Australian Pines and Products Afforestation Contracts Act 1966 (NSW)

AUSTRALIAN PINES AND PRODUCTS AFFORESTATION CONTRACTS ACT.

Elizabeth An Act to make provision for facilitating the realization and development by Australian Pines and Products Limited of certain forestry lands and plantations and the produce thereof; and for purposes connected therewith. [Assented to, 24th November, 1966.]

WHEREAS

Australian Pines and Products Afforestation Contracts Act. 621

HEREAS Australian Pines and Products Limited incor- Elizabeth II porated in New South Wales and having its registered Preamble

office at 247 George Street, Sydney (hereinafter referred to ° as "the Company") acquired certain lands at Port Stephens in

the said State more particularly described as Woodlands No. 1 Plantation being the whole of the land in the Certificates

of Title Vol. 5259 Fol. 142 Vol. 5484 Fol. 78 and Vol. 6659

Fol. 101 for the purpose of making and maintaining planta-

tions of trees thereon intended to be used for commercial purposes AND WHEREAS the Company has from time to

time entered into contracts for the sale of subdivisional allot-

ments of the said lands to various persons in New South Wales

and elsewhere whereby the Company agreed with the various purchasers to plant tend and cultivate trees on the land included in the agreement and in due course to harvest and

realize the same for commercial purposes and divide the proceeds between the Company and the purchaser in the proportions stated in such agreement and to transfer to the purchaser the fee simple in the said land AND WHEREAS

large areas of the said lands have from time to time been planted with trees and are still being improved and maintained pursuant to the said contracts AND WHEREAS in all cases

the whole of the purchase money has been paid by the respective purchasers AND WHEREAS the Company holds

for its own benefit certain areas of the said land AND WHEREAS it has become impracticable to carry out the