Ture Whakahaere Rahui Maori
[section]
52/ 61. | Notwithstanding anything in this Act, the Public Trustee may from time to time set apart for lease with right of renewal, as provided by this Part of this Schedule, portions of rural lands not exceeding fifty acres each, to be open to all persons by tender to the Public Trustee in such manner as it thinks fit.
Every lease under this provision shall be for a term of twenty-one years, renewable from time to time as hereinafter provided. No lessee shall, either solely or jointly with any other person or in partnership, under this provision hold more than fifty acres. Any lease so held shall be absolutely void. The rent shall not be less than five per centum per annum upon the value of the land, not being less than shillings per acre. Except as hereinbefore mentioned, all the provisions of this Act shall apply in respect of land taken up under this section. |