CO129-626-5 Crown Lands 1-1-1950 - 31-8-1951 — Page 77

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of its being so required and a full and fair compensation for the said Land and the Buildings thereon being paid to the said Lessee at

Д Valuation to be fairly and impartially made by the said Director and upon the exercise of such power the term and estate hereby created shall respectively cease determine and be void provided also and it is hereby further agreed and declared that the said Lessee shail on the expiration of the term hereby granted be entitled to a renewed Lease of the demised premises for a further term of SEVENTY FIVE YEARS without payment of any Fine or Premium therefor and at the Rent hereinafter mentioned And that His said Majesty will at the request and cost of the said Lessee grant unto

on the expiration of the

term hereby granted a new Lease of the demised premises for the term of Seventy five years at such Rent as shall be fairly and impartially fixed by the said Director as the fair and reasonable rental value of the ground at the date of such renewal And in all other respects such new Lease shall be granted upon the same terms and under and subject to the same reservations covenants stipulations provisoes and declarations as are contained in this present Lease with the exception of this proviso for renewal which shall not be contained in such new Lease Provided also and it is hereby further agreed and declared

In Witness whereof the Governor

duly authorized by His said Majesty as aforesaid hath executed these Presents and hereunto set the Public Seal of the said Colony in the Name and on behalf of His said Majesty the day and year first above written.

Governor.

Examined and certified to be correct.

Land Officer.

Registered.

Land Officer.

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