Purchase or otherwise acquire any land or any interest in land, with or without buildings, and whether or not subject to any mortgage, charge, lease, easement, restrictive covenant, or other encumbrance; or

Become the lessee or tenant (whether by taking a lease or tenancy from a person entitled to grant it or by assignment from a lessee or tenant) of any land, with or without buildings, and whether or not subject to any mortgage, charge, easement, restrictive covenant, or other encumbrance; or

Erect, maintain, alter, add to, repair, subdivide, improve, demolish, or rebuild any building on land in respect of which he is sole or part owner or lessee.

Sell, exchange, or otherwise dispose of any real or personal property acquired or in respect of which he has an interest under this section, by any mode of disposition and subject to such conditions as the Maori Trustee thinks fit; or

Grant options to purchase or to take on lease any such land or buildings or any part thereof but no such grant of option shall enure for a period exceeding 6 months from the date of the grant.

Grant leases or tenancies of the whole or part of any land or buildings acquired under this section, and create easements and restrictive covenants thereover, and accept surrenders and partial surrenders of any such leases or tenancies and releases of any such easements and restrictive covenants; or

Use land or buildings of which he is the sole or part owner or lessee or tenant, for the purpose of making suitable provision for the transaction of the business of the Maori Trust Office, or for any other purpose, including that of investment, which, in the opinion of the Maori Trustee, will be conducive to the more effectual administration of this Act; or

Expend such money as may be necessary for the furnishing and equipping of any building acquired under this section.