The Pamphlet Collection of Sir Robert Stout: Volume 56
The holder of a pastoral lease, at the time of making his application therefor, could also apply for a licence to occupy the resumed area until disposed of, paying at the same time a deposit of £2 per square mile in advance, until appraisement by the Local Land Board with that amount as a minimum licence fee.
The amount of licence fee as determined must be paid within sixty days of notification thereof in the Gazette, under penalty of loss of renewal, these licences being annual from the 1st of January in each year.
Failing application for the use of the land by the pastoral lessee, the licence may be disposed of by auction or tender.
Proportionate refund of license fee is made for area withdrawn from occupation licence, as well as compensation for improvements thereon, subject to appraisement by the Board and Ministerial approval; proportionate reduction in future fee pro rata is also made in similar circumstances.