THE PLANTING OF WASTE LAND FOR PROFIT. 269 
ment authorised by this Act, he may submit for approval to the trustees of the 
settlement, or to the Court, as the case may require, a scheme for the execution 
of the improvement, showing the proposed expenditure thereon. 
“*(2) Where the capital money to be expended is in the hands of trustees, 
then, after ascheme is approved by them, the trustees may apply that money in 
or towards payment for the whole or part of any work or operation comprised 
in the improvement, on— 
(i.) A certificate of the Land Commissioners certifying that the work or 
operation, or some specified part thereof, has been properly executed, 
and what amount is properly payable by the trustees in respect 
thereof, which certificate shall be conclusive in favour of the trustee as 
an authority and discharge for any payment made by them in pursu- 
ance thereof; or on 
(ii.) A like certificate of a competent engineer or able practical surveyor 
nominated by the trustees and approved by the Commissioners or by 
the Court, which certificate shall be conclusive as aforesaid ; or on 
(iii.) An order of the Court directing or authorising the trustees to so apply a 
specified portion of the capital money... . 
“* Sect. 28.—(1) The tenant for life and each of his successors in title having, 
under the settlement, a limited estate or interest only in the settled land, shall 
during such period, if any, as the Land Commissioners by certificate in any 
case prescribe, maintain and repair, at his own expense, every improvement 
executed under the foregoing provisions of this Act... . 
“*(2) The tenant for life or any of his successors as aforesaid shall not cut 
down or knowingly permit to be cut down, except in proper thinning, any trees 
planted as an improvement under the foregoing provisions of this Act. . . 
** Sect. (38)—(1) Where a tenant for life is impeachable for waste in respect 
of timber, and there is on the settled land timber ripe and fit for cutting, the 
tenant for life, on obtaining the consent of the trustee of the settlement or an 
order of the Court, may cut and sell that timber or any part thereof. 
‘¢(2) Three-fourth parts of the net proceeds of the sale shall be set aside as 
and be capital money arising under this Act, and the other fourth part shall go 
as rents and profits.” 
If a Waste Land Planting Fund were created by enactment (as 
already suggested above), it would surely be a very simple matter 
for the Land Commission to grant advances for planting at 3 per 
cent., upon mortgage of the lands, plus the plantations, and also 
to arrange for the amortisation of the debt and the release of the 
mortgage either (2) by means of annual payments extending over 
the next thirty, thirty-five, forty, forty-five, or fifty years, or else 
(6) by refund of the capital sum and of compound interest at 3 per 
cent. payable on the timber-crops being certified to be of market- 
able age or mature and ripe for felling and selling. Of course, 
