This Part shall be read together with and deemed part of the Maori Vested Lands Administration Act 1954 (in this Part referred to as the principal Act).

(1) The lands described in Part 1 of the Schedule are hereby vested for a legal estate in fee simple in the Maori Trustee and shall, subject to the provisions of this Part, be held by the Maori Trustee in trust for the equitable owners thereof and subject to the provisions of the principal Act. On application by the Maori Trustee, the District Land Registrar shall issue to the Maori Trustee 1 or more certificates of title to the said lands.

(2) Any reservation made by the Aotea District Maori Land Council in respect of the land described in Part 2 of the Schedule pursuant to the Order in Council made on 17 May 1905, under section 20 of the Maori Land Claims Adjustment and Laws Amendment Act 1904, and published in the Gazette of the year 1905 at page 1189, is hereby cancelled, and the land shall, subject to the provisions of this Part, be held by the Maori Trustee in trust for the equitable owners thereof under and subject to the principal Act as if no such reservation had been made.

(3) The lands described in Part 3 of the Schedule (being lands purchased by the Maori Trustee) are hereby declared to be subject to the principal Act, and shall, subject to the provisions of this Part, be held by the Maori Trustee in trust for the equitable owners of the land known as Ohotu No 1C 2 Block.

(1) On application made to it by the Maori Trustee, the court shall make an order (in this section referred to as the amalgamation order) amalgamating into one the several equitable titles to the several parcels of land described in Parts 1, 2, 3, and 4 of the Schedule, or, where the whole of any of the several parcels is not vested for a legal estate in fee simple in the Maori Trustee, then so much thereof as is so vested. The amalgamation order shall take effect on a date to be specified by the court, and, on taking effect, the order shall supersede and prevail over all former orders of the court or other instruments constituting the equitable titles to the lands as aforesaid.

(2) The description to be assigned in the amalgamation order to the lands affected by it shall be the Atihau-Whanganui Vested Land (hereinafter in this Part referred to as the Whanganui land).

(3) The court shall set forth in the amalgamation order the relative interests of the owners in the amalgamated title, their relative interests being determined by reference to the relative values of the interests to which the owners were entitled in the several separate parcels affected by the amalgamation order. For the purpose of determining the relative values of the interests aforesaid, the court shall adopt the unimproved values of the several parcels as appearing, on 1 October 1962, in the district valuation rolls in force under the Valuation of Land Act 1951, with such modifications as the Valuer-General may determine as being necessary to give the unimproved values of the several separate parcels a comparable value as on the date aforesaid. No appeal shall lie against any determination of the Valuer-General under this subsection.

(4) The amalgamation order shall not operate in any way to affect the legal estate in the lands to which it relates; and those lands shall, subject to the provisions of this Part, continue to be vested land for the purposes of the principal Act.

(1) The several amounts invested by the Maori Trustee in his Common Fund pursuant to section 55 of the principal Act in respect of the Whanganui land shall, on the date on which the amalgamation order takes effect, be merged into 1 fund to which thereafter shall be added that portion of the rent from the Whanganui land which, in accordance with the said section 55, is not distributed to the owners. There may also be added to that fund, in the Maori Trustee's discretion, any money now held or received hereafter by the Maori Trustee in respect of the Whanganui land otherwise than as rent.

(2) The money so held in the Maori Trustee's Common Fund may, in the Maori Trustee's discretion, be applied—

• (a) for any purpose for which it could be applied under the principal Act; or

• (b) in reduction or satisfaction of any mortgage, charge, or encumbrance to which the freehold of the Whanganui land, or any part thereof, is subject, whether to the Maori Trustee or otherwise; or

• (c) in paying to the equitable owners of any of the several parcels of land affected by the amalgamation order which at the time of the making of the order were leased otherwise than on the unimproved value of the land, the value of the owners' interest in the improvements.

Notwithstanding anything in the Land and Income Tax Act 1954, the Maori Trustee shall not be obliged to furnish any return for the purposes of the assessment of land tax on the Whanganui land, but the Maori Trustee shall pay to the Commissioner of Inland Revenue in each year after 31 March 1967, in satisfaction of the liability for land tax in respect of the land, a sum equal to the total land tax levied and paid in respect of all the lands included in the amalgamation order for the year ended on 31 March 1967, subject to an increase or decrease proportionate to the increase or decrease in the rates of land tax fixed from time to time in the annual taxing Act within the meaning of the Land and Income Tax Act 1954.

Amendment(s) incorporated in the Act(s).

Amendment(s) incorporated in the Act(s).

(1) As soon as practicable after the commencement of this Act, the East Coast Commissioner appointed under Part 4 of the Maori Purposes Act 1931 (in this section referred to as the Commissioner) shall pay to the Maori Education Foundation all sums of money held by him for and on behalf of any named beneficiary which have not been claimed by that beneficiary, and whether the money is held in the Compensation Fund referred to in section 19 of the Maori Purposes Act 1951 or otherwise. The receipt of the Maori Education Foundation shall be a full and complete discharge to the Commissioner to the extent of the money so paid to the Foundation.

(2) The Commissioner shall supply to the Maori Trustee a list containing the names of the several beneficiaries whose money is so paid to the Maori Education Foundation, showing the amount due to each such beneficiary, and the source or principal source from which the money for each beneficiary was derived. The Maori Trustee shall publish the list in the same manner as if were a list of unclaimed money compiled in accordance with subsection (5) of section 30 of the Maori Trustee Act 1953, and the provisions of subsection (15) of that section shall apply to any money disposed of by this section as if it had been disposed of under the said section 30.

(3) Amendment(s) incorporated in the Act(s).