Our First Half-Century

Terms and Conditions of Selection on Repurchased Estates

“The Closer Settlement Act of 1906.”

Agricultural Farms

1. An application to select must be made in the prescribed form, in triplicate, and be lodged with the Land Agent for the district in which the land is situated. It must be signed by the applicant, but may be lodged in the District Land Office by his duly constituted attorney, and must be accompanied by a deposit of one-tenth of the purchasing price of the land and one-fifth of the prescribed survey fee.

2. In the case of simultaneous applications for the same land, priority is secured by an applicant, other than a married woman or a single girl under twenty-one years of age, who, when making application, undertakes to reside personally on the land during the first five years of the term of lease. In other cases of simultaneous applications for the same land priority is determined by lot.

3. Land cannot be acquired in the interest of another person, and an applicant is required to declare that he requires the land for his own exclusive benefit, and not as the agent, servant, or trustee of any other person. An alien may, on passing a reading and writing test, acquire a selection; but unless he becomes a naturalised subject of the King within three years thereafter, all his right, title, and interest in the land will become forfeited.

4. The term of the lease of a selection is twenty-five years, dating from the 1st January or 1st July nearest to the date of the Commissioner’s license to occupy the land.

5. No rent will be payable during the second, third, or fourth years of the term. The rent payable during the remainder of the term will be at the rate of £8 2s. 7d. for every £100 of the purchasing price of the land, and will be allocated to principal and interest according to the table appended hereto.

6. Within two years of the issue of a license to occupy, the selector must enclose the land with a good and substantial fence, or make substantial and permanent improvements on it of a value equal to the cost of such a fence, and must within such period make application to the Commissioner for a certificate that he has performed this condition.

7. When the prescribed improvements are made, a lease will be issued to the selector, and the selection may then be mortgaged, or, with the permission of the Minister, may be subdivided or transferred, or, with the approval of the Land Court, may be sublet, except in the case of a selection on which the selector has undertaken to reside personally during the first five years of the term, in which case neither the lease nor the selector’s right, title, or interest thereunder can be mortgaged, except to the trustees of the Agricultural Bank, assigned, or transferred during such period.

8. A selection must be occupied by the residence thereon of the selector in person, or by his duly appointed agent, as the case may require or permit, during the whole term or until the leasehold tenure is determined by freehold.

9. At any time after five years’ occupation the leasehold tenure may be converted into freehold by payment of the unpaid balance of the purchasing price. The amount payable in any year, after payment of the rent for that year, shall be at the rate specified in the last column of the appended table for every £100 of the purchasing price.

Table of the Annual Payments to be made as Instalments of Purchase Money (showing Principal and Interest separately), and the Payment, exclusive of Rent, to be made in any Year after the Fifth to Acquire the Freehold of any Selection under “The Closer Settlement Act of 1906.”

Annual Payment.

Payment to be made
in any Year
after the Fifth
to acquire Freehold.

Principle.

Interest.

Total.

1st year.........
2nd "
3rd "
4th "
5th "
6th "
7th "
8th "
9th "
10th "
11th "
12th "
13th "
14th "
15th "
16th "
17th "
18th "
19th "
20th "
21st "
22nd "
23rd "
24th "
25th "

£	s.	d.
10	0	0
	...
	...
	...
	...
	...
	...
	...
1	18	7
3	14	6
3	18	2
4	2	1
4	6	3
4	10	6
4	15	1
4	19	10
5	4	10
5	10	0
5	15	6
6	1	4
6	7	4
6	13	7
7	0	4
7	7	4
7	14	10

£	s.	d.
	...
	...
	...
	...
8	2	7
8	2	7
8	2	7
8	2	7
6	4	0
4	8	2
4	4	5
4	0	6
3	16	4
3	12	1
3	7	6
3	2	9
2	17	9
2	12	7
2	7	1
2	1	3
1	15	3
1	9	0
1	2	3
0	15	3
0	7	9

£	s.	d.
10	0	0
	...
	...
	...
8	2	7
8	2	7
8	2	7
8	2	7
8	2	7
8	2	7
8	2	7
8	2	7
8	2	7
8	2	7
8	2	7
8	2	7
8	2	7
8	2	7
8	2	7
8	2	7
8	2	7
8	2	7
8	2	7
8	2	7
8	2	7

£	s.	d.
	...
	...
	...
	...
	...
98	4	2
94	19	10
91	12	3
88	1	6
84	7	0
80	8	10
76	6	9
72	0	6
67	10	0
62	14	11
57	15	1
52	10	3
47	0	3
41	4	9
35	3	5
28	16	1
22	2	6
15	2	2
7	14	10

£100 0 0

£80 14 3

£180 14 3