CROWN LEASES
POSTPONEMENT OF RENTS [ Per Press Association. J WELLINGTON, Dec. IS. Thc extension of existing legislation authorising remissions or postponements of rent in cases where these had been granted to any Crown leases £pr a full period of five years Is provided for in the reserves and Other Lands Disposal Bill, introduced to the House of Representatives to-day. The period during which this legislation can be granted expires on June 30 next, and it has been deemed desirable to extend its operation for another year from that date. In view of a continuance of unstable conditions in connection with prices for farm produce, and a consequent difficulty in deteimining farming land values, the existing provision suspending the rc-valuation of rural Crown and settlement lands has been reenacted. Tho suspension period is now extended until July 1, 1935. Tho Bill also suspends until the same date power to re-valtie certain small grazing areas held under renewal leases granted between February 28, 1919 and February 11, 1922.
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Bibliographic details
Wanganui Chronicle, Volume 76, Issue 299, 19 December 1933, Page 7
Word Count
166CROWN LEASES Wanganui Chronicle, Volume 76, Issue 299, 19 December 1933, Page 7
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