Closer Settlement (Maryvale Estate) Act 1952 (NSW)

BE it enacted by the Queen's Most Excellent Majesty,	by and with the advice and consent of the Legis­ lative Council and Legislative Assembly of New South Wales in Parliament assembled, and by the authority of the same, as follows:—
1 . This Act may be cited as the "Closer Settlement (Maryvale Estate) Act, 1952."
2. (1) As soon as practicable after the commencement of this Act a Crown grant of the land described in the Schedule to this Act shall be issued to Clarence Raymond Smith of "Maryvale ," Boorowa, for the assurance to him of the said land for an estate in fee simple. The sum of thirteen thousand one hundred and fifty-two pounds twelve shillings and four pence shall be payable by the said Clarence Raymond Smith to the Crown as purchase money for the said land.
Notwithstanding the provisions of the Stamp Duties Act, 1920-1949, no stamp duty shall be payable by the said Clarence Raymond Smith in respect of the issue to him of the said Crown grant.

(2) Such Crown grant shall contain such

reservations and exceptions as are usually inserted by the Crown in Crown grants of land issued for conditional purchases under the Crown Lands Consolidation Act, 1913, as amended by subsequent Acts.

(3) (a) The Crown grant so issued shall contain a condition that the land therein described shall not be sold, transferred or otherwise disposed of inter vivos before the fifteenth day of June, one thousand nine hundred and fifty-six, unless first offered to the Crown as provided in this section.

(b) The offer shall be an offer for sale at a price of thirteen thousand one hundred and fifty-two pounds twelve shillings and four pence plus the value of any improvements on the land effected after the fifteenth day of June, one thousand nine hundred and fifty-one, such value to be as determined by a Closer Settlement Advisory Board or the Land and Valuation Court on appeal. (c)

(c) Any such offer shall be made in writing addressed to the Minister, who may, within a period of sixty days from the receipt thereof, elect to purchase the land, or may at his discretion refuse the offer.

(d) If the Minister by writing under his hand refuses the offer, or if within the period of sixty days from the receipt by him of such offer he does not elect to purchase the land, the restrictions upon sale imposed by the condition applicable by virtue of this subsection shall •cease to apply.

3 . (1) The purchase money payable pursuant to subsection one of section two of this Act shall be set off against the compensation money payable under subsection two of section nine of the War Service Land Settlement and Closer Settlement Validation Act, 1950, in respect of the land described in the Third Par t of the Seventh Schedule to that Act. The balance remaining of such •compensation money shall bear interest at the rate of four per centum per annum from the fifteenth day of June, one thousand nine hundred and fifty-one, to the date of payment thereof, or until the expiration of six months after the commencement of this Act whichever first happens.

(2) The amount payable under subsection one of this section shall be reduced by an amount of four hundred and thirty-five pounds in satisfaction of agistment fees owing to the Minister by the said Clarence Raymond Smith.

(3) The provisions of section fourteen of the War Service Land Settlement and Closer Settlement Validation Act, 1950, shall not apply and shall be deemed never to have applied in respect of the compensation money payable to the owner of the lands described in the Third Par t of the Seventh Schedule to such Act.

SCHEDULE.

Portion Area

Parish County

Number Acres Rood Perches

1670 1 4

Rabnor King

.131 (ex road)

SOIL