LEASE FOR 10.000 YEARS.
A • OURIOUB AGREEMENT; : dunediH PROPERTY DEAL,: [BI TELEGRAPH.—OWN' CpBRSSrONDfiiiT. ] ; , : DUNBDIN; Not' many there existed ; ih . New "Zealand or a Pterin of' IQ,OOO 'y&rs> The p»#erfy that this lease relatea to is in-Dunodin and was ; a small>'stfip.'of grovwd' the Bank of New Zealand ahd ,the structure f known ,'W } StokW: .which left vacant so' as back •windows of both premises- ; : The ; afrangem&it suited b-<h : parti?*, und in the year- the Bank of Kew Zealand and the-Naitonal*lnsurance Com- ■ pany executed | what is known as leaso, each party ' giving the;' tlie occupancy for 10,000 jjfeare, so neithc?coujdv- bujld - »nd jjlock ■ tK® light, In *1924, .Ijoweyerv Ba!nl|: ojl New bought Stokes BuUdings'and, the lease,, with other rights, merged into the batik's freehold,* Builders 'were called in to c&rty out alterations wbteh obviated'it}? .lieed for protecting the lighting and the oMand was taken; into the' feaifjt'ft premises, where it provided accommodatJon'fiir an extension of' the banking chamber' tliiit npw. carries a dozen *xtra member? o? the staff. *"■ ■■''' - ' ' ' ' . 8 -i. i .
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https://paperspast.natlib.govt.nz/newspapers/NZH19260821.2.72
Bibliographic details
New Zealand Herald, Volume LXIII, Issue 19412, 21 August 1926, Page 11
Word Count
169LEASE FOR 10.000 YEARS. New Zealand Herald, Volume LXIII, Issue 19412, 21 August 1926, Page 11
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