A CROWN LANDS.

Hawera & Normanby Star, Volume LXXI, Issue LXII, 8 May 1912, Page 6

A CROWN LANDS.

HOW THEY ARE LEASED.

In the House of Representatives on October 13th, 1911, the following resolution was carried on the motion of Sir W. J. Steward: "That there be laid before this . House a return showing: 1. The total area of lands leased on the lease-in-perpetuity tenure under the General Laud Act. 2. The total area leased on the same tenure under the Land for Settlements Acts. 3. The total valuation of each such «rea at the time of leasing. 4. The total valuation of the same land at the present date, not including tenants' improvements. 5. The total area of lands leased on renewable lease under the Land for Settlements Acts. 6. The total valuation of all such lands at the time of leasing. 7. The total, valuation or the same lands at they present date, not including tenants' improvements. 8. The like particulars with regard to national endowment lands, and D. The like particulars with regard to lands leased under the Cheviot Land Act or any other Act." This information has now been circulated in a Parliamentary Paper, as follows: , LEASE-IN-PERPETUITY AND RENEWABLE LANDS HELD AT 31st MARCH, 1911— .1. The total area of land leased on the lease-in-perpetuity tenure under the Land Act, 1,651,235 acres. 2. Total area of land leased on the lease-in-perpetuity tenure under the Itand for Settlements Acts, 664,678 acres. 3. Capital value of lands leased on ! the lease-in-perpetuity tenure at the j time of leasing (approximate)—under : -the Land Act, £1,519,319; under the jLaad for Settlements Act, £3,873,829. 4. Information »pt obtainable. .5. Total area of land leased on re- j nflppable lease under;the Land for Settlements Act, 266,465 acres. , ! 6. Capital value of lands leased ou renewable, lease under the Land for "SfeUiementeAcis at fee of leasing (approximate)* £1,818,542. - 7. Information not obtaiiiablo. 8. (a) Total area of national endowiaent lands leased on renewable leaso, 292,944 acres; (b) capital value of national endowment lands leased on renewable lease at time of leasing (approximate), £352,102; (c) present-day value not obtainable. 3. (a) Cheviot Estate lands held under lease in perpetuity, 26,868 acres; (b) capital value of Cheviot Estate lands held on lease in perpetuity at time of leasing (approximate), £145,879; (c) present-day value not obtainable. The information respecting presentday values is pot obtainable, but a fair average increase between the original value and the present-day value would be £3 per acre for ordinary Crown lands and the Cheviot Estate, and £1 per acre for land for settlement lands. The above represents the position as at the 31st March, 1911, being the latest date for which figures have been compiled.