The Feilding Star, Oroua & Kiwitea Counties Gazette. Published Daily. SATURDAY, JULY 6, 1895. TWO REMARKABLE BILLS.
Sir Robert Stout has introduced a Bill entitled " An Act to make provision for Securing Homes for the People," which provides that any owner of land, whether freehold or leasehold on which he resides and has his home may settle such land, not exceeding £5000 in value as a homestead, but he cannot do so unless such land is unencumbered, and he is able to pay all his debts without the aid of the land proposed to be so settled. Any person claiming an interest in the land may object in the prescribed manner within sis mon:hs of notice having been published. The effect of registering the land will be as follows': —(1). For the personal use and occupation of the settlor and his family until the period for distribution. (2). For distribution at the period for distribution amongst the family of the settlor then living, or, if he has no family, then for distribution amongst his devisees or next of kin. (,3). So that no alienation or dealing, or attempted alienation or dealing, by the settlor or his family shall have any force or affect, except as provided in sections eleven and twelve of this Act: (4). So that the estate and interest of the settlor and his family shall continue personal, absolute, and unaffected, notwithstanding any bankruptcy, insolvency, assignment, judgment, order, execution" sale, transfer, conveyance, mat ter, or thing, which but for this Act could directly or indirectly have affected any estate or interest in the land. (10). The period for distribution of a homestead shall be the date of the death of the settlor, or the time when all the children of the settlor shall have attained the age of twenty-one years or died under thet age, whichever shall la st happen. The Sfcoud Bill introduced by the lion. Mr J. McKenzie bears the same title almost, and the only material difference is that in tha latter measure any owner of land may settlo freehold or leasehold land but, including improvements, such settlement must not exceed £1000 in value. With that exception the general provisions and conditions ox both Bills are the same. The debate in the House which has already begun promises to be interesting. [Since the above was in type we learn that Sir Robert Stout has withdrawn his Bill in favor of the Government measure.]
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Bibliographic details
Feilding Star, Volume XVII, Issue 6, 6 July 1895, Page 2
Word Count
407The Feilding Star, Oroua & Kiwitea Counties Gazette. Published Daily. SATURDAY, JULY 6, 1895. TWO REMARKABLE BILLS. Feilding Star, Volume XVII, Issue 6, 6 July 1895, Page 2
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