Whereas by the Auckland University College Reserves Act 1885 and the Auckland University College Reserves Amendment Act 1928 the land described in the schedules of those Acts was vested in the Auckland University College Council upon trust for the Auckland University College, and provision was made in the first-mentioned Act for the land to be leased:
And whereas portions of the land have since been sold under the authority of various Acts, but in certain cases the Council reserved to itself the ownership of coal and minerals:
And whereas the land (including the coal and mineral interests) described in subsection (9) (in this section referred to as the said land) is the balance of the land (including coal and mineral interests) described in the schedules of the aforementioned Acts:
And whereas portions of the said land have been leased for various terms with a right of renewal or a perpetual right of renewal or in perpetuity:
And whereas by virtue of the University of Auckland Act 1961 the aforesaid Council is now the Council of the University of Auckland and the Auckland University College is now the University of Auckland:
And whereas Her Majesty the Queen has agreed to purchase the said land from the Council of the University together with and subject to all existing leases, encumbrances, liens, easements, and profits in consideration of the payment to the University of the sum of 72,000 pounds:
And whereas it is proposed to vest the said land in Her Majesty the Queen as Crown land subject to the Land Act 1948:
And whereas it is desirable and expedient that, on the vesting of the said land in Her Majesty, all leases that carry a right of renewal and have expired before the date of the passing of this Act or expire after that date should be renewed as renewable leases under the Land Act 1948:
And whereas it is desirable and expedient that the lessees of leases in perpetuity or leases with perpetual rights of renewal should be granted the right to acquire the fee simple of the land comprised in their leases or to exchange their present leases for renewable leases under the Land Act 1948:
Be it therefore enacted as follows:
(5) Where—
the lessee under the expired lease or his successors shall be entitled to a renewal lease, and where any such lessee exercises his right of renewal under this subsection, his renewal lease (and all the covenants and conditions thereof) shall be deemed to be operative from the date of expiration of the expired lease, and the provisions of paragraph (b) of subsection (4) shall, with the necessary modifications, apply to every such lease:
provided that the Land Settlement Board shall cause the land comprised in the expired lease to be valued for renewal purposes as at a date 6 months before the date of the expiration by effluxion of time of the expired lease, and the rent determined as a result of the valuation shall be effective from the date of the aforesaid expiration:
provided also that, when any lessee pays the rent prescribed by his renewal lease in respect of the period commencing from the date of the expiration of the expired lease and ending with the date of execution of the renewal lease, he shall be credited with any rent he has paid by virtue of continuing in occupation under the expired lease.
(9) The land and coal and mineral interests to which this section relates are particularly described as follows:
Firstly, all that area of land (including coal and other minerals) in the South Auckland Land District containing 9 403 acres, more or less, being part Allotment 463, Taupiri Parish, situated in Blocks XII and XVI, Rangiriri Survey District, and Blocks IX and XIII, Hapuakohe Survey District; and also all the coal and other minerals contained in all that area of land containing 33 acres and 28 and seventh-tenths of a perch, more or less, being Lots 33, 34, 36, 37, 38, 39, 41, 42, 48, 52, 53, 54, 55, 56, 57, 58, 59, 63, 67, 68, 69, 70, 71, 72, and part Lots 46 and 51 on Deposited Plan numbered 23986; parts Lot 1 on Deposited Plan numbered 29728; Lots 1, 2, 3, 4, and 5 on Deposited Plan numbered 31041; parts Lot 1 on Deposited Plan numbered 32784; Lots 1, 2, and 3 on Deposited Plan numbered S 1608; Lots 1 and 2 on Deposited Plan numbered S 1766; Lot 1 on Deposited Plan numbered S 2406; Lots 1 and 2 on Deposited Plan numbered S 3965; Lots 1 and 2 on Deposited Plan numbered S 4275; and Lots 1 and 2 on Deposited Plan numbered S 7757; all being parts of Allotment 463, Taupiri Parish, situated in Block XVI, Rangiriri Survey District; being the balance of the land comprised and described in certificates of title, Volume 377, folio 240 and Volume 158, folio 41, South Auckland Land Registry.
Secondly, all that area of land (including coal and other minerals) in the South Auckland Land District containing 9 953 acres 2 roods and 22 perches and six-tenths of a perch, more or less, being Allotments 228, 229, and 230 Karamu Parish, and Lots 1, 1A, 2, 4, 5, 6, 7, 8, and 9, and part of Lot 3 on Deposited Plan numbered 19277, being parts of Allotment 174, Karamu Parish, situated in Blocks I, II, III, V, VI, VII, X, and XI, Alexandra Survey District, and being the balance of the land comprised and described in certificate of title, Volume 1068, folio 164, and all certificates of title, Volume 1068, folios 161, 162, 163, 165, 166, 167, 168, 169, and 170, South Auckland Land Registry.
Thirdly, all that area of land (including coal and other minerals) in the North Auckland Land District containing 353 acres 9 perches and five-tenths of a perch, more or less, being part Allotment 7, Ararimu Parish, situated in Blocks XI and XV, Kaipara Survey District, and the northern portion of Allotment 5, Ararimu Parish, situated in Block XV, Kaipara Survey District, and being the balance of the land comprised and described in certificate of title, Volume 56, folio 285, North Auckland Land Registry.