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1948 NEW ZEALAND

REPORT OF ROYAL COMMISSION APPOINTED TO INQUIRE INTO AND REPORT UPON THE OPERATION OF THE LAW RELATING TO THE ASSESSMENT OF RENTALS UNDER LEASES OF THE WEST COAST SETTLEMENT RESERVES

Laid on the Table of the House of Representatives by Command of His Excellency

Royal Commission to Inquire into and Report upon the Operation of the Law relating to the Assessment of Rentals under Leases of West Coast Settlement Reserves George the Sixth by the Grace of God, of Great Britain, Ireland, and tlie British. Dominions beyond the Seas, King, Defender of the Faith : To Our Trusty and Well-beloved Counsellor Sir Michael Myers, Knight Grand Cross of Our Most Distinguished Order of Saint Michael and Saint George, and to Our Trusty and Well-beloved Hanara Tangiawha Reedy, of Ruatoria, Farmer, and Albert Moeller Samuel, of Auckland, Retired : Greeting. Whereas by the clause numbered 56 in the Schedule to the West Coast Settlement Reserves Act, 1892 (hereinafter referred to as the said Act), it is, amongst other things, provided in respect of the renewal of a lease of land to which the provisions of the said Schedule apply and which is a renewal of a lease of any lands to which the said Act applies (hereinafter referred to as the reserves) that within the prescribed time before the end of the term for which the lease is granted a valuation shall be made by arbitration of the then value of the fee-simple of the lands then included in the lease, and also a valuation of all substantial improvements of a permanent character made by the lessee during the term and then in existence on the land then comprised in the lease : and,