The provisions of section eighty-two of the Land for Settlements Act, 1925, with respect to the acquisition of the fee-simple of their holdings by owners of leases in perpetuity of settlement lands (including the limitation of time imposed by subsection two thereof), are hereby extended and applied to the owners of leases in perpetuity of rural lands in the Cheviot Estate.

The provisions of sections eighty-three and eighty-four of the Land for Settlements Act, 1925, with respect to the acquisition of the fee-simple of their holdings by owners of renewable leases of settlement lands, are hereby extended and applied to the owners of renewable leases of rural lands in the Cheviot Estate.

The provisions of sections two hundred and forty-three, two hundred and forty-four, and two hundred and forty-five of the Land Act, 1924, with respect to the acquisition of the fee-simple of their holdings by owners of leases of small grazing-runs, are hereby extended and applied to the owners of leases of grazing - farms in the Cheviot Estate:

Provided that the provisions of this subsection shall not apply with respect to any grazing-farm, unless in the opinion of the Board and of the Minister such grazing-farm is not suitable for subdivision. In determining whether or not any land is suitable for subdivision as aforesaid regard shall be had not only to the suitability for subdivision of the grazing-farm in itself but also to its suitability for subdivision in conjunction with any adjoining land.

All moneys derived from the sale of the fee-simple of any lands purchased hereunder shall be paid into the Cheviot Estate Account.

Section three hundred and twenty-two of the Land Act, 1924, is hereby repealed.

This Part of this Act shall be read together with and deemed part of the Land for Settlements Act, 1925 (in this Part of this Act referred to as the principal Act).

Any two or more persons qualified to acquire land that is subject to the principal Act may make application to the Dominion Land Purchase Board with a view to the acquisition by the Crown on their behalf of any private rural land.

Every such application shall be accompanied by—

If in the opinion of the Dominion Land Purchase Board the land to which the application relates is suitable for acquisition under the principal Act and for subdivision in accordance with this section, it shall cause the matter to be referred to the Land Board for consideration and report.

On receipt of the Land Board’s report the Dominion Land Purchase Board shall forthwith proceed to consider the application and offer, with reference to the settlement of the applicants on the land to which such offer relates, and shall as soon as practicable forward the application and offer to the Minister with such recommendations as it thinks proper.

The Minister may thereupon, if he thinks fit, direct the Dominion Land Purchase Board to negotiate with the owner for the acquisition of the land under the principal Act, at a price to be determined by that Board, not exceeding the price specified in the offer.

Before the acquisition by the Crown of any land under this section is completed, the several applicants shall be required to pay to the Receiver of Land Revenue such amount as the Minister may determine, being not less in any case than five per centum of the estimated price to be paid by the applicant for the subdivision proposed to be allotted to him.

Notwithstanding anything to the contrary in the principal Act, any land acquired under this section may be sold without competition to the several applicants, for cash or on deferred payments, at prices fixed in accordance with the provisions of subsection four of section fifty-four of the principal Act.

The amount deposited by the several applicants in accordance with subsection six hereof shall be dealt with by the Receiver of Land Revenue as follows:—

The provisions of section sixty-eight of the principal Act shall apply with respect to lands sold under this section on deferred payments in the same manner as they apply to lands leased under the principal Act.

Notwithstanding anything contained in subsection two of section one hundred and one of the Land Act, 1924, the interest of any occupier of Crown lands may be sold pursuant to section seventy-nine of the Rating Act, 1925, for non-payment of any rates levied after the thirty-first day of March, nineteen hundred and twenty-nine, to any person qualified to acquire such interest and approved in that behalf by the Land Board of the land district in which the land is situated.