THE Waihi Daily Telegraph WITH WHICH IS INCORPORATED The Waihi Miner TUESDAY, AUGUST 22, 1905

Waihi Daily Telegraph, Volume V, Issue 1410, 22 August 1905, Page 2

THE Waihi Daily Telegraph WITH WHICH IS INCORPORATED The Waihi Miner

TUESDAY, AUGUST 22, 1905

lloro sIiaII the rroßß tho People's Biiflit nunitnin Umwod by inßuonoo mid unkrilwrt liy guiii; flora patriot Truth ho glorious prjoopw liiaw Pledjrod to ItoliKion I/ilwrtv, Mil Law

Wk received by telegraph yesterday the fn lioxt of the Workers' Dwellings Bill, a measure introduced by tho Government to enable workers to soouro homes on tlie leasehold principle (with (ho option of tho freehold) ot easy torm? of payment. Clauses 1 and 2 deal with the short titlo of the Bill and the definition of the terms •'Minister," "lessee" and "worker," Tho Bill proceods as follows 8, Tho Governor may, from tiiuo to i tirno, by Order-in-Council gazetted, set apart for purposes of this Act any Crown - land or any land acquired under" Flie j liind for Settlement Consolidation Aot, 19.00-" Paragraphs ono and two of season 13 of "Tho Lam 1 for Settlement Con- . iolidatien Act, 1900," aro beroby ropealod. I ,4, On any Jaiid ho set apart tho MinisI {er cause to bo orented buildings [ suitable /or workers' dwellings, or may convert any .buildings in.feo worVera' dwellings, and may from time to ,timo alter, enlarge, repair &3d improve buch • dwellings, provided that the cost of orcc- : tion or construotiou sball not in 'he okbo of any worker's dwelling esceecl *BOO, All the costs incurred under this ssction shall be defrayed out of moneys appropriated- by Parliament for that purpose in case of ordinary Oro6n lands, and out r of money to credit of the land for settlements account, in caso of tondtf under "The Land for Con'* igljfotion Act, 1900,"

0, Subject to tho provisions of this Act. every worker's dwelling shall bo disposed of by tho Land Board by way of Inaao for a period of fiftv yours, with right of renewal ns hereinafter appeals. f 6. Eyery application to* a WOtltOtS dwelling shall bo in such form, and shall contain snob particulars, as aro proscribed - by tho regulations, including in every case a fltnteuiont that ho desires, ot docs not desire, to acquico tho freehold of h' 9 , worker's dwelling, and if ho does so desire a fnrthor'sUtemont of tbo uiodo in which di he desires to exercise such right. , h 7, Each applicant shall satisfy the Jj>ma 'Board that lie is (a) a worker as horo<» dofined, and (b) landless (uioaninj; tJinoby ut tlmt at date of his application ho is no*. g either by himself, or jointly with any othor person, the owner in foe simple, or tho t] tenant or occupier under a loasi- for«torrn whereof not less than two voarn are unex- v pirsd of any land in New Zealand exceed- & in« one-quarter of an acre in the enso of urban or suburban land, or exceeding fifty acres in area, or a value of ifiiiOO in the { case of rutal lands. . c With respect to ovory lease under this Act, the following provision slmll apply: . (a) The payment uuder the leasehold shall bo payoble monthly in advance, and shall bo nl the l'ftto of five *er annum on the capital value of tbo worker's dwcll.nglbomg four per ontinn for 1 rent, and ono pet' centum for depreciation), in addition to tho cosS of insuring tho dwelling from lire at full insurable vnlue,provided t hai where tho lesson desires 'o acquire the freehold, and so states in his application, tho rent shall j be suoh rato as is hereinafter mentioned; ( (b) suoh capital value shall be fixed by the • Minister, and shall cover the capital value of tho land, the cost (if any) of its a 'quisj- , tion, tho cost of survey, roading, subdi- i vision aod other works, and operations dono > on tho land (including tho cost of erection j oftho dwelling), theproper proportion of tho value of so much of the land as is absorbed ] by roads or sU'cets, and tbo estimated' i cost of administration; \c) tho leaso ; shall contain a provision that tho lessee I may at any time beforo expiration ot the j timo have a now lease for a finther term of fifty years containing the same cove- ! 1 nants and provisions (at a rent to be fixed i by valuation rnado by three, independent persons, one to bo appointed by the Minis- i tt-r, ono b7 the lisacci end tho third by tho two persons so appointed), (J) The lease shall also contain suoh powers, conditions, and covenants as, subject to tho regulations, tho Minister thinks fit to prescribe, including in every oase a covenant to roside in tho workor's dwelling, and also a covenant to maintain and keep all buildiogs and erections in good order and con--5 dition to the satisfaction of tho Land Board. 9, Every lessee cfa worker's dwelling may acquire tbo freehold in feo simp'o of his dwelling in such ono of tho following modes as ho specifics in his application! Mode (a) by payment in cash of the capital value thereof at any time not less than 25 yoars from tho date of his lease, in which caso tho payments under the lease shall be at the rate of six por centum per annum, on the oapital valuo of tho worker's dwelling (being five per cent for rent, and ono pw cent for dopreciction), in addition to tho cost of insuring the t dwelling from firo at its full insurable value; or (mode b) by paymont of the caphal valuo by monthly' payments extending (at tho option of the lessee) over a period of 32 years or 41 years, in which caso the paymonts undor the leaso shall be at tho rato of 7 per cent, per annum on oapital valuo (being 6'per cont. for rent, and 1 por cent for depreciation), in addition to the cost of insurance as aforesaid; or (mode c) by an inouranco onhisiifeas provided by section hereof. Tho monthly payments under niodo b chall bo in addition to tbo rent reserved by the lease, and shall bo payablo asront; Tho amount of such monthly paymonts shall bo computed as follows(a) If the period is 32 years, then at tho rate of 2 per cent, per annum on the capital vuluo of tho worker's dwolling fixed as aforesaid, or (b) if 42 years, then at tho rato of 1} por cent, per annum. 10, If the lessoß desires to adopt mods C the following provisions shall apply: (a) ho shall insuro his life with the Government Insurance Commissioner for tbo amount oi the capital value of tho worker's dwelling; (b) such insurance shall bo for any term prescribed for modo A or B, at tho end of which ho desires to aequiro tho ■ Ireehold, and shall be at such yurly pre- !' aiium as may bo proscribed by tho Govornmont Insurance Commissioner, so as to produce at the expiration of such term or on his death beforo such expiry tho amount insured, (c) Tho premium so i, proscribed shall bo regularly paid by ttio lessee,' end tho insurance policy shall bo deposited with tho Land Board; (d) on tbo D maturing of the policy moneys shall bo xi paid to the Board. 11, Whenever the full amount of the capital valuo is paid the lease shall (if tho rent and othor payuionts, have bean paid, and the Laud Board is satisfied that tho conditions and covenants cont'iincd in the D lonso havo been duly observed and performed) tho lessee shall bo outitlod' to receive from tho district laud registrar a cerlificato of titlo for his worker's dwell- "" '"R I l| I'2. Thoo.vnorfor tho time being of a ? dwelling shall rosido therein, niul if ho I fails so to do the Ministor may direct that the cert'ficato of titlo shall bo cancelled, and tho district land registrar on recoipt " of suoh direction shall cancel such certificate accordingly, and the worker's dwelling 8 idiall thereupon ro-vest in tho Crown,