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In Regard to Runs Within Otago.
114. Before the expiration of any license or lease for
On expiration of license or lease Board to determine how lands so held shall be dealt with.
depasturing purposes now in force, the Board shall, with the approval of the Government, determine whether it is expedient to lease again for depasturing purposes the whole or any part of the lands held under such license or lease; or whether such lands, either as to the whole or as to any part thereof, as the case may be, are required for sale as rural lands under Part II. of this Act, or for sale and settlement on deferred payments under Part III. of this Act.
If it be determined that such lands, either as to the whole or as to any part thereof, as the case may be, are so required, then the Board shall, at any time not later than twelve months before the expiration of the license or lease, cause a notice of such resolution to be served on the licensee or lessee, or to be left at his last or last-known place of abode, or with some person resident upon the lands comprised in such license or lease.
If it be determined that such lands, either as to the whole or part thereof, as the case may be, shall again be let for depasturing purposes, then a new lease of the whole or of such part, as the case may be, shall, subject to the provisions relating to leases of pastoral lands contained herein, be sold by auction at least twelve months before the expiration of the then existing license or lease.
115. When it shall have been determined as hereinbefore
Licenses on renewal to be put up to auction.
provided, that the whole or portion of any run held under lease shall be again let for depasturing purposes, the Board shall cause such run, or such portion thereof as it may have determined to let, to be exposed to auction at least twelve months before the expiration of the then existing lease, and the sale shall be on the express condition that the purchaser, not being the actual lessee,
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shall, before being let into possession, pay to the Receiver of Land Revenue valuation for the improvements made on the run, such valuation to be fixed and determined as next hereinafter provided; and such auction shall be conducted in all other respects in the same manner as herein provided for auctions of runs.
If present occupant not purchaser, existing improvements to be valued.
116. In the event of the then lessee not having become the purchaser, the Board shall, at least one month before the expiration of any such lease, appoint an appraiser to value all improvements, consisting of necessary buildings, and of plantations, fences, and ditches for draining made on the lands, the license of which has been sold at auction as last aforesaid: Provided the amount of such valuation to be paid as aforesaid shall in no case exceed three times the amount of the average annual rent paid under the expiring lease during the term thereof.
Amount paid therefor to ho handed to late occupant.
117. On the receipt of any sum of money paid on any valuation made as aforesaid, the Receiver of Land Revenue shall, on application being made to him in that behalf, pay over to the person who at the expiration of the old lease was the lessee or transferee and holder of such lease
No claim for improvements to be made against Crown
the amount received for such valuation: Provided always that no lessee shall have any claim for valuation or compensation for or on account of any improvements either against the Crown or the Board.
Within Otago and South-land, leases terminating after 1st July to be extended to following March.
118. All pastoral leases or licenses in the Districts of Otago and Southland, terminating between the first day of July in any year and the month of March in the next succeeding year, shall be held to terminate in the last-named month of March, and the lessee or licensee, whose term of occupation has become extended by virtue of this provision shall be liable for and shall pay in advance a proportionate amount of rent for the period during which his lease or license may be so extended.
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shall, before being let into possession, pay to the Receiver of Land Revenue valuation for the improvements made on the run, such valuation to be fixed and determined as next hereinafter provided; and such auction shall be conducted in all other respects in the same manner as herein provided for auctions of runs.