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SCHEDULES.
FIRST SCHEDULE.
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Section 6
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(1) The percentage shall be a percentage on the amount advanced in respect of each holding and parcel of land comprised in the estate, and shall be calculated according to the number of years’ purchase represented by the advance upon the following scale:—
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Number of years’ purchase represented by the Advance.
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Rate of Percentage.
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(1)
Where the Rent is a Judicial Rent fixed or agreed to since the passing of the Act of 1896, or the Land is untenanted.
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(2)
Where the Rent is a Judicial Rent fixed or agreed to before the passing of the Act of 1896, or a Non-Judicial Rent.
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26 and upwards - - -
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24 and upwards - - -
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Nil
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25 and under 26 - - -
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23 and under 24 - - -
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3
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24 ” 25 - - -
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22 ” 23 - - -
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4
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23 ” 24 - - -
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21 ” 22 - - -
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6
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22 ” 23 - - -
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20 ” 21 - - -
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8
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21 ” 22 - - -
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19 ” 20 - - -
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10
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20 ” 21 - - -
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18” 19 - - -
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12
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19 ” 20 - - -
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17 ” 18 - - -
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14
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18 ” 19 - - -
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16 ” 17 - - -
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16
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Under 18 - - - -
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Under 16 - - - -
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18
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(2) In cases where an estate is purchased by the Estates Commissioners or the Congested Districts Board, and the advance is made in respect of the estate as a whole, the advance shall, for the purpose of the application of the scale, be apportioned between the holdings and parcels of land comprised in the estate in such manner as the Estates Commissioners or the Congested Districts Board, as the case may be, direct.
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(3) In the case of the purchase of a parcel of untenanted land, and in any case where the amount advanced is less than the purchase money, the number of years’ purchase represented by the advance shall be calculated in manner prescribed by the Treasury, regard being had in the case of untenanted land to the fair annual value of the land to the owner.
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