7

I.—sb

Resolved, That the subclause as amended stand part of the clause. Resolved, That subclause (2) as printed stand part of the clause. Resolved, on the motion of the Hon. Mr. Massey, That subclause (3) be amended by striking out the word " renewable " in the second line. Resolved, That the subclause as amended stand part of the clause. Resolved, on the motion of the Hon. Mr. Massey, That subclause (4) be amended by striking out the word " renewable " in line 5 and line 10. Resolved, That the subclause as amended stand part of the clause. Resolved, on the motion of the Hon. Mr. Massey, That subclause (5) be amended by striking out the word " renewable " in line 11. Resolved, That the subclause as amended stand part of the clause. Resolved, That subclause (6) as printed stand part of the clause. Resolved, That subclause (7) as printed stand part of the clause. Resolved, on the motion nf the Hon. Mr. Massey, That the following new subclause be added to the clause :— " (8.) Every lease under this section shall be for a term of twenty-one years, with a right of renewal from time to time for a further term of twenty-one years, exercisable in the same manner as in the case of renewable leases under Part 111 of the principal Act, and all the provisions of that Act relating to renewable leases shall, mutatis mutandis, apply to leases under this section." Resolved, That the clause as amended stand part of the Bill. Schedule : Resolved, on the motion of the Hon. Mr. Massey, That the schedule be amended by striking out the fourth paragraph and inserting the following words in lieu thereof : — " (4.) The rent for the period elapsing between the date of the lease and the due date of the first half-yearly payment shall be payable at the option of the Board either with such first halfyearly payment or at the due date of the next succeeding half-yearly payment." Resolved, That the schedule as amended stand part of the Bill. Resolved, on the motion of the Hon. Mr. Massey, That the following new clause be inserted in the Bill: — " 19a. (1.) Where the holder of a pastoral license has suffered exceptional loss of live-stock by reason of the severity of the winter and the heavy falls of snow, and such loss has crippled his resources, the license of such holder may be extended for such period not exceeding , five years as, in the opinion of the Minister and the Land Board, seems equitable. " (2.) The license during such extended period shall be held on similar terms and conditions as are embodied therein." Resolved, on the motion of the Hon. Mr. Massey, That the following new clause be added to the Bill :— " 20a. This Part of this Act shall form part of and be read together with the Land Act, 1908, which Act is in this Part of this Act referred to as the principal Act." Resolved, on the motion of the Hon. Mr. Massev, That the following new clause be added to the Bill :— " 20b. In this Part of this Act, if not inconsistent with the context, — " 'Notice" means a notice in writing signed by a lessee of land held under lease in perpetuity of the lessee's intention to purchase the fee-simple of the land : " ' Original capital value ' means the amount upon which the yearly rental of four per centum was computed at the date of the lease : " ' Price ' means the price at which land held under lease in perpetuity may be purchased, ascertained in the manner provided by this Part of this Act." The Hon. Mr. Massey moved to insert the following new clause in the Bill : — " 20c. (1.) The owner of a lease in perpetuity shall have a right at any time hereafter during the existence of the lease to purchase the fee-simple of the land comprised in Vne lease at a price ascertained and determined in the manner provided by this Part of this Act. " (2.) The right of purchase hereby conferred shall be exercised by giving notice to the Commissioner. " (3.) The delivery of the notice to the Commissioner shall constitute a contract between the lessee and the Crown for the purchase and sale of the said land. " (4.) The lessee shall in the notice notify whether he elects to purchase for cash or upon deferred payments." Mr. Witty moved to amend subclause (1) by striking out the words " at a price ascertained and determined in the manner provided by this Part of this Act," with a view of inserting the words " provided that the price paid shall not be less than the present-day value." And the question being put, That the words proposed to be omitted stand part of the clause, the Committee divided, and the names were taken down as follow :— Ayes, 10: Hon. Mr. Buddo, Mr. Coates, "Mr. Guthrie, Mr. Macdonald, Hon. Mr. Massey, Mr. E. Newman, Mr. Nosworthy, Mr. T. W. Rhodes, Mr. R. W. Smith, Mr. Statham. Noes, 3 : Mr. Forbes, Mr. Robertson, Mr. Witty. So it was resolved in the affirmative. Resolved, That subclause (1) as printed stand part of the clause. Resolved, That subclause (2) as printed stand part of the clause Resolved, That subclause (3) as printed stand part of the clause. Resolved, That subclause (4) as printed stand part of the clause. And the original question being put, That the clause as printed stand part of the Bill, the Committee divided, and the names were taken down as follow : —