RETARDED LANDS

Nelson Evening Mail, Volume LVI, 23 January 1926, Page 7

RETARDED LANDS

BELIEF l'Ol: OCCDI'IEUS ADVANCES NOT TO EXCEED £750 Regulations under the Deteriorated Lands Act of last session ui\ published in this week's Gazette. A pro. lamalk...i is also issued naming I lie lands m die various districts which are subject i;i the new legislation. The amount, of advance that may he ii, iU le is not t<> exceed ;L?SO. Advances lor the purchase of fencing materials, lime, or manure, or to assisi ocupiers U> defray capital expenditure, ittriy be made, at the Minister's discrc tion, by progress payment corr'spoiiding 'to 75 per cent, of the annum! expended from time to lime by the mortgagor. Advances may b,. made on lift! mortgage for any perio,| not exceeding ten years at 5i per cent per annum interest; or on instalment mortgage at :■■'■ per cent interest, tho moneys adv.,need to be repayable by half-yearly mstal incuts of principal and interesl over a period either of 20 years or 24£ years. 'Pile .Minister may authorise the ('en: niissioners of Crown Lands, or any other officer of the Lands an.l Survey Department, lo mak,. ndyatn cs. The revaluation committees autln :•■ irerl (" be set up will be appointed by the Minister shortly. Applications for relief must be made hemic 30! Ii June. 192 G.