Page 4 Advertisements Column 3

Hawke's Bay Times, Volume 7, Issue 385, 14 June 1866, Page 4

Government Advertisements. CONDITIONS. 1. The different lota shall bo put up at an upset price, and the person who shall bid the highest sum for each lot by way of annual rent (such rent to be fixed as provided for in the next condition) shall bo declared to be the purchaser or lessee thereof for the term of 19 aud.2o years respectively iu the Hikutoto and Papakura Block from the date of sale, subject to the terms of a lease to be executed as hereinafter mentioned. 2. The rent for the first half-year of the lease shall be paid to the Auctioneer on the fall of the hammer. 3. The rent for the remaining years of the lease shall be paid half-yearly by equal half-yearly payments. 4. Li addition to the rent, the lessee of each src-Jo'i shall fco liable to pay, on the requisition of a majority of the leaseholders to the Superintendent, such sum, not exceeding the rate of ten shi.Jh'g-j tor each acre contained within his section ; the same to be expended under the direction of the Provincial Engineer for purpose of drainage or for the formation of any bye-roads within the block. 5. The leaseholder of each section shall bo compelled by the terms of his lease to fence in his section within twelve months from the date thereof, and to cultivate at least one-tenth of it within the same period. G. Any leaseholder failing to comply with cither of these conditions shall forfeit his lease, which shall then be again put up to auction and disposed of as before set forth : Provided that in sueii case tne second lessee shall, iu addition to any arrears of rent, be liable also for one half of the coat oi any sufficient dividing fence that may nave Lt-cii erected by any adjoining leaseholder. 7. The Provincial Government shall give an undertaking that in case the lands, or any part thereof, contained in any block leased under these conditions becoming the properly of lire Government, a pre-emptive right of purchase of the laud contained in ins lease shall be given to eaeli leaseholder, such pre-emptive right to be subject to file payment of a valuation to be fixed by aridfration (:n the usual manner), such valuation not to include any improvements that may have been effected by the leaseholder, nor to be a less sum than the total cost to the Government of such land ; Provided that any such promise of preemptive right as aforesaid given to any leaseholder who may’ forfeit ins lease shall be null and void. G. If the upset price for any lot be not bid, such lot Avail bo withdrawn from sale, but will remain open to bo leased under the I3th condition. 0. If any dispute shall arise between two or more bidders, the lot in dispute shall be immediately put upagain. 10. If any person fail to make the payment by way of deposit as provided for in the 2nd condition, the lot bid lor by sued person shall be immediately put up again for sale. 11. A lease of each lot will be granted to each purchaser or lessee, and such purchaser or lessee will be required to execute a counterpart thereof within four Icon (14) days from the date, of sale, and to bay the expenses of the lease and counterpast, and if any purchaser or lessee shall fail to execute such counterpart lease within the time lastly’ mentioned, the deposit paid by such purchaser shall be absolutely forfeited, and the purchase shall be declared rescinded. 12. A copy of the proposed lease can bo seen r.i the time of sale. Such lease will contain the usual covenants and provisos, and a covenant restraining the lessee from requiring the lessor to fence or contribute towards fencing the land eon; prised iu such lease and land adjoining the proper! j of the lessor. 13. Any lots remaining unsold may, during a period of cue year from the day of sale, be leased by any person at the upset price, subject to these picsen. conditions. 14. Should there be any simultaneous applicaiona for the lota mentioned in the last condition, then such lot or lots shall be submitted to comped! lon between the applicants only. The highest bidder at such sale shall be considered the purchaser or lessee, subject to the present conditions, 15. Upon the execution of the lease and counterpart hereinbefore mentioned, each purchaser or lessee shall enter into possession of the lot comprised in his or her lease.