The Short Title of this Act shall be “The Hokitika Greymouth and Okarita Town Lands Act 1867.”

All Crown Grants and licenses to occupy heretofore issued and all Crown Grants to be issued in pursuance of any license to occupy heretofore issued of any lands in the town of Hokitika are hereby declared to be as valid and effectual in all respects as if the lands in respect of which such grants or licenses have been or may be issued had been lawfully sold in accordance with the regulations in force in the Province of Canterbury for the sale and disposal of town lands in the said Province.

The Governor shall cause the buildings or other improvements erected or situated upon any land within the said towns of Hokitika Greymouth and Okarita to be assessed when such land shall be offered for sale and the amount of the valuation shall be added to the upset price of such land and paid to the occupant in the event of any other person becoming the purchaser thereof Provided that such land shall be occupied at the time of the passing of this Act and shall then have upon it buildings or improvements of the value of twenty-five pounds at the least and that the occupant shall either himself have erected or made or caused to be erected or made the buildings or improvements on the land occupied by him or shall be the representative or assign of the person who has erected or made or caused to be erected or made such buildings or improvements.