. Joseph Lcniinon.—lt was resolved to approve.

Mr. H. J. AV'heeler applied to transfer Section 53, Ohakuno V.5.," 5 acres, to Mrs. h. M. Costello.-It was resolved to recommend on the usual conditions. Mr. J. Smith applied to transfer Section 14, Mangahao. Pahiatua V.S., C acres 0 roods G poles, to Mr. l>. Ueichen. bach.—lt was resolved (o decline, as the. proposed transferee is not eligible undei the regulations. Mr. AV. Se.-.rle, lessee, of Section -', Block 111, pwhango Township., 1 rood, applied to withdraw his surrender of the section, which was approved by the board last meeting, ami asked that the board should anprove of a transfer of the section to Mr. J. Kindberg iifctead.— It was resolved to approve on the usual conditions, undor the circumstances.

With reference! to the proposed transfer of Section 33, Rakaiifori! A'.S., 17 acres 3 roods 12 poles, from Mr. G. \V. Mills to Mrs. ]•!. M'Kny, tho Commissioner advised the board that forma! approval had not been granted. A report was received from the steward of (he Xorth AVaiiuariiio Improved Farm Settlement nn the uroposod transfer of Section r>. Block VI". Huimn. ICO acres from Mr. W.-E. ]leniiison to Mr. A. Grublier.—lt was resolved to approve. A report-was received from Ihe Crown Lands "Ranger on the proposed transfer of Section 29a. Block JIT. Makolukti. 10 acres 3 roods. 13 poles, from Air. H. Coventry to Mr. J. A. Bush.—l! was resolved lo approve Ihe Iraiisfer, provided Mr. Kii,h is m-epured to give nn undertaking to reside i.n the land as soon ns tha transfer is effected, but if he is not. preimod t(| do this and comply with (he conditions in a bona-fid" nmnncr, (he mutter should lint be allowed lo proceed. Mr. S. Tiinlrru applie(i !:> subdivide and Inuisfer about H acres of Section 1'. , ". Block XIII, Belniont, Korokoro V.S., to Mr. I?. Bailev.—lt was resolved to declinn the amilicatioii on aecount of the small amount of rcnlal which would ba payable on the new allotment, but there would probably be no objection to a sublease on the usual conditions.

It was resolved to withdraw the consent to the transfer of Section 7, Block IV, Uniuloi, 200 neros, from Mr. J. J. Welsh to Mr. IC. M. 0. Venable;, as tho matter has licit been proceeded with in a reasonable time. A report was received from the Crown Lands Hanger on Mr. 0. Lewis's appliealir.n t-o transfer Section -12, Wock JV, .Mausii.wliwo. IUIiG sm< I ro:iil, !o Mr. IF. i\. (.'ollin-.-ll was resolved to approve o» Iho usiinl conditions. Ae renort wn.i received from Iho Crown Lund-.' liaiiwi , on the iiropo-i'il transfer of Si-tlions 111 ami 20. lilocl;'IV. Alt. Cer.--lii:.-:. -1011 acres, from Jlr. 1). do Molinaiielic lo Mr. S. Sai'K'i'iil, and al-j of lidiicnlion Section 11, Block XI. Makiiri, alii acres, to Mr. S. Sargent-It was rusolvod to ayprove on (ho usual conditions, under the circnnis'tanc?s. Mr. J. A. I'owric apiiliod to trnnsfer Section 111, Block XIV, Belmont, Knmii Hamlet, 2 acres, lo his wife, Mrs. (.:. L. I'uwi'ii , .—lt '.''as rcsalveil lo unnrov'u under the ciri'iniislai:-cs. M.r. \V. A. I'lynn applied to transfer Section:l7. Uloi-I: 1, Ki>ivnn-u. Te Miiliia Setllcmenl. (17 acre- II rouil- I! poles, to Mr. .1. A. I!. W'iisoii.-H w.iv resolved lo.nppiiive i.ii I hi.' ii-iial cni).Ml inn-. Mr. I". L. and (.). .). If. Wile applied lo transfer Seel ion S, Bind; IV, Taranin. M acres, to Mr. 0. J, H. Velte onlv.-lt

was resolved to ar.provc.on the usual conditiaiis, and provided the proposed transferee is eligible and suitable." Mr. T. A. Moriiic attended and applied to lian-loi- Section Hi. Blcel; XI, Mnkuri. ■'Ml acres, to .M.r. W. T. Knhlell.-It was n-.-olvnl to npprov,-. The executors of I lie late 10. V,. S. Mar-li applied to transfer Sections 25 and :'(i, Auhansa, -100 acres, to Mes-rs. I!, and I. Soincrville.—lt was le-ulvcd t'i approve on the usual conditions, jmividod the proposed transferees. 1 are eligible and suitable. Mr. .Tames Pago applied to transfer Section 18, Block IV, Taraiiia. 20(1 acres, to Mr. A. Davidson.—lt w;- ri solved to approve. A report was icci-ived from the Crown Lands Kai-cr mi tin. pr.mosed Irnii'i'er of Section 7, Jibe!; 111. Wni|>;ikimi, UXi aci?.s II ioills, 21 pen-lie-, from Mr. T. .Miicle.ui to Mr. l\ Evaus.-ll was resolved to nppr.ive oil the usiwl condition". Mr. T. C. 'Vincent anpliwl to transfer Lot' 3of Section -IT, Levin V.S., 'J acres 1 rood, to Mr. J. Harvey.—lt was n.soivcil to approve in Hie iiMial condition-. Mr. Hiissey attended with Mr. M'Dowell, with reference to the proposed transfer of Seerbns 17 and IS, Block VIJI and IV, Tirirankawa, 100 acres, Jrom Mr. John Fitzgerald to Mr. K. M'Dowell, postponed from last meeting.—.lt was resolved to approve of the applications being withdrawn when documentary requests are received. Tho Registrar in- the Supreme Court for the mortgagee in the estate of .1. J. Sorensen applied to transfer Sections 22 and 23, Block X, Aohnngn, -JO9 acres, Id >Jrs. C. 1,. O'Meara.-lt was resolved to approve on the usual conditions, and provided the provisions oi' Section 84 (1) (c) of The Laud Act, 1(108, are complied with.

RESIDENCE. Mr. A. C. Gawithjessce of Section 10, Block VIII, Iluangarua, Malmkiipu Settlement, li:ji) acres, wrote applying for 12 months' leave of absence from the section as he wishes to go away for a trip.—lt was resolved to approve as from the Ist proximo. Mr. J. AVoolston wrote stating that his wife, Mr.-:. M. A. E. Woolston, would take up her residence on Section 0, ]31oek XV, Kailieke, DIM acres 2 roods, on tho 2-lth instant.—lt was resolved to accept as .satisfactory in the meantime. The Commissioner advised tho hoard that Mrs. M. Morris, lessee of Section 2, Block I, Hnropito "West Township, 1 rood, had not replied to the board's notice callins upon her to show cause why her interest jn the section should not bo declared forfeited for non-compliance, with (lie conditi-us oi , her lea.s(\—lt was refolvcd to declare all her right, title, and interest in the section forfeited accordingly. The Commissioner advised the board that no definite ropiics had been received from Messrs. J{. (} and J. H. Mabey with reference- to their failure to reside on Section 8), Block IV, Jielmout. Mpiini Hamlet, 1 acre 2 roods H perches, nor had they sent in a sublease as promised some months ago.—lt was, therefore, resolved to declare their interest in the section forfeited. A report was received from the steward of the North Wnimariuo Improved Farm Settlement as to '.Uβ non/rcsidence of Mr. A. J. Morris on Section 2u, Block IT, Hmiua, 200 acres.—lt was resolved to declare his interest forfeited. A report was received from the Crown Lands Hanger to the effect that Mr. C. YV. Wilkinson, lessee ;.i Section 83, Taihaoo Extension V.S., 3 acres 0 roods 16 porches, was not residing thereon. The Commissioner advised tho board that the lease has.now be.™ held eight years and nine months, and there has been no residence by the lessee.—lt was resolved to call upon him to show cause why his interest should not be forfeited.

A report was received from the Crown Lands Hanger to the effect that Mr. Thomas Grcenawny had not yet taken up his residence on Section l>, 'liloek XIII, Huanjariui, Dyer Settlement, 2115 acres. The selector obtained the section by transfer in July last, but pleaded t'iiat his wife was 100 ill lo enable him to carry pur his undertaking (o reside on the land. The ranger, however, leported (hat he understands that Mrs. (Jrwuaway's health had been iiuliflercnt at the time of the transfer in July, although this is now being used as a reason why residence should not be complied with.—lt was resolved that he must either reside or i"orieit hia lease. Tho Commissioner reported that Mrs. 0.. Hogg, lessee of Section S3, Block VIII, bcljiiont, Normaiulale ScUlement,-13 acres 1 rtied 21 perches, had not, replied to the notice calling upon her to show cause why her interest should not be declared forfeited for non-payment of rental, nonresidence, and overdue rates, owing, lo tho Hutt Valley Tramway Hoard.—lt was resolved, therefore, to declare her interest in the section forfeited on the usual conditions. Tho C'ommisvbiier informed the board that Mr. J. S. Sandbrook. lessee of Section 2G, Olulcuue V.S., 10 acres, and who had recently surrendered his interest in the land, had become bankrupt, and was unable to pay the surrender fee of ss. to enable the surrender to be registered in the La id Transfer OiSco.—lt was therefore resolved to declare his interest forfeited for non-compliance with the conditions.

Mr. F. H. Djwden renewed his application for exemption from residence on Section 11, Xirealm A\S., for a further period of 12 months, it' the board cannot see its way to relieve him of residence altogether so long as he resides in his present location.—lt was resolved'to adhere to the previous resolution. Mr. IT. Bromley, lesse* of Suction 23, ISlock IX, Himiia, Xorth AVaimarino I.K Settlement, wrote asking Uiat the six months' exemption from residence ''ranted by the board on December 21 last,".should (lato from July 1 next, as he has got a billet as milkiiii foreman at liot'orua. where ho is taking baths for his health'. —Jc was resolved to approve under the circumstaiues. m MI i 5 ' tmV ~ liceil> -« e of Section 0, JJlock VII, Hunua, r>t)2 acres, wrote renewing her reijueat to bo allowed to reside with her husband on his Section 1 Block IT, Hunua, in lieu of on her own. -It ms resolved to refer her to the previous resolution .of the board conveyed lo her by letter, doted September 8 hut. GE.\£IUL. It was resolved lo approve of G. l.oung being granted a permit to occupy temporarily from ye;n- to year th« Crown land comprising about i acres between railway line and Kakahi Stream, north ot Kakahi Station yard, at a rental of £1 per annum, subject tu determination at any time and lo usual conditions. . It wks resolved "to approve of Mr. James Cornwell being allowed to remove his fencing from area recently occupied bv him in Owhaugo township, all d to his , beiii!?. granted u permit to occupy the plantation reserve from vein- to year (between Uw.iKuigo lioad and Overhead Bridge) on such special conditions mid at a rental lo be iixed by the Commissioner, subject to determination :it a'ly time.

With reference'to tli'e term of Messrs. Haldfinch and t'o.'s sawniillini licence cf Section 29._ Block V. Kariui. 'it was resalved to fix the term at live years instead of four years as originally proposed. It was resolved to approve uf the improvements en Section so, Mi'.tarca V.S., being reduced to J:5 17s. owing to destruction of v.hare by luc. It was resolved to npprvoe of Section ■il, Ohakune \.'.fc-.. II) acres being reoll'ered on renewable lease at rent of i:S per annum. It was resolved to approve cf Section .%, Ohakune V.S., It) acres, beimj reoll'ered on renewable leaso at an annual rental based on a capital value of ,I'llj. X-o improvements. It was resolved to approve of Section 2li, Oliaknin- V.S., are?. 21) acros, bein? reoffcred on repcwiible at a rental of .L'lli per annum. No improvements. It was re-ohed to approve of Me-srs. D. and J. M-irlin 1.-t-ij>=^"-ri-iuti-tl a permit to ceeupy N.ti.l!. 1;!. Block lI J, Apiii, for oi<e year fnim J'elirn:ir.v 11, I 111 , .', at a reulnl nf .<M \m niimini. Mr. (.'...,iy (lepre-vntiiiiT Mr. Uitrhic) attended with ivlVrcnct to the inilliin; of the timber on Section, I 3ml 2. )llr,;-k V, Karioi, and j-l;ed thai .Mr. KiUliio be granted the tinier as he made all nrr.iii'ir.nii'iits I" mill it. The niat.er was po.-llioncd tilt next, niretiii;?.

Tho I.'olinnvjiia (.'ouiily Council wrote that a portion (Xo per aiinunO of the thirds uccrtiin<; from Mr. W. S. IJad?ct's Sections 7 and S, Hl.iuk VII. .I'olianj»ina, bo nllowed to bo. diverted from ordinary revenue and hypothecated for special rates on various bans the expenditure of which has benolUcd (he sections. The ranger having recommended that: tho hypothecation ho agreed to the board approved. The Kiwilea Coiinly Coumil mbmiilo.d proposals lor (he eNpenditure of accrued thirds ainoiinlins- lo ,t;)i!) u>. Id. The. proposals havinij been recommended by tho ranker, were approved. Tke. Featlwrston County CouajU sub-

mitted proposals for the expenditure of accrued thirds amounting tu .fc3(i l. r Sd. Approved subject to investigation by the The I'etone Borough Council forwarded proposals for the expenditure of accrued tiiiird". Approved, subject to investigation by the ranger.

The Ifang'i'ikci County Council forwarded propolis for the uspeuditure of accrued thirds amounliii!* to .1:1081 Bs. Jd. Tlie ranger having recommended the proposal.-? I hoy were approved. Tin: Kiwitea County Council applied to havo the thirds from Sections 11 and H, ICarewsiruwa* V.S.. hypothecated for payment of rates on JCarewarcwn Bridge lean. Approved subject to Ika riuigor's report being favourable.

Jt was itsolvcil lo rreoininnnil Iliaf Seelion I. Ulock V. Jianrimii Iwnship. !;;• rc-e;-v:'il for county buildings for the Kailieke county. Jl was resolved to recommend that the w.linli! (.'f Section 57, Block X, Hautapu (da. Ir. :ill]).). l;« set a<i(lo as a reservoir i-ite and handed over to the Maiigaweku Town' Hoard. A report was received from the Crov;n Lands Kanger on the proposal by Mr. A. E. Hooker, lessee of Section 20, Block ]], Tilliiii Carrington Settlement, that ho 1)2 allowed lo take a third white crop from the 15 acres referred to by him. It was resolved to approve the reijtiest under the circumstances.

Mr. V. J. Cortcr forwarded an agreement entered into by himself and Mr. V. .1. Dunn, lesseo of Section 55, Ohukune V.S.. in tegnrd to using the sec'.ion for burning' sawdust and other rubbish on. It was", rpsolvi-d to approve of the agreement on the usual condition.?.

It was resolved to authorise the Receiver of Land Revenue to pay £W ss. 9d., received for improvements o:i Jinkalapauma pastoral run, to the outgoing lessee, or lo his order on application being made to tho receiver in that behalf. Also to issue the lease to Messrs. Murphy and.Carlson as soon as possible. ' The manager of the Pukcweka Sawmill, Ltd., wrote offering to purchase the timber on Section 4, Block IJ, Hunua, Jsorth Waimarino Ll'. Settlement; at tlio appraisement mentioned in records Mis •J-IS/S9. being a total of ,£395, It was resolved to approve at the pne? on llio iifiial conditions ami subject to such ether terms and conditions as tho Commissioner thought ill to impose. With regard to Mr. S. W. Smjlh. whose lease of Small (.mixing Hun 139 ami 21-, Block \'llJ, Kopuaranga expired on leuruarv 29, 1912, it was resolved to grant him "a permit to oecuiiy it temporarily for oin) year from that date at a rent of .tlo2 (is. per annum. Messrs. J. Gordon and Thomas Clifton, applied lo obtain the freehold title- ol Section 10a, Block V, JCarioi.—lt was resolved to obtain a report from tho Crown Lands ranger. ■\ report was received from t ha .Crown Lands ranger giving his appraisement on the capital'value of Section 22, Block \ J, Aohanga.-ll was resolved to advise the lessee. Mrs. Louisa Larson, accordingly. With reference to the. application of Mr. T. O'Neill for the freehold title of Section 2. Block I, Mnngawhero, 1G55 acres , , a report was received from tho Crown Lands rauger.—lt was -resolved to approve. Mr. A. G. C. Luxniore applied for tho freehold title of Section 11, Block IX, llautapn, 201) acres.—lt wns resolved to obtain a report from the ranger. Mr. W. V. (.'arson applied for the freehold title of Sections 1 and 17ii, j3lock VII, Tiriraukawa, 207 acres-It vas resolved to approve. The Crown Lands ranger forwarded his appraisement with the capital value of Sections 17 and 17a, Block VII, Aohanga, 301 acres 2 roods 21 perches.—lt was re-s-.olved to forward (he same to the lessee, Mr. ,r. C. Hoadley.

II: was resolved'to approvo of Section 9, Block 11, Hawtrey Settlement, 1 acre 0 rnoils 0.1 perch, being reofi'eral on rcneivnblo Irate at a rout of .CO Gs. per annum. No improvements. With regard lo Mr. F. 11. While's tsnmvcil application for Sections 13 ami U, Langdale Suburbs, it was resolved to make a fresh recommendation in lerms of tho resolution passed on October 20, 1911: UeferTinj! to the board's resolution of December 20, 1911. on records 20G-6", fixing land value of part, of Section (i, Block V, Knrioi (which it in proposed to allot to Mr. W. ltcmiis), at £2 10s. par ar.ro, it was resolved to add to this for inclusion in capital value .£l5O, as value, of timber on land referred to. Tho Mangaweka Town Board forwarded proposals for the expenditure of accrued thirds amounting to £i 7s. Bcl. —It was approved subject lo investigation by tho Tno Mnsterton County Council applied for permission lo hypothecate thirds from Sections 0. 7, 10. 11, 12, 13, 1-J, 15, ID, l<, and 18, Block'lll, and part 1 of Section 2, Block IV, l'uketoi, for special rates as security for the Hntnwai Koad metalling and bridges special loan. The ranger having recommended His proposal, it was approved subject to a copy of (he. advertisement as to I ho proposed loan being put in. With regard to Sections 3i and 33 (national endowment! and lit Crown land, Block VII, Makuri. it was resolved to empower the Commissioner to deal with tho question of allotting (hose lands (o the adjoining owners under such sections of the Land Act as ho may see fit at the following prices:—Section 32, 355. per acre; 33, 30s. per ncre; 31. 30s. per acre. With reference to Messrs. I'ear and Knight's applications for , Hie right to graze Section 97, Block VIII, Belmont, it was resolved to ask each of them to submit a tender for Iho temporary grazing right.

It was resolved to approve of {section 28, Ohakimo V.S., bcin;i reonVrcd on renewable lease at a vent of £5 10s. per annum. No improvements. It was resolved to approve .cf Section 35, Ohakuue V.S., 10 acres, being reofl'cred on renewable, lease at a rent based on capital value of .til"). Xo improvements.