Closer Settlement Act 1897 (SA)
No. 688.An Act relating to the Repurchase of Land.
[Asseded to, Decenzbev rrth, 1897.1 E it Enacted by thc Elovernor, with the advice and consent of
B | the Parliament of South Australia, as follows: |
Closer Settlement ,let, 1897." | Short |
Repurchase |
(a) That thc prico to be paid for such land shall not exceed the assessed value of the land for land tax purposes, the value of the improwments on the land to an incoming tenant, and fiftcen per centnm added to such first-mcntioncil value:
( b ) That the repurchase Fe recommcndecl by a Land Board andthe Surveyor-General:
( c ) That the improvements be valued by the Land Board and theSurveyor-General:
(d) The total purchase-money for all such rcpurchascs shall not in
any one financial year, ending the thirtieth day of June, exceed the amount provided for the purpose on the
estimates of | loan expenditure: |
688
( e ) Within
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The Closer Settlemellt Act.-1 897.
( c ) Within thirty days after each repurchase, if Parliament bethen in Session, or if Parliament be not then in Session, then within thirty days after thc commencement of the next Session, thcre shall bc laid before both Houses copies
of all recommendations and valuations pursuant to which
the repurchase has been made, and full particulars of-
I. The locality, area, and quality of the land repur-chased, and of the improvements thcrcon:
11. The names of the vendors and of all personsinterested in thc salc:
111. The price paid and the land tax assessment.
Land repurchased,
3, All land repurchased under this Act shall be dealt with as |
follows :--
(a) The land, except such portions as may be required for dedi- cation or reservation for public purposes or for towns, shall be cut up inta blocks of not exceeding One Thousand Pourids unimproved value:
( b ) The blocks shall be offered as open to be taken up on per-petual lease under the Crown Lands Acts, but subject to
the provisions of this Act.
4, |
The notice in the Government
h z e t t e that the blocks are open to be taken up on perpetual lease shall contain the following par- ticulars, namely, the valuc of the improvc~ncnts on each block, thc rent, the annual instalments of principal and interest to be paid in rcspect of the purchase-money of im proveinents, and such other particulars as thc Commissioner shall think proper.
to the anr>roval of the Commissioner, shall fix the value of each |
value of the improvemeits on each such block.
Not to be less than
the amount paid by the Crown for the repurchase of the land and the cost of offering the land. |
The rent shall be at the rate of not less than Four Pounds per centnm per annum on the value of each block as fixed.
shall purchase the improvements on the block from the Crown at
the price named in the
Gazette notice, and the purchase-money for such improvements, with interest thercon at the rate of not less than Four Pounds per centum per annum, shall be paid, in yearly instal- ments, within twenty-one years, according to the table set out in the Schedule hereto, as may be arranged with the Commissioner.
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The Closer Settlmen t Act.--l 897.
9. Every application for a block of land open for leasing underApplic"OnB*
this Act shall be accompanied by an amount equal to one-quarter of the first year's rent and one-twentieth of the amount payable in respect of the purchase-money of the improvements, and the balance of the first year's rent shall be paid within twenty-eight days after allotment of the land, and in default the amount paid shall be forfeited and the allotment cancelled.
10. In addition to the covenants usual in perpetual leases thereConditions.
shall be inserted in every perpetual lease granted under this
11, Should any of the repurchased la.nd remain unlet for aLanhrenmining
period of two | after being first offered the same may be let on |
rniscellancous lease. |
12. No lease shall be granted under this Act to any personCondition as tovalue
who is already the holder of land of the unimproved value of One Thousand Pounds,
in favor of any lessee or owner of land who would thereby become the holder of land exceeding One Thousand Pounds of unimproved | value. |
In the name and on behalf of Her Majesty, I hereby assent to
this Bill.
T. F. BUXTON, Governor,
boo &61" VICTORlrE, No.688.
The Closer Eiettlemerrt Act.-1897.
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'I'HE SCHEDULE REFERRED TO.
p-
h t e re s t at Four Pouuds per Centumper Annum, fit. Periods extendi?ig from
T w o to Twenty-one Years.
No. | No. |
Amount, | Amount. | Amount. |
Years. | Years. |
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0
0
0