Soldier Settlement Act — S-12.8 59
Power of Board to estimate land apart from buildings, and to vary amount as to balance due 59 Notwithstanding anything in this Act the Board is empowered, (a) when estimating the value of any land for any purpose of this Act, to estimate it apart from the value of buildings thereon; (b) for special reasons, in any case appearing, (i) to vary the provisions of sections eighteen and nineteen of this Act so that an amount not exceeding one thousand dollars may be diverted from the amount not exceeding two thousand dollars, mentioned in section eighteen as the balance which may remain unpaid upon a sale of stock and equipment, and may be added to the amount not exceeding one thousand dollars, mentioned in section nineteen as that which may be advanced to provide or for application to permanent improvements, (ii) to vary the provisions of sections sixteen to nineteen inclusively, of this Act, so that live stock and equipment to a value not exceeding three thousand dollars may be sold to a settler, but so that the total amount of balance of price and advances remaining unpaid by the settler as the result of the exercise by the Board of any of its powers under this Act, shall not exceed seven thousand five hundred dollars; Powers of Board (c) in all cases of sales of orchard or fruit lands, to apply the provisions of section eighteen of this Act, with such other provisions thereof as may depend upon or have relation to those of said section, as if for the words “live stock or equipment” or “live stock and equipment acquired under authority of this Act” or words to the same effect in said section or in any of said sections appearing, there were substituted the words “fruit trees, already planted or growing on any land sold by the Board to the settler” and, for any purpose of this Act, to estimate the value of the trees and shrubs already planted or growing on any land being sold by the Board to the settler apart from the value of such land; To vary terms of payments on sales of unimproved lands (d) in all cases of sales of unimproved lands, to vary the terms of payment provided by section sixteen of this Act so that the first annual instalment shall be repayable not later than two years from the date of the sale and shall consist of the accrued interest only; To vary terms of payments on sales of stock and equipment for unimproved lands (e) in all cases of sales of stock and equipment for the operation of unimproved lands, to vary the provisions of section eighteen of this Act so that the terms of payment shall be all cash down, or, at the option of the Board, payment in not more than six equal, consecutive, annual instalments, commencing not later than three years from the date of the sale, with interest at five per centum per annum, on the amortization plan, said interest to begin to accrue two years from the date of the sale; To vary terms of payments on sales of stock and equipment for improved farms (f) in all cases of sales of stock and equipment for the operation of improved farms, to vary the provisions of section eighteen of this Act so that the terms of payment shall be all cash down, or, at the option of the Board, such per centum cash down as the Board may determine, and the balance be repayable in six, or less, equal consecutive, annual instalments commencing upon a date determined upon by the Board, but not later than two years from the date of the sale, with interest at five per centum per annum, on the amortization plan; To determine character of land (g) for any purpose of this Act, to determine what constitutes unimproved or improved land or a farm; To require repayment on sales of seed grain and feed or advances for taxes and insurance (h) in all cases of sales of seed grain and feed or in cases of advances for the payment of taxes and insurance, to require that the settler’s indebtedness to the Board in connection with such sale or advance be repaid within one year from the date of the advance, with interest at the