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No. 29 (December 1959)
– 44 –
CONVERSION OF FREEHOLD INTERESTS

Interests in Maori land acquired by the Maori Trustee from the Conversion Fund cannot be sold to Europeans but are available for disposal to descendants of Maoris or for Maori purposes (housing or land development) and not otherwise. In practice, the Maori Trustee does not acquire interests unless there is a Maori purchaser already in view, or at the very least there is good prospect of an early sale to a Maori. Preference in sales is given to owners in the block concerned. The Maori Trustee will not sell even to a co-owner, however, if that owner proposes to sell