Treaty of Peace Regulations (Amendment) (Cth)

STATUTORY RULES.

1930. No. 39.

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REGULATIONS UNDER THE TREATY OF PEACE (GERMANY) ACT 1919-1920.

I, THE GOVERNOR-GENERAL in and over the Commonwealth of Australia, acting with the advice of the Federal Executive Council, hereby make the following Regulations under the Treaty of Peace (Germany) Act 1919-1920, to come into operation forthwith.

Dated this ninthday of April, 1930.

(Sgd.) STONEHAVEN

Governor-General.

By His Excellency’s Command,

for Treasurer.

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Amendment of Treaty of Peace Regulations.

(Statutory Rules 1920, No. 25, as amended to this date.)

1. Regulation 51c of the Treaty of Peace Regulations is amended—

(a) by omitting paragraph (a) of sub-regulation (2) and inserting in its stead the following paragraph:—

“(a) In respect of unplanted land so excluded, a reduction shall be made in accordance with the following provisions:—

(i) The value of the whole of the unplanted land purporting to be sold to the purchaser shall be deemed to be such sum as bears the same relation to the purchase price payable in respect of the whole of the property as the value placed upon such implanted land by the Custodian bears to the value placed by him upon the whole of the property prior to the sale thereof;

(ii) The value of the unplanted land determined in accordance with the last preceding sub-paragraph shall be divided by the total number of hectares of unplanted land purporting to be sold to the purchaser;

(iii) The amount ascertained in pursuance of the last preceding sub-paragraph shall be multiplied by the number of hectares of implanted land excluded from transfer to the purchaser and the amount resulting shall be the amount by which the purchase money shall be reduced; and”; and

(b)by omitting sub-paragraph (ii) of paragraph (b)of sub-regulation (2) and inserting in its stead the following sub-paragraph:—

“(ii) For the purposes of the last preceding sub-paragraph, the value of the unplanted land shall be calculated in accordance with the provisions of paragraph (a) of this sub-regulation.”.

2. Regulation 58 of the Treaty of Peace Regulations is amended by adding at the end thereof the following proviso:—

“Provided that, where the Custodian is satisfied that, by reason of a fall in the market price of copra or other extraordinary circumstances not within the control of a purchaser of a plantation, such purchaser is temporarily unable to make payment of moneys falling due under his contract of sale, the Custodian may defer payment of the whole or any portion of the moneys so due for such period and on such terms as the Minister approves.”.

  

By Authority: H. J. Green, Government Printer, Canberra.