CROWN LANDS ACT 1929 - SECT 182

This legislation has been repealed.

CROWN LANDS ACT 1929 - SECT 182

182—Lands unallotted may be let

        (1)         When any block or blocks remain unallotted for one year after being first offered, as mentioned in section 174, the same may be let on miscellaneous lease at a rental and on terms to be fixed by the board, subject to the approval of the Minister; or if the board so recommends, the land may, with the approval of the Minister, be sold by public auction, a reserve price being fixed by the board, on the following terms, namely: Twenty-five per centum of the purchase-money in cash, and the balance in five yearly instalments, bearing interest at the fixed rate on the amount paid for the land; or, with the like recommendation and approval, the land may be offered for sale under section 174 at a reduced price fixed by the board.

        (2)         Any such land so offered for sale by auction and not sold at auction may, on the recommendation of the board, be sold by private contract at any price not less than the upset price at which the land was last offered for sale by auction and on the other terms and conditions on which it was so offered.