GAINING THE FREEHOLD.

King Country Chronicle, Volume VII, Issue 564, 3 May 1913, Page 5

GAINING THE FREEHOLD.

new regulations issued,

Regulations covering the purchase of the fee simple of renewable lease lands held under part 4 of the Land Laws Amendment Act, 1912, have been gazetted. Every owner of a renewable lease of settlement land who desires to purchase the fee Bimple of the land comprised in his lease must give notice of his intention to the commissioner, and every notice must be accompanied by a statutory declaration made by the lessee. Every license to occupy issued on the determination of a renewable least must contain such of the provisions of the j lease as the Land Board considers applicable. If the licensee fails to observe any of the provisions or makes default in the payment of any instalment of the price or of any interest due, the Land Board may, without notice, forfeit the license. The declaration to be made by the applicant for the fee simple is to the effect that the land concerned in the application, together with all other land owned or occupied by him under any tenure, does liOt exceed a total area of 3000 acres, computed as follows;— Every acre of first-class land is reckoned as 7£ acres; every acre of second-class land is reckoned at 21 acres and every acre of thirdefasß land is reckoned as one acre.