NATIVE LANDS
PROPOSALS FOR ACQUIREMENT OP FREEHOLD.
Bv Telecraph-Proas A.6Bocia(ion Te Kuiti.ffMarch 25. ; The Government proposals .for '103.38.es acquiring the ,-freehSld in ships offer an alternative; the Gove n ment will buy the Natives interest m tho :lease, -first entering .into .an .agreement with the lessee to purchase. Tltf lessee can buy outright for,cash, .or pay 5 ,per 'cent, do.wn flnd nineteen instalments, of 5 per cent. Afteivnotificaton that the Native Purchase Board .has bought the land, the leasee will .be.giYen six months in which to complete ;if buying outright, or make the firs-.payment under the instalment plan. Tlio pi'WO will jbo the ..nmoiint .paid .the Natives plus per cent, to cover Govenunonufl cost of acquisition. Tho proposals .wero considered hy a conference last night, and were thought to be satisfactory-on the whole.
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Dominion, Volume 13, Issue 155, 26 March 1920, Page 6
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133NATIVE LANDS Dominion, Volume 13, Issue 155, 26 March 1920, Page 6
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