Whereas by a judgment of the Supreme Court at Wanganui dated 12 October 1959 (in this section referred to as the judgment), Clifford Hakariwhi Thompson, of Taumarunui (in this section referred to as the claimant), was awarded the sum of 5,900 pounds and 8 shillings as general damages, together with the sum of 675 pounds and 16 shillings as costs, and interest on both sums from the date of judgment, against the Proprietors of Waimanu 2A Block Incorporated (in this section referred to as the Incorporation):
And whereas the judgment remains largely unsatisfied:
And whereas an agreement for the satisfaction of the judgment has been reached between the parties and incorporated in a deed of compromise and release dated 28 November 1962 (in this section referred to as the deed):
And whereas it is expedient that effect be given to the terms of the settlement:
Be it therefore enacted as follows:
(1) Notwithstanding the provisions of the Maori Affairs Act 1953 or of any other enactment, the deed shall be deemed to have been validly executed on behalf of the Incorporation and shall, without confirmation by the Maori Land Court, confer on the claimant—
(b) a right to a lease from the Incorporation of the land described in subsection (4) (in this section referred to as the land) free from liability to pay rent and conferring on the claimant the right, either for himself or his servants, agents, grantees, or licensees to fell and remove timber and timber trees from the land and to sell the same in satisfaction of the judgment and of the costs incurred by the claimant after the date of the judgment,
in accordance with the provisions of the deed. No such lease shall require confirmation by the Maori Land Court.
(2) If the Incorporation fails on or before 28 February 1963, to pay to the claimant the sum of 1,000 pounds and to execute a lease in accordance with the provisions of the deed, the claimant may file in the Maori Land Court at Wanganui an affidavit deposing to the failure, and the court, if satisfied that the Incorporation has without good cause failed to comply with the provisions of the deed as aforesaid, shall make an order vesting the land in the claimant for an estate in fee simple free from any right, title, estate, or interest of the Incorporation or of the beneficial owners of the land.
(4) The land to which this section relates is all that piece or parcel of land described as Waimanu 2A Block, containing 1 003 acres, more or less, and situated in Blocks I and II, Pihanga Survey District.