It shall be lawful for the said Trustee, and his successors to be appointed by the Maori Land Court, with the consent of all the beneficial owners, testified as hereinafter mentioned, to lease the said Orakei Maori Reserve, or from time to time any part or parts thereof, upon such terms and conditions as he may see fit: Provided that no lease shall be made for any period exceeding forty-two years.
The consent of the beneficial owners shall be testified by their being parties to and executing leases to be made under this Act, and no such lease shall be valid or of any effect which is not so executed.