The Pamphlet Collection of Sir Robert Stout: Volume 56
Special Sales without Competition
Special Sales without Competition.
This is a provision for enabling the public in certain cases to obtain the freehold of water frontage to their properties, which had been previously reserved from sale; to reclaim land beyond high-water mark in continuity of their freeholds; to secure slips of land inconvenient for conditional sale; and to procure the closing and inclusion m their purchased area of unnecessary roads previously excluded therefrom.
In the latter case, if the original purchase be conditional, the payments may be made as for a conditional purchase.
The price for the reclaimed land is based upon one-half the net market value, less cost of reclamation, as appraised by the Board; the prices for the intervening small areas are determined by the Minister or by the Board, but to be not less than the minimum upset price for the class of land if sold by auction; and the water frontage area must also be paid for in like manner. All costs, charges, survey fees, and purchase moneys must be paid within three months after approval of purchase, under penalty of lapsing thereof.