The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1908-04-18

1uST6 nave DGGQ several important
changes made in the new terms I'M
der which leases to Government lands,
with the right of purchase by bona
fide homesteaders, will be granted.
Governor Frear in company with At
torney-General Hemenway Land
Commissioner Pratt and Secretary
Mott-Smith spent a large part of the
morning making changes and addi-
lions to the new lease terms and
others will, in all likelihood, be made
before the final decision is made
One of the most important changes
is in relation to the payment of inter
est. According to the statement made
yesterday and published in the morn
ing paper, five per cent per annum
interest was to be paid by the pur-
chaser on the amount left unpaid.
This has been changed so that for
the first six years no interest will be
asked. At the end of this period, in
case all conditions have been COM
piled with, the lessee may take out
! his patent but, should he wish to
continue on the long payment plan
he must after that time pay interest
on the amount still unpaid at the rate
of six per cent In this way the poor
man will be relieved of the burden
| of interest for the first six years,
which will naturally be the hardest
part of his work on thelandsleased
Another change has been made in
regard to the improvements which
must be made within two years. Ac-
In addition to the five (5) per cent
Ipaid as aforesaid, the purchaser shall
Ipay to the Commissioner five 60 per
cent of the purchase price two (2) years
after the date of sale, and five 60 per
cent of the purchase price at the end
cording to the new idea the lessee
must either have fifteen per cent of
| his land under cultivation at the end
OF the first year. or a house worth
not less than 5000 built. At the end
of two years both these conditions
must be fulfilled. This gives the les
see a choice between the two kinds of
improvement, which will make things
easier for him. The condition is also
put in that the house and cultivated
areas shall be maintained during the
life of the agreement.
| The revised conditions are as fol-
lows:
of each year thereafter until the en-
tire purchase price shall have been
paid; provided, however, that the pur-
chaser may, if all covenants and condi-
lions have been observed and perform
ed up to that time, pay to the Com
missioner on any pay date not less than
any or all instruments then remaining
unpaid;
Unpaid instruments of the purchase
price shall bear interest at the rate Of
six CO. per cent per annum from six
CO. years after the date of sale, payable
annually thereafter by the Purchaser
to the Commissioner on said pay dates
In addition to the above and as par
of the consideration the Purchaser
shall pay all taxes, charges ana assess
ments that may be levied or assessed
on or in respect of said land or any
interest therein;
The Purchaser within one (1) yeal
after the date of sale shall have upoI
said land a dwelling house of the va
lue of not less than two hundred $500
dollars habitable at all times of tn,
year, or shall have under cultivation
not less than fifteen 15) per cent o
the arabic area of said land and with
In two (2) years after the date of sale
shall have such a house upon sale
land and have such area under cultiva
ton an additional fifteen (15) per cen
of the arabic area OF said land, so thai
at the end of six CO. years after the
date of sale, there shall be under cut
tivation not less than seventy-five (75)
per cent of the arabic area of said land;
such house and such cultivated areas
shall be maintained after such respec,