Page 6 Advertisements Column 2

Hawke's Bay Times, Volume 7, Issue 387, 21 June 1866, Page 6

Government Advertisements. CONDITIONS. 1. The different lots shall be put up at an upset price, and the person who shall bid thehighest sum for each lot by way of annual rent (such rent to be fixed as provided for in the next condition) shall be declared to be the purchaser or lessee thereof for the term of 19 and 20 years respectively in the Hikutoto and Papakura Block from the date of sale, subject to the terms of a lease to bo 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 bo paid half-yearly by equal half-yearly payments. 4. In addition to the rent, the leasee of each section shall be liable to pay, on the requisition of a majority of the leaseholders to the Superintendent, such sum, not exceeding the rate of ten shillings for 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. Tho leaseholder of each section shall be 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. 6. Any leaseholder failing to comply with either 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 such case the second lessee shall, in addition to any arrears of rent, be liable also for one half of the cost of any sufficient dividing fence that may have been erected by any adjoining leaseholder. 7. The Provincial Government shall give an undertaking that in case the lauds, or any part thereof, contained in any block leased under these conditions becoming tho property of tho Government, a pre-emptive right of purchase of the land contained in his lease shall bo given to each leaseholder, such pre-emptive right to be subject to the payment of a valuation to be fixed by arbitration (in the usual manner), such valuation not to include any improvements that may have been effected by the leaseholder, nor to bo 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 his lease shall be null and void. 8. If the upset price for any lot be not bid, such lot shall bo withdrawn from sale, but will remain opeu to bo leased under the 13th condition. 9. If any dispute shall arise between two or more bidders, the lot iu 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, tho lot bid for by such 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 fourteen (14) days from the date, of sale, and to pay the expenses of the lease and counterpart, 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'purchaso shall be declared rescinded. 12. A copy of the proposed lease can bo seen at 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 I'enciug the laud comprised in such lease and land adjoining the property of tho lessor. 13. Any lots remaining unsold may, during a period of one year from the day of sale, be leased by any person at the upset price, subject to these present, conditions. 14. Should there be any simultaneous applications for the lots ment:Oued in the last condition, then such lot or lots shall be submitted to competition between the applicants only. If ho highest bidder at such sale shall be considered the purchaser or lessee, subject to the present conditions. 15. Upon tho execution of tho lease and counterpart hereinbefore mentioned, each purchaser or lessee shall enter into possession ef tho lot comprised iu his or her lease.