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that the assembled owners of any Native freehold land may pass in the manner provided by the said Part XVIII, a resolution that such land shall be disposed of by sale or lease under this Part of this Act, and a further resolution appointing some person or persons (not exceeding three in number) to be the agents of those owners for the purposes of this section. " (c.) On the confirmation by the Board of any resolution under this section, a copy of that resolution and confirmation under the seal of the Board shall be transmitted by the Chairman to the Minister, and shall be gazetted. " (d.) A copy of the Gazette containing any such resolution and confirmation shall be conclusive evidence of the determination of the owners that the land shall be disposed of under this Part of this Act and that the appointment of agents was duly made by all the Native owners of the land. " (5.) Agents appointed pursuant to this section shall have and may exercise during the term of their appointment, for the purposes of this Part of this Act, all the powers of the owners with respect to the land for the disposition of which they have been appointed agents; and, in particular, may execute in their own names on behalf of the owners, without any further consent or concurrence of the owners of such land, all such conveyances, transfers, leases, and other documents as are necessary for any of the purposes of this Part of this Act and for the disposition of land thereunder. " (6.) Notwithstanding anything in the preceding provisions of this section, no Native freehold land to which this section relates shall be disposed of by sale or lease, except with the concurrence of a Land Officer, who shall be a party to every sale or lease of any part of such land, and shall join in the execution of every conveyance, transfer, lease, or other document in respect thereof. "(7.) Every conveyance, transfer, lease, or other document affecting land executed by the agents and by a Land Officer shall for all purposes effectually convey, transfer, demise, or otherwise affect the estate or interest in such land, according to the tenor of the instrument so executed. " (8.) The proceeds of all sales of land under this section shall be payable only to the Land Officer, and shall be paid by the Land Officer into an account to be entitled the Native Land Trust Account. " (9.) Such proceeds shall be applied; first, in repayment of moneys advanced and expended by the Minister and interest thereon as provided by section twenty-si* hereof; and next, in payment of all other charges and expenses incurred by the Minister and the agents and the Land Officer in relation to the land, and the balance of the capital proceeds shall be invested in such manner and upon such trusts for all the Native owners of the land, and their successors, as may be prescribed by regulations : " Provided that where by the agreement between the agents and the Minister it is stipulated that a part, not exceeding one-third of the whole of such balance of the capital proceeds, shall be paid over to the Native owners, such part may be so paid over in lieu of being invested as aforesaid : " Provided further that in every case the prescribed trusts of the moneys invested shall be such as to permit only the payment to the Native owners and their successors of the income of the investments. " (10.) The rents of all land demised under this section shall be paid into the said Native Land Trust Account, and shall be paid thereout from time to time to the Native owners and their successors. " (11.) There shall be charged and paid out of the said Native Land Trust Account in respect of the management and investment of the capital moneys, and the collection and distribution of the income and rents, such allowances and charges as may be prescribed by regulations. " (12.) Every purchaser and lessee of land under this section shall be deemed to be so far the purchaser or lessee of Native freehold land as that all the provisions of Part XII of the Native Land Act, 1909, relating to limitation of area, shall apply to the acquisition by such purchaser ■or lessee of the land purchased by or leased to him. " (13.) Save as is herein expressly provided the provisions of the Native Land Act, 1909, shall not apply to any appointment of agents, agreement with the Minister, or deed of conveyance, transfer, lease, or other document affecting any Native freehold land under the provisions of this section, and it shall not be necessary- that any such document be confirmed or be executed as required by that Act. " (14.) The Governor in Council may from time to time make such regulations as he deems necessary or expedient for the purpose of giving effect to this section." Resolved, That the Bill as amended be reported to the House. Resolved, That the minutes of proceedings be reported to the House, and be printed. The Committee then adjourned. Approximate Coxt of Paper. —Preparation, not given ; printing U,500 copies), £5 10s. • r .._

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