305Power to Governor in Council to make necessary grants to settlers and a grant to the Society

305 Power to Governor in Council to make necessary grants to settlers and a grant to the Society Notwithstanding anything to the contrary in this Act or any other Act or enactment— (a) the Governor in Council may make all such Crown grants of any lands comprised in any development lease and do all such other acts matters and things as may be necessary or expedient in order to comply with the terms and conditions of the lease; and S. 305(b) amended by Nos 8461 s. 51, 25/2023 s. 7(Sch. 1 item 17.26). (b) the Governor in Council may grant to the Society in fee simple an area of land (not exceeding 2025 hectares in all) which has been comprised in a development lease, upon the surrender to His Majesty of the development lease as to the said area and upon payment by the Society of— (i) the unimproved value of the said area as at the date of grant of the development lease less an appropriate part of the moneys paid as rent in respect of the development lease; (ii) a Crown grant fee in accordance with the scale of fees fixed by regulations under this Act; and (iii) the appropriate amount payable to the assurance fund based on the said unimproved value. No. 5585 s. 6.