CONVERTING TO FREEHOLD.

King Country Chronicle, Volume VI, Issue 434, 27 January 1912, Page 5

CONVERTING TO FREEHOLD.

PAYMENT OF THIRDS

From time to time the question has arisen at County Council meetings <as to what provision ia made for the payment of thirds on properties which have been converted from O.K.P. to the freehold tenure. In reply to an inquiry on the subject; the following letter -has been received by Mr P. Mora, Councv clerk, from the Crown Lands Commissioner, Auckland:—^ "In reply to your letter of the 17th inst., I have to inforrr, you that the Land Act provides that 'When any land in respect whereof any thirds are payable is acquired in freehold, then the whole amount of the aliquot parts of the rents or payments which would become payable in respect of the said land had it not been purchased shall be paid by the Receiver of Land Revenue.' This means that in all such cases the local body receives the full amount of fifteen years thirds on the land, whether it remains under Crown lease or is converted into freehold. lam not quite clear whether the above is a sufficient answer to the question intended to be conveyed in your letter, but if not, shall be glad to hear from you again.—John Bendely, for Commissioner Crown Lands.