THE IRONSAND.

Taranaki Herald, Volume LIV, Issue 13357, 22 December 1906, Page 3

THE IRONSAND.

TEE LEASES FJJOM TW^ liAltBOL'B BOAItD.

Mr J. W. Poynton, Public Trustee, wrote to the Harbour Board on Friday, in reference to the lease ol\ the foreshore from the Board to the la to ;Mr A. J. Cadma-n. fie. was not yet (fuile ready to comply with' the conditions specified aa rcK|Uiring fulfil-nx-ent by the 25 1h January next, mA ac therefore now applied for a further extension of one year's time, lie hoiHJd shortly to complete- the format-ion of a company to work both the irousan'l and the ParapaKa ieases, but ' it «ould ta'ko sons© time Lo get matters in order. He also called attention lo t'lw amount al.Vfaily paid' under. i}w lease for rent in !L3u* of royalty which would continue to be paid if the extension. .va-3 granted as askuul. }lv tSamurl stating that he lad -been retained by the solioitor foi" i'he -execu-tor in support ol an, applicatioa to the Hoard for avtraisiotfollho time for making inapro\em<"nk.-3 in the -»'h»:>e of -buildings, plant, etc., ' <and had -been asked to wait upon the Board. He iVm led .out that by the 25th January u-jxl t-ho Board will ha^v olrtuintd no hvs t'haa i.*-457 10/ irom A. J. Cadman anil Sir Barry in aspect oi the grants and lenacs now held by the executor o£ Sir A. J. 'Jadmon, defi-asi'd. 110 proi>os«l to a»k tJie Board to pass the following nio-tion :— That no steps to re-emter or dolerwiine thu leases and other r : ghts held by the Public Trustee as oxncnlor of the will, of the late Sir A. J. Cadman be taken until the 25th day of January, 1908, on the groxmd oi failure to place buildings, plant, and machinery on the land meanwhile, but the Board be entitled in the meanwhile to remove sand for ballast or for experimental purposes." Mr Quilliam, representing the solicitors of the Board, was agreeable Lo the motion being .passed. Me McLean asked if the concessions for tbe'iroasand -intwfered with the probability of oil "boring leases. | Mr Samuel, who waited on the Board, explained that those t\y>o i maJtlerfe wcr# quite separate. He had always had m view the being nb'e to ofTur jmiprr Rtcilftii^ for "either of these industries without' or,' being hampered by the other. The Chairman cspr--ss:d his pleasure in moving the adoption of. the .notion drafted by Mr Samuel. xHi pointerl out that tho present promotors" were the only people tjin Board had ever got nny- money from, and them rt p|H. n rcd to be iv> one c jh» in til* fwW- IT»eP»for e H wns only riijht ,th« Board should encourage thfir efforts. Mr Ward " seconded, and the motion was carried.