Holt-Sutherland Estate Act 1900 (NSW)

Ho.r-SutHeRLanD

Estate.

——

Preamble.

Act, 1900. Holt-Sutherland Estate.

An Act to reduce and alter the rents and royal- ties payable by the lessees of the Sutherland estate, their successors and assigns, under certain memoranda of lease from Thomas Holt to the Holt-Sutherland Estate Land Company (Limited), to extend the term granted by the said memoranda of lease, and to make certain concessions and give certain powers to the lessees thereunder; and for other purposes mentioned therein. [20th October, 1900.]

7 HEREAS the Honorable Thomas Holt, of Sydney, in the Colony of New South Wales, by certain memoranda of lease, dated respectively the first day of September, one thousand eight hundred and eighty-one, the twenty-eighth day of July, one thousand eight hundred and eighty-four, and the twentieth day of September, one thousand

eight hundred and eighty-seven, leased to the Holt-Sutherland Estate Land Company (Limited) (hereinafter called the old company) certain

" lands (amongst others) therein described, being part of the lands known

as the Sutherland estate, for a term of fifty-six years from the first day of July, one thousand eight hundred and eighty-one, at a yearly rent in respect of the said lands, being part of the said Sutherland estate 'of fhe sum of one thousand pounds for the first year of the said term, the sum of one thousand five hundred pounds for the second year of the said term, the sum of two thousand pounds for the third year of the said term, the yearly sum of three thousand pounds during the twenty-five years next following, and the yearly sum of five thousand pounds during the residue of the said term, subject to the observance and performance ofthe covenants and conditions therein contained: And whereas by the said memoranda df lease it was provided that the lessees should pay 'uring the said term a royalty of sixpence for every ton of screened eoal raised or obtained from the said land, and a royalty of threepence der every ton of screenings of the coal so raised or obtained: And swhereas by the said memoranda of lease it was agreed and declared that it should be lawful for the old company, during the continuance of the said term, by deed, to appoint by way of lease any part of the said lands thereby demised for any term of years exceeding the said term, but not exceeding the residue then unexpired of the term of ninety-nine years, computed from the date of the said memorandum of lease of the first day