{\rtf1\adeflang1025\ansi\ansicpg1252\uc1\adeff0\deff0\stshfdbch31506\stshfloch31506\stshfhich31506\stshfbi31507\deflang1033\deflangfe1033\themelang5129\themelangfe0\themelangcs0{\fonttbl{\f0\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}{\f1\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202020204}Arial;}
{\f1\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0604020202020204}Arial;}{\f37\fbidi \fswiss\fcharset0\fprq2{\*\panose 020f0502020204030204}Calibri;}{\f38\fbidi \fswiss\fcharset0\fprq2{\*\panose 020b0502040204020203}Segoe UI;}
{\flomajor\f31500\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}{\fdbmajor\f31501\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}
{\fhimajor\f31502\fbidi \fswiss\fcharset0\fprq2{\*\panose 020f0302020204030204}Calibri Light;}{\fbimajor\f31503\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}
{\flominor\f31504\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}{\fdbminor\f31505\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}
{\fhiminor\f31506\fbidi \fswiss\fcharset0\fprq2{\*\panose 020f0502020204030204}Calibri;}{\fbiminor\f31507\fbidi \froman\fcharset0\fprq2{\*\panose 02020603050405020304}Times New Roman;}{\f280\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}
{\f281\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}{\f283\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\f284\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}{\f285\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}
{\f286\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}{\f287\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}{\f288\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}{\f290\fbidi \fswiss\fcharset238\fprq2 Arial CE;}
{\f291\fbidi \fswiss\fcharset204\fprq2 Arial Cyr;}{\f293\fbidi \fswiss\fcharset161\fprq2 Arial Greek;}{\f294\fbidi \fswiss\fcharset162\fprq2 Arial Tur;}{\f295\fbidi \fswiss\fcharset177\fprq2 Arial (Hebrew);}
{\f296\fbidi \fswiss\fcharset178\fprq2 Arial (Arabic);}{\f297\fbidi \fswiss\fcharset186\fprq2 Arial Baltic;}{\f298\fbidi \fswiss\fcharset163\fprq2 Arial (Vietnamese);}{\f290\fbidi \fswiss\fcharset238\fprq2 Arial CE;}
{\f291\fbidi \fswiss\fcharset204\fprq2 Arial Cyr;}{\f293\fbidi \fswiss\fcharset161\fprq2 Arial Greek;}{\f294\fbidi \fswiss\fcharset162\fprq2 Arial Tur;}{\f295\fbidi \fswiss\fcharset177\fprq2 Arial (Hebrew);}
{\f296\fbidi \fswiss\fcharset178\fprq2 Arial (Arabic);}{\f297\fbidi \fswiss\fcharset186\fprq2 Arial Baltic;}{\f298\fbidi \fswiss\fcharset163\fprq2 Arial (Vietnamese);}{\f650\fbidi \fswiss\fcharset238\fprq2 Calibri CE;}
{\f651\fbidi \fswiss\fcharset204\fprq2 Calibri Cyr;}{\f653\fbidi \fswiss\fcharset161\fprq2 Calibri Greek;}{\f654\fbidi \fswiss\fcharset162\fprq2 Calibri Tur;}{\f655\fbidi \fswiss\fcharset177\fprq2 Calibri (Hebrew);}
{\f656\fbidi \fswiss\fcharset178\fprq2 Calibri (Arabic);}{\f657\fbidi \fswiss\fcharset186\fprq2 Calibri Baltic;}{\f658\fbidi \fswiss\fcharset163\fprq2 Calibri (Vietnamese);}{\f660\fbidi \fswiss\fcharset238\fprq2 Segoe UI CE;}
{\f661\fbidi \fswiss\fcharset204\fprq2 Segoe UI Cyr;}{\f663\fbidi \fswiss\fcharset161\fprq2 Segoe UI Greek;}{\f664\fbidi \fswiss\fcharset162\fprq2 Segoe UI Tur;}{\f665\fbidi \fswiss\fcharset177\fprq2 Segoe UI (Hebrew);}
{\f666\fbidi \fswiss\fcharset178\fprq2 Segoe UI (Arabic);}{\f667\fbidi \fswiss\fcharset186\fprq2 Segoe UI Baltic;}{\f668\fbidi \fswiss\fcharset163\fprq2 Segoe UI (Vietnamese);}{\flomajor\f31508\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}
{\flomajor\f31509\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}{\flomajor\f31511\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\flomajor\f31512\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}
{\flomajor\f31513\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}{\flomajor\f31514\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}{\flomajor\f31515\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}
{\flomajor\f31516\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}{\fdbmajor\f31518\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}{\fdbmajor\f31519\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}
{\fdbmajor\f31521\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\fdbmajor\f31522\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}{\fdbmajor\f31523\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}
{\fdbmajor\f31524\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}{\fdbmajor\f31525\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}{\fdbmajor\f31526\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}
{\fhimajor\f31528\fbidi \fswiss\fcharset238\fprq2 Calibri Light CE;}{\fhimajor\f31529\fbidi \fswiss\fcharset204\fprq2 Calibri Light Cyr;}{\fhimajor\f31531\fbidi \fswiss\fcharset161\fprq2 Calibri Light Greek;}
{\fhimajor\f31532\fbidi \fswiss\fcharset162\fprq2 Calibri Light Tur;}{\fhimajor\f31533\fbidi \fswiss\fcharset177\fprq2 Calibri Light (Hebrew);}{\fhimajor\f31534\fbidi \fswiss\fcharset178\fprq2 Calibri Light (Arabic);}
{\fhimajor\f31535\fbidi \fswiss\fcharset186\fprq2 Calibri Light Baltic;}{\fhimajor\f31536\fbidi \fswiss\fcharset163\fprq2 Calibri Light (Vietnamese);}{\fbimajor\f31538\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}
{\fbimajor\f31539\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}{\fbimajor\f31541\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\fbimajor\f31542\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}
{\fbimajor\f31543\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}{\fbimajor\f31544\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}{\fbimajor\f31545\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}
{\fbimajor\f31546\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}{\flominor\f31548\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}{\flominor\f31549\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}
{\flominor\f31551\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\flominor\f31552\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}{\flominor\f31553\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}
{\flominor\f31554\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}{\flominor\f31555\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}{\flominor\f31556\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}
{\fdbminor\f31558\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}{\fdbminor\f31559\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}{\fdbminor\f31561\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}
{\fdbminor\f31562\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}{\fdbminor\f31563\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}{\fdbminor\f31564\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}
{\fdbminor\f31565\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}{\fdbminor\f31566\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}{\fhiminor\f31568\fbidi \fswiss\fcharset238\fprq2 Calibri CE;}
{\fhiminor\f31569\fbidi \fswiss\fcharset204\fprq2 Calibri Cyr;}{\fhiminor\f31571\fbidi \fswiss\fcharset161\fprq2 Calibri Greek;}{\fhiminor\f31572\fbidi \fswiss\fcharset162\fprq2 Calibri Tur;}
{\fhiminor\f31573\fbidi \fswiss\fcharset177\fprq2 Calibri (Hebrew);}{\fhiminor\f31574\fbidi \fswiss\fcharset178\fprq2 Calibri (Arabic);}{\fhiminor\f31575\fbidi \fswiss\fcharset186\fprq2 Calibri Baltic;}
{\fhiminor\f31576\fbidi \fswiss\fcharset163\fprq2 Calibri (Vietnamese);}{\fbiminor\f31578\fbidi \froman\fcharset238\fprq2 Times New Roman CE;}{\fbiminor\f31579\fbidi \froman\fcharset204\fprq2 Times New Roman Cyr;}
{\fbiminor\f31581\fbidi \froman\fcharset161\fprq2 Times New Roman Greek;}{\fbiminor\f31582\fbidi \froman\fcharset162\fprq2 Times New Roman Tur;}{\fbiminor\f31583\fbidi \froman\fcharset177\fprq2 Times New Roman (Hebrew);}
{\fbiminor\f31584\fbidi \froman\fcharset178\fprq2 Times New Roman (Arabic);}{\fbiminor\f31585\fbidi \froman\fcharset186\fprq2 Times New Roman Baltic;}{\fbiminor\f31586\fbidi \froman\fcharset163\fprq2 Times New Roman (Vietnamese);}}
{\colortbl;\red0\green0\blue0;\red0\green0\blue255;\red0\green255\blue255;\red0\green255\blue0;\red255\green0\blue255;\red255\green0\blue0;\red255\green255\blue0;\red255\green255\blue255;\red0\green0\blue128;\red0\green128\blue128;\red0\green128\blue0;
\red128\green0\blue128;\red128\green0\blue0;\red128\green128\blue0;\red128\green128\blue128;\red192\green192\blue192;}{\*\defchp \f31506\fs22\lang5129\langfe1033\langnp5129 }{\*\defpap \ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 }\noqfpromote {\stylesheet{\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang5129\langfe5129\loch\f37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 \snext0 \sqformat \spriority0 \styrsid4086864 Normal;}{\*\cs10 \additive \ssemihidden \sunhideused \spriority1 Default Paragraph Font;}{\*
\ts11\tsrowd\trftsWidthB3\trpaddl108\trpaddr108\trpaddfl3\trpaddft3\trpaddfb3\trpaddfr3\tblind0\tblindtype3\tsvertalt\tsbrdrt\tsbrdrl\tsbrdrb\tsbrdrr\tsbrdrdgl\tsbrdrdgr\tsbrdrh\tsbrdrv \ql \li0\ri0\sa160\sl259\slmult1
\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af31507\afs22\alang1025 \ltrch\fcs0 \f31506\fs22\lang5129\langfe1033\cgrid\langnp5129\langfenp1033 \snext11 \ssemihidden \sunhideused Normal Table;}{
\s15\ql \fi-360\li1440\ri0\sb120\sa120\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin1440\itap0\contextualspace \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs22\lang5129\langfe5129\loch\f1\hich\af1\dbch\af37\cgrid\langnp5129\langfenp5129 \sbasedon16 \snext15 \slink18 \sqformat \spriority34 \styrsid4086864 List Paragraph,Para;}{
\s16\ql \fi-360\li1440\ri0\sb240\sa240\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin1440\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs22\lang5129\langfe5129\loch\f1\hich\af1\dbch\af37\cgrid\langnp5129\langfenp5129 
\sbasedon0 \snext16 \slink17 \sqformat \spriority0 \styrsid4086864 Paragraph;}{\*\cs17 \additive \rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \fs24\lang0\langfe5129\loch\f1\hich\af1\dbch\af37\langfenp5129 \sbasedon10 \slink16 \slocked \spriority0 \styrsid4086864 
Paragraph Char1;}{\*\cs18 \additive \rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \fs24\lang0\langfe5129\loch\f1\hich\af1\dbch\af37\langfenp5129 \sbasedon17 \slink15 \slocked \spriority34 \styrsid4086864 List Paragraph Char,Para Char;}{
\s19\ql \fi-1418\li1418\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1418\itap0 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 \sbasedon0 \snext19 \spriority0 \styrsid4086864 
Appearances1;}{\s20\ql \fi-2552\li3970\ri0\widctlpar\tx3969\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin3970\itap0 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 
\sbasedon0 \snext20 \spriority0 \styrsid4086864 Matter1;}{\s21\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 
\fs20\lang5129\langfe5129\loch\f37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 \sbasedon0 \snext21 \slink22 \ssemihidden \sunhideused \spriority0 \styrsid4990715 footnote text;}{\*\cs22 \additive \rtlch\fcs1 \af0\afs20 \ltrch\fcs0 
\fs20\lang0\langfe5129\loch\f37\hich\af37\dbch\af37\langfenp5129 \sbasedon10 \slink21 \slocked \ssemihidden \spriority0 \styrsid4990715 Footnote Text Char;}{\*\cs23 \additive \rtlch\fcs1 \af0 \ltrch\fcs0 \super 
\sbasedon10 \ssemihidden \sunhideused \spriority0 \styrsid4990715 footnote reference;}{\s24\qj \li0\ri0\sb360\sl360\slmult1\widctlpar\jclisttab\tx360\tx709\wrapdefault\aspalpha\aspnum\faauto\ls2\adjustright\rin0\lin0\itap0 \rtlch\fcs1 
\af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 \sbasedon0 \snext24 \spriority0 \styrsid7885753 Number;}{\s25\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 
\af38\afs18\alang1025 \ltrch\fcs0 \fs18\lang5129\langfe5129\loch\f38\hich\af38\dbch\af37\cgrid\langnp5129\langfenp5129 \sbasedon0 \snext25 \slink26 \ssemihidden \sunhideused \styrsid6489553 Balloon Text;}{\*\cs26 \additive \rtlch\fcs1 \af38\afs18 
\ltrch\fcs0 \fs18\lang0\langfe5129\loch\f38\hich\af38\dbch\af37\langfenp5129 \sbasedon10 \slink25 \slocked \ssemihidden \styrsid6489553 Balloon Text Char;}}{\*\listtable{\list\listtemplateid1754163330\listhybrid{\listlevel\levelnfc0\levelnfcn0\leveljc0
\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid-1555375168\'03[\'00];}{\levelnumbers\'02;}\rtlch\fcs1 \af0 \ltrch\fcs0 \b0\i0\fbias0 \s16\fi-360\li1440\lin1440 }{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0
\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid336134167\'02\'01);}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-360\li2160\lin2160 }{\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0
\levelstartat1\levelspace0\levelindent0{\leveltext\leveltemplateid336134171\'02\'02.;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fi-180\li2880\lin2880 }{\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0
\levelindent0{\leveltext\leveltemplateid336134159\'02\'03.;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fi-360\li3600\lin3600 }{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\lvltentative\levelspace0\levelindent0
{\leveltext\leveltemplateid336134169\'02\'04.;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fi-360\li4320\lin4320 }{\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0\levelstartat1\lvltentative\levelspace0\levelindent0{\leveltext
\leveltemplateid336134171\'02\'05.;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fi-180\li5040\lin5040 }{\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0\levelfollow0\levelstartat1\lvltentative\levelspace0\levelindent0{\leveltext
\leveltemplateid336134159\'02\'06.;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fi-360\li5760\lin5760 }{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\lvltentative\levelspace0\levelindent0{\leveltext
\leveltemplateid336134169\'02\'07.;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fi-360\li6480\lin6480 }{\listlevel\levelnfc2\levelnfcn2\leveljc2\leveljcn2\levelfollow0\levelstartat1\lvltentative\levelspace0\levelindent0{\leveltext
\leveltemplateid336134171\'02\'08.;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fi-180\li7200\lin7200 }{\listname ;}\listid1325939159}{\list\listtemplateid-595702098{\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0\levelfollow0\levelstartat8
\levelspace0\levelindent0{\leveltext\'03[\'00];}{\levelnumbers\'02;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \s24\fi0\li0\jclisttab\tx360\lin0 }{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext
\'02\'01);}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-708\li1417\jclisttab\tx1417\lin1417 }{\listlevel\levelnfc2\levelnfcn2\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'02\'02);}{\levelnumbers\'01;}
\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-709\li2126\jclisttab\tx2126\lin2126 }{\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'03(\'03);}{\levelnumbers\'02;}\rtlch\fcs1 \af0 \ltrch\fcs0 
\fbias0 \fi-363\li1440\jclisttab\tx1440\lin1440 }{\listlevel\levelnfc4\levelnfcn4\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'03(\'04);}{\levelnumbers\'02;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-357\li1797
\jclisttab\tx1797\lin1797 }{\listlevel\levelnfc2\levelnfcn2\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'03(\'05);}{\levelnumbers\'02;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-363\li2160\jclisttab\tx2160\lin2160 }
{\listlevel\levelnfc0\levelnfcn0\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'02\'06.;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-357\li2517\jclisttab\tx2517\lin2517 }{\listlevel\levelnfc4\levelnfcn4
\leveljc0\leveljcn0\levelfollow0\levelstartat1\levelspace0\levelindent0{\leveltext\'02\'07.;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-363\li2880\jclisttab\tx2880\lin2880 }{\listlevel\levelnfc2\levelnfcn2\leveljc0\leveljcn0\levelfollow0
\levelstartat1\levelspace0\levelindent0{\leveltext\'02\'08.;}{\levelnumbers\'01;}\rtlch\fcs1 \af0 \ltrch\fcs0 \fbias0 \fi-357\li3237\jclisttab\tx3237\lin3237 }{\listname ;}\listid1570731623}}{\*\listoverridetable{\listoverride\listid1325939159
\listoverridecount0\ls1}{\listoverride\listid1570731623\listoverridecount0\ls2}{\listoverride\listid1325939159\listoverridecount0\ls3}{\listoverride\listid1325939159\listoverridecount0\ls4}{\listoverride\listid1325939159\listoverridecount0\ls5}}
{\*\rsidtbl \rsid24480\rsid27533\rsid29569\rsid80698\rsid219075\rsid291327\rsid462099\rsid487292\rsid553079\rsid602691\rsid687473\rsid742864\rsid751314\rsid796782\rsid802798\rsid984723\rsid1248360\rsid1262321\rsid1394398\rsid2166138\rsid2584570
\rsid2782469\rsid2833940\rsid2843932\rsid2967169\rsid3695246\rsid3824405\rsid3932791\rsid3937098\rsid4070758\rsid4086864\rsid4090591\rsid4129016\rsid4340407\rsid4489195\rsid4602650\rsid4877246\rsid4935121\rsid4990715\rsid4998843\rsid5046326\rsid5062104
\rsid5063268\rsid5113567\rsid5328018\rsid5600290\rsid5665532\rsid5836313\rsid5968977\rsid6048010\rsid6178131\rsid6489553\rsid7107221\rsid7162846\rsid7354688\rsid7363624\rsid7501338\rsid7608499\rsid7885753\rsid8531148\rsid8796343\rsid8982589\rsid9176563
\rsid9256303\rsid9712440\rsid9852832\rsid10163181\rsid10291591\rsid10497609\rsid10692282\rsid10750380\rsid10956828\rsid10968514\rsid11101092\rsid11284865\rsid11346132\rsid11493076\rsid11552991\rsid11681739\rsid11734068\rsid11824281\rsid11877696
\rsid11892368\rsid11993961\rsid12086343\rsid12207656\rsid12255532\rsid12273503\rsid12473590\rsid12527616\rsid12549268\rsid12585775\rsid12609367\rsid12677967\rsid12745174\rsid12923520\rsid12988196\rsid13183844\rsid13308969\rsid13462676\rsid13501664
\rsid13518155\rsid13719715\rsid13789559\rsid13833725\rsid14642022\rsid15021580\rsid15204453\rsid15226085\rsid15543479\rsid15734876\rsid15754074\rsid15795542\rsid15928021\rsid15992979\rsid15994990\rsid16153249\rsid16153331\rsid16282600\rsid16392223
\rsid16672939}{\mmathPr\mmathFont34\mbrkBin0\mbrkBinSub0\msmallFrac0\mdispDef1\mlMargin0\mrMargin0\mdefJc1\mwrapIndent1440\mintLim0\mnaryLim1}{\info{\author Simpson, Tessa}{\operator Liliviwa Baleimatuku}{\creatim\yr2019\mo5\dy14\hr14\min2}
{\revtim\yr2019\mo5\dy14\hr14\min2}{\printim\yr2019\mo1\dy23\hr8\min41}{\version2}{\edmins0}{\nofpages9}{\nofwords2662}{\nofchars15174}{\nofcharsws17801}{\vern57433}}{\*\userprops {\propname _NewReviewCycle}\proptype30{\staticval }}{\*\xmlnstbl {\xmlns1 h
ttp://schemas.microsoft.com/office/word/2003/wordml}}\paperw11906\paperh16838\margl1440\margr1440\margt1440\margb1440\gutter0\ltrsect 
\widowctrl\ftnbj\aenddoc\trackmoves0\trackformatting1\donotembedsysfont1\relyonvml0\donotembedlingdata0\grfdocevents0\validatexml1\showplaceholdtext0\ignoremixedcontent0\saveinvalidxml0\showxmlerrors1\noxlattoyen
\expshrtn\noultrlspc\dntblnsbdb\nospaceforul\formshade\horzdoc\dgmargin\dghspace180\dgvspace180\dghorigin1440\dgvorigin1440\dghshow1\dgvshow1
\jexpand\viewkind1\viewscale100\pgbrdrhead\pgbrdrfoot\splytwnine\ftnlytwnine\htmautsp\nolnhtadjtbl\useltbaln\alntblind\lytcalctblwd\lyttblrtgr\lnbrkrule\nobrkwrptbl\snaptogridincell\allowfieldendsel\wrppunct
\asianbrkrule\rsidroot4086864\newtblstyruls\nogrowautofit\usenormstyforlist\noindnmbrts\felnbrelev\nocxsptable\indrlsweleven\noafcnsttbl\afelev\utinl\hwelev\spltpgpar\notcvasp\notbrkcnstfrctbl\notvatxbx\krnprsnet\cachedcolbal \nouicompat \fet0
{\*\wgrffmtfilter 2450}\nofeaturethrottle1\ilfomacatclnup0{\*\ftnsep \ltrpar \pard\plain \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4990715 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15021580 \chftnsep 
\par }}{\*\ftnsepc \ltrpar \pard\plain \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4990715 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15021580 \chftnsepc 
\par }}{\*\aftnsep \ltrpar \pard\plain \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4990715 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15021580 \chftnsep 
\par }}{\*\aftnsepc \ltrpar \pard\plain \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4990715 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid15021580 \chftnsepc 
\par }}\ltrpar \sectd \ltrsect\linex0\headery708\footery708\colsx708\endnhere\sectlinegrid360\sectdefaultcl\sftnbj {\*\pnseclvl1\pnucrm\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl2\pnucltr\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl3
\pndec\pnstart1\pnindent720\pnhang {\pntxta .}}{\*\pnseclvl4\pnlcltr\pnstart1\pnindent720\pnhang {\pntxta )}}{\*\pnseclvl5\pndec\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl6\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}
{\*\pnseclvl7\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl8\pnlcltr\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}{\*\pnseclvl9\pnlcrm\pnstart1\pnindent720\pnhang {\pntxtb (}{\pntxta )}}\pard\plain \ltrpar
\qj \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4086864 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \b\f0\insrsid4086864\charrsid3036406 \hich\af0\dbch\af37\loch\f0 IN THE HIGH COURT OF THE COOK ISLANDS 
\par \hich\af0\dbch\af37\loch\f0 HELD AT RAROTONGA
\par \hich\af0\dbch\af37\loch\f0 (LAND DIVISION)\tab \tab \tab \tab 
\par }\pard \ltrpar\ql \li0\ri0\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4086864 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid4086864\charrsid3036406 
\par }\pard \ltrpar\qr \li5040\ri0\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin5040\itap0\pararsid4086864 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid4086864 \hich\af0\dbch\af37\loch\f0 APPLICATION NO:  264/12}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\f0\insrsid4086864\charrsid3036406 
\par }\pard \ltrpar\qj \fi-2160\li5040\ri0\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin5040\itap0\pararsid4086864 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid4086864\charrsid3036406 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid4086864\charrsid3036406 \hich\af0\dbch\af37\loch\f0 IN THE MATTER\tab of Section }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid4086864 \hich\af0\dbch\af37\loch\f0 409B}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\insrsid4086864\charrsid3036406 \hich\af0\dbch\af37\loch\f0  of the Cook Islands Act 1915}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid4086864 \hich\af0\dbch\af37\loch\f0  (as inserted by Section 2 of the Cook Islands Amendment Act 1978-79)}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\f0\insrsid4086864\charrsid3036406 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid4086864\charrsid3036406 \hich\af0\dbch\af37\loch\f0 AND
\par \hich\af0\dbch\af37\loch\f0 IN THE MATTER\tab \hich\af0\dbch\af37\loch\f0 of the land known as }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid4086864 \hich\af0\dbch\af37\loch\f0 C}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid4086864\charrsid3036406 
\hich\af0\dbch\af37\loch\f0 E}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid4086864 \hich\af0\dbch\af37\loch\f0 METERY RESERVE 206A1, AVARUA}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid4086864\charrsid3036406 \hich\af0\dbch\af37\loch\f0  
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid4086864\charrsid3036406 
\par \hich\af0\dbch\af37\loch\f0 AND 
\par \hich\af0\dbch\af37\loch\f0 IN THE MATTER\tab of an }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid4086864 \hich\af0\dbch\af37\loch\f0 application to Determine Market }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid4086864\charrsid4086864 
\hich\af0\dbch\af37\loch\f0 Rental by }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid4086864\charrsid4086864 
\par 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid4086864\charrsid4086864 \hich\af0\dbch\af37\loch\f0 BETWEEN\tab }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid4086864\charrsid4086864 \hich\af0\dbch\af37\loch\f0 REI TUAINEKORE JACK ENOKA
\par }\pard \ltrpar\qj \fi720\li7200\ri0\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin7200\itap0\pararsid4086864 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid4086864\charrsid4086864 \hich\af0\dbch\af37\loch\f0 Applicant
\par }\pard \ltrpar\qj \li0\ri0\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4086864 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid4086864\charrsid4086864 
\par }\pard \ltrpar\qj \fi-2160\li5040\ri0\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin5040\itap0\pararsid4086864 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid4086864\charrsid4086864 \hich\af0\dbch\af37\loch\f0 AND\tab }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid4086864\charrsid4086864 \hich\af0\dbch\af37\loch\f0 AQUARIUS PACIFIC HOTELS (RAROTONGA) LTD }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid4086864\charrsid4086864 \hich\af0\dbch\af37\loch\f0 as Sub-Lessee
\par }\pard \ltrpar\qr \fi-2160\li5040\ri0\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin5040\itap0\pararsid4086864 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid4086864\charrsid4086864 \hich\af0\dbch\af37\loch\f0 Respondent

\par }\pard \ltrpar\qr \li5040\ri0\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin5040\itap0\pararsid4086864 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid4086864\charrsid3036406 
\par }\pard\plain \ltrpar\s19\ql \fi-1560\li1560\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1560\itap0\pararsid4086864 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 
\af0\afs24 \ltrch\fcs0 \insrsid4086864\charrsid3036406 
\par Hearing date:\tab }{\rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \insrsid4086864 4 and 5 October 2012}{\rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \insrsid4086864\charrsid3036406 
\par \tab (Heard at Rarotonga)
\par }\pard\plain \ltrpar\s20\ql \fi-1560\li1560\ri0\widctlpar\tx3969\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1560\itap0\pararsid4086864 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 {
\rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \insrsid4086864\charrsid3036406 
\par }\pard\plain \ltrpar\s19\ql \fi-1560\li1560\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1560\itap0\pararsid4086864 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs24\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 
\af0\afs24 \ltrch\fcs0 \insrsid4086864\charrsid3036406 Appearances:\tab Mr }{\rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \insrsid4086864 T Moore for the Applicant
\par }{\rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \insrsid24480 \tab Mr Short for the Respondent}{\rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \insrsid24480\charrsid3036406 
\par }\pard \ltrpar\s19\ql \fi-1418\li1418\ri0\widctlpar\tx2098\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1418\itap0\pararsid4086864 {\rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \insrsid4086864\charrsid3036406 
\par }\pard \ltrpar\s19\ql \fi-1560\li1560\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1560\itap0\pararsid4086864 {\rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \insrsid4086864\charrsid8982589 Decision:\tab }{\rtlch\fcs1 \af0\afs24 \ltrch\fcs0 
\insrsid12473590 23}{\rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \insrsid8982589\charrsid8982589  January 2019}{\rtlch\fcs1 \af0\afs24 \ltrch\fcs0 \insrsid4086864\charrsid8982589 
\par }\pard\plain \ltrpar\ql \li0\ri0\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4086864 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\fs22\insrsid4086864\charrsid3036406 
\par }\pard\plain \ltrpar\s16\qc \li0\ri0\sb360\sl360\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4086864 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs22\lang5129\langfe5129\loch\af1\hich\af1\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \lang1024\langfe1024\noproof\insrsid12585775 
{\shp{\*\shpinst\shpleft-15\shptop152\shpright8508\shpbottom153\shpfhdr0\shpbxcolumn\shpbxignore\shpbypara\shpbyignore\shpwr3\shpwrk0\shpfblwtxt0\shpz0\shplid1027{\sp{\sn shapeType}{\sv 32}}{\sp{\sn fFlipH}{\sv 1}}{\sp{\sn fFlipV}{\sv 0}}
{\sp{\sn fLockRotation}{\sv 0}}{\sp{\sn fLockAspectRatio}{\sv 0}}{\sp{\sn fLockPosition}{\sv 0}}{\sp{\sn fLockAgainstSelect}{\sv 0}}{\sp{\sn fLockVerticies}{\sv 0}}{\sp{\sn fLockAdjustHandles}{\sv 0}}
{\sp{\sn fLockAgainstGrouping}{\sv 0}}{\sp{\sn fFilled}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fLine}{\sv 1}}{\sp{\sn fLockShapeType}{\sv 1}}{\sp{\sn wzName}{\sv AutoShape 4}}{\sp{\sn metroBlob}{\sv {\*\svb 
504b030414000600080000002100b6833892fe000000e1010000130000005b436f6e74656e745f54797065735d2e786d6c9491414ec3301045f748dcc1f216254ebb400825e982b44b40a81c60644f128b646c794c686f8f93b61b449158da33ffbf27bbdc1cc6414c18d83aaae42a2fa440d2ce58ea2af9bedf650f527004
323038c24a1e91e5a6bebd29f7478f2c529ab8927d8cfe5129d63d8ec0b9f34869d2ba30424cc7d0290ffa033a54eba2b857da51448a599c3b645d36d8c2e710c5f690ae4f26010796e2e9b438b32a09de0f56434ca66a22f383929d09794a2e3bdc5bcf774943aa5f09f3e43ae09c7b494f13ac41f10a213ec398349409ac
70ed1aa7f3bf3b66c99133d7b65663de04de2ea98bd3b56ee3be28e0f4dff226c5de70bab4abe583ea6f000000ffff0300504b03041400060008000000210038fd21ffd6000000940100000b0000005f72656c732f2e72656c73a490c16ac3300c86ef83bd83d17d719ac318a34e2fa3d06be91ec0d88a631a5b4632d9faf6
3383c1327adb51bfd0f7897f7ff84c8b5a91255236b0eb7a50981df9988381f7cbf1e90594549bbd5d28a3811b0a1cc6c787fd19175bdb91ccb1886a942c06e65acbabd6e2664c563a2a98db66224eb6b691832ed65d6d403df4fdb3e6df0c18374c75f206f8e40750975b69e63fec141d93d0543b4749d33445778faa3d7d
e433ae8d62396035e059be43c6b56bcf81beefddfdd31bd89639ba23db846fe4b67e1ca8653f7abde972fc020000ffff0300504b030414000600080000002100fe63d08926020000470400000e0000006472732f65326f446f632e786d6cac53c18edb2010bd57ea3f20ee89edac9326569cd5ca4edac3761b69b71f4000c7
a81810903851d57fef80b3e9a6bd54557dc003ccbc7933f358de9f3a898edc3aa15589b3718a11575433a1f625fefab219cd31729e2846a456bcc467eef0fdeafdbb656f0a3ed1ad968c5b0420ca15bd2971ebbd2992c4d19677c48db5e10a2e1b6d3be2616bf709b3a407f44e2693349d25bdb6cc584db973705a0f977815
f19b8653ffa5691cf7489618b8f9b8dab8eec29aac96a4d85b625a412f34c83fb0e8885090f40a55134fd0c18a3fa03a41ad76baf163aabb44378da03cd600d564e96fd53cb7c4f0580b34c7996b9bdcff83a54fc7ad45829538c748910e46f470f03a664679684f6f5c015e95dada50203da967f3a8e9378794ae5aa2f63c
3abf9c0dc4662122b909091b6720c9aeffac19f810c08fbd3a35b6438d14e653080ce0d00f748ac3395f87c34f1e51389ce6d9244ba71851b89bdd4d6326520490106aacf31fb9ee50304aecbc2562dffa4a2b0522d07648408e8fce078abf0242b0d21b2165d48254a82ff1623a9946464e4bc1c265707376bfaba4454712
d414bf0b8b1b37ab0f8a45b09613b6bed89e0839d8905caa8007a5019d8b35c8e5fb225dace7eb793eca27b3f5284feb7af4b0a9f2d16c937d98d6777555d5d98f402dcb8b5630c65560f72add2cff3b695c1ed120baab78af6d486ed163bf80eceb3f928e530e831d24b2d3ecbcb5afd307b546e7cbcb0acfe1ed1eecb7ef
7ff5130000ffff0300504b0304140006000800000021000163c7e6dd000000080100000f0000006472732f646f776e7265762e786d6c4c8fc14ec3301044ef48fd076b2b716b9d1652a210a7aa90401c50a416b8bbf19284c6eb10bb49faf76c4f70dc99d1ec9b6c3bd9560cd8fbc69182d5320281543ad350a5e0e3fd7991
80f04193d1ad235470410fdb7c7693e9d4b891f6381c4225b8847caa15d42174a994beacd16abf741d127b5faeb73af0d957d2f47ae472dbca75146da4d50df1875a77f85463793a9cad821f7ab87cdecb21f92e8ab079797dab088b51a9dbf9b47b0411700a7f61b8e2333ae4cc747467325eb40a16ab9893acc76b10ec27
71c4538e57e10e649ec9ff03f25f000000ffff0300504b01022d0014000600080000002100b6833892fe000000e10100001300000000000000000000000000000000005b436f6e74656e745f54797065735d2e786d6c504b01022d001400060008000000210038fd21ffd6000000940100000b000000000000000000000000
002f0100005f72656c732f2e72656c73504b01022d0014000600080000002100fe63d08926020000470400000e000000000000000000000000002e0200006472732f65326f446f632e786d6c504b01022d00140006000800000021000163c7e6dd000000080100000f00000000000000000000000000800400006472732f64
6f776e7265762e786d6c504b05060000000004000400f30000008a0500000000}}}{\sp{\sn dhgt}{\sv 251659264}}{\sp{\sn fLayoutInCell}{\sv 1}}{\sp{\sn fAllowOverlap}{\sv 1}}
{\sp{\sn fBehindDocument}{\sv 0}}{\sp{\sn fHidden}{\sv 0}}{\sp{\sn fLayoutInCell}{\sv 1}}}{\shprslt{\*\do\dobxcolumn\dobypara\dodhgt8192\dppolyline\dppolycount2\dpptx8523\dppty0\dpptx0\dppty1\dpx-15\dpy152\dpxsize8523\dpysize1
\dpfillfgcr255\dpfillfgcg255\dpfillfgcb255\dpfillbgcr255\dpfillbgcg255\dpfillbgcb255\dpfillpat0\dplinew15\dplinecor0\dplinecog0\dplinecob0}}}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\fs24\insrsid4086864 \hich\af0\dbch\af37\loch\f0  JUDGMENT OF J}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \b\f0\fs24\insrsid4086864\charrsid3036406 \hich\af0\dbch\af37\loch\f0 USTICE P J SAVAGE
\par }\pard\plain \ltrpar\s15\qj \li0\ri0\sb600\sl360\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid4086864 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs22\lang5129\langfe5129\loch\af1\hich\af1\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \lang1024\langfe1024\noproof\insrsid12585775 
{\shp{\*\shpinst\shpleft-15\shptop70\shpright8508\shpbottom70\shpfhdr0\shpbxcolumn\shpbxignore\shpbypara\shpbyignore\shpwr3\shpwrk0\shpfblwtxt0\shpz1\shplid1026{\sp{\sn shapeType}{\sv 32}}{\sp{\sn fFlipH}{\sv 0}}{\sp{\sn fFlipV}{\sv 0}}
{\sp{\sn fLockRotation}{\sv 0}}{\sp{\sn fLockAspectRatio}{\sv 0}}{\sp{\sn fLockPosition}{\sv 0}}{\sp{\sn fLockAgainstSelect}{\sv 0}}{\sp{\sn fLockVerticies}{\sv 0}}{\sp{\sn fLockAdjustHandles}{\sv 0}}
{\sp{\sn fLockAgainstGrouping}{\sv 0}}{\sp{\sn fFilled}{\sv 0}}{\sp{\sn fArrowheadsOK}{\sv 1}}{\sp{\sn fLine}{\sv 1}}{\sp{\sn fLockShapeType}{\sv 1}}{\sp{\sn wzName}{\sv AutoShape 5}}{\sp{\sn dyWrapDistTop}{\sv -3}}{\sp{\sn dyWrapDistBottom}{\sv -3}}
{\sp{\sn metroBlob}{\sv {\*\svb 
504b030414000600080000002100b6833892fe000000e1010000130000005b436f6e74656e745f54797065735d2e786d6c9491414ec3301045f748dcc1f216254ebb400825e982b44b40a81c60644f128b646c794c686f8f93b61b449158da33ffbf27bbdc1cc6414c18d83aaae42a2fa440d2ce58ea2af9bedf650f527004
323038c24a1e91e5a6bebd29f7478f2c529ab8927d8cfe5129d63d8ec0b9f34869d2ba30424cc7d0290ffa033a54eba2b857da51448a599c3b645d36d8c2e710c5f690ae4f26010796e2e9b438b32a09de0f56434ca66a22f383929d09794a2e3bdc5bcf774943aa5f09f3e43ae09c7b494f13ac41f10a213ec398349409ac
70ed1aa7f3bf3b66c99133d7b65663de04de2ea98bd3b56ee3be28e0f4dff226c5de70bab4abe583ea6f000000ffff0300504b03041400060008000000210038fd21ffd6000000940100000b0000005f72656c732f2e72656c73a490c16ac3300c86ef83bd83d17d719ac318a34e2fa3d06be91ec0d88a631a5b4632d9faf6
3383c1327adb51bfd0f7897f7ff84c8b5a91255236b0eb7a50981df9988381f7cbf1e90594549bbd5d28a3811b0a1cc6c787fd19175bdb91ccb1886a942c06e65acbabd6e2664c563a2a98db66224eb6b691832ed65d6d403df4fdb3e6df0c18374c75f206f8e40750975b69e63fec141d93d0543b4749d33445778faa3d7d
e433ae8d62396035e059be43c6b56bcf81beefddfdd31bd89639ba23db846fe4b67e1ca8653f7abde972fc020000ffff0300504b030414000600080000002100c34a902a1e0200003b0400000e0000006472732f65326f446f632e786d6cac53cd8eda3010be57ea3b58be431236a1101156ab047ad9769176fb00c67612ab
896dd98680aabe7bc78620b6bd54557370c69e996fbef95b3d9efa0e1db9b142c90227d318232ea962423605fef6b69d2c30b28e48463a257981cfdce2c7f5c70fab41e77ca65ad5316e1080489b0fbac0ad733a8f224b5bde133b559a4b50d6caf4c4c1d53411336400f4be8b66713c8f066598368a726be1b5ba28f13ae0
d735a7eea5ae2d77a82b307073e134e1dcfb335aaf48de18a25b41af34c83fb0e8899010f406551147d0c1883fa07a418db2aa7653aafa48d5b5a03ce400d924f16fd9bcb644f3900b14c7ea5b99ecff83a55f8f3b83042bf0034692f4d0a2a783532132ca7c79066d73b02ae5cef804e949beea6745bf5b2455d912d9f060
fc76d6e09b788fe89d8bbf580d41f6c317c5c086007ea8d5a936bd87842aa05368c9f9d6127e7288c2639626b324ce30a2a32e22f9e8a88d759fb9ea91170a6c9d21a2695da9a484c62b938430e4f86c9da745f2d1c147956a2bba2ef4bf936828f0329b65c1c1aa4e30aff466d634fbb233e848fc04852fe4089a7b33a30e
9205b09613b6b9ca8e88ee2243f04e7a3c480ce85ca5cb88fc58c6cbcd62b34827e96cbe99a471554d9eb6653a996f934f59f550956595fcf4d492346f05635c7a76e3b826e9df8dc375712e83761bd85b19a2f7e8a15e4076fc07d2a1b3be9997b1d82b76de99b1e330a1c1f8ba4d7e05eeef20dfeffcfa17000000ffff03
00504b0304140006000800000021005babc2fddb000000060100000f0000006472732f646f776e7265762e786d6c4c8fc14ec3301044ef48fc83b595b8a0d64ea59412e2541512078eb495b8baf19284c6eb28769ad0af67e1d21e47339a79936f26d78a33f6a1f1a42159281048a5b70d551a0efbb7f91a448886ac693da1
861f0cb029eeef7293593fd2079e77b1125c4221331aea18bb4cca50d6e84c58f80e89bd2fdf3b1359f695b4bd19b9dcb572a9d44a3ad3102fd4a6c3d71acbd36e701a300c69a2b6cfae3abc5fc6c7cfe5e57becf65a3fcca6ed0b888853bc86e10f9fd1a160a6a31fc806d16a98272927353cf123b6d7a9e227c77f2d8b5c
dee217bf000000ffff0300504b01022d0014000600080000002100b6833892fe000000e10100001300000000000000000000000000000000005b436f6e74656e745f54797065735d2e786d6c504b01022d001400060008000000210038fd21ffd6000000940100000b000000000000000000000000002f0100005f72656c73
2f2e72656c73504b01022d0014000600080000002100c34a902a1e0200003b0400000e000000000000000000000000002e0200006472732f65326f446f632e786d6c504b01022d00140006000800000021005babc2fddb000000060100000f00000000000000000000000000780400006472732f646f776e7265762e786d6c
504b05060000000004000400f3000000800500000000}}}{\sp{\sn dhgt}{\sv 251660288}}{\sp{\sn fLayoutInCell}{\sv 1}}{\sp{\sn fAllowOverlap}{\sv 1}}
{\sp{\sn fBehindDocument}{\sv 0}}{\sp{\sn fHidden}{\sv 0}}{\sp{\sn fLayoutInCell}{\sv 1}}}{\shprslt{\*\do\dobxcolumn\dobypara\dodhgt8193\dppolyline\dppolycount2\dpptx0\dppty0\dpptx8523\dppty0\dpx-15\dpy70\dpxsize8523\dpysize0
\dpfillfgcr255\dpfillfgcg255\dpfillfgcb255\dpfillbgcr255\dpfillbgcg255\dpfillbgcb255\dpfillpat0\dplinew15\dplinecor0\dplinecog0\dplinecob0}}}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\fs24\insrsid4086864\charrsid3036406 \hich\af0\dbch\af37\loch\f0 Introduction

\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid602691 \hich\af0\dbch\af37\loch\f0 [1]\tab}}\pard \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid462099 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid602691 \hich\af0\dbch\af37\loch\f0 This is an application }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid7885753 \hich\af0\dbch\af37\loch\f0 made }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4602650 \hich\af0\dbch\af37\loch\f0 pursuant to s 409B of the Cook Islands \hich\af0\dbch\af37\loch\f0 Act 1915}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid5113567 \hich\af0\dbch\af37\loch\f0  to determine market rental of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4086864 \hich\af0\dbch\af37\loch\f0 \hich\f0  the land known as Cemetery Reserve 206A1, Avarua (\'93\loch\f0 \hich\f0 the Land
\'94\loch\f0 ). The Land is }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid12273503 \hich\af0\dbch\af37\loch\f0 \hich\f0 currently occupied by Aquarius Pacific Hotels (Rarotonga) Limited (\'93\loch\f0 \hich\f0 Aquarius\'94\loch\f0 
) under a Deed of Sublease dated 1 May 2005.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid462099 
\par }\pard\plain \ltrpar\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1262321 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid1262321 \hich\af0\dbch\af37\loch\f0 Background}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid1262321\charrsid1262321 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid12273503 \hich\af0\dbch\af37\loch\f0 [2]\tab}}\pard\plain \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid12273503 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs22\lang5129\langfe5129\loch\af1\hich\af1\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid12273503 \hich\af0\dbch\af37\loch\f0 The \hich\af0\dbch\af37\loch\f0 landowners leased the area of 3,300m}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\super\insrsid12273503\charrsid12273503 \hich\af0\dbch\af37\loch\f0 2}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \f0\fs24\insrsid12273503 \hich\af0\dbch\af37\loch\f0  to the applicant, Rei Tu}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0 ainekore Jack Enoka by deed of l}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid12273503 \hich\af0\dbch\af37\loch\f0 ease dated 30 March 2005. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7501338 \hich\af0\dbch\af37\loch\f0 The applicant}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid12273503 
\hich\af0\dbch\af37\loch\f0 \hich\f0  then subleased his interest in the Land to Aquarius under the Deed of Sublease (\'93\loch\f0 \hich\f0 the Deed\'94\loch\f0 ) dated 1 May 2005. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid12273503\charrsid12273503 

\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid12273503 \hich\af0\dbch\af37\loch\f0 [3]\tab}}\pard \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid4877246 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid12273503 \hich\af0\dbch\af37\loch\f0 The Deed }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 
\hich\af0\dbch\af37\loch\f0 of\hich\af0\dbch\af37\loch\f0  Sublease is for}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid462099 \hich\af0\dbch\af37\loch\f0  20 years}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid462099 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10956828 \hich\af0\dbch\af37\loch\f0 with two ten-year terms}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0 . The Deed}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid462099 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0 sets out a rent review formula }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4877246 
\hich\af0\dbch\af37\loch\f0 \hich\f0 whereby Aquarius is required to pay an agreed \'93\loch\f0 \hich\f0 base rental\'94\loch\f0 \hich\f0  figure for each year, or 2.5% of gross income, whichever is greater. The \'93\loch\f0 \hich\f0 base rental\'94
\loch\f0  figures are set o\hich\af0\dbch\af37\loch\f0 ut in the Deed for each of the first five years. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0 Rent is to be reviewed every five years. 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid462099 \hich\af0\dbch\af37\loch\f0 [4]\tab}}\pard \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid12273503 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid462099 \hich\af0\dbch\af37\loch\f0 
Rent reviews are to be settled by agreement between the sublessor and sublessee }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid3695246 \hich\af0\dbch\af37\loch\f0 in the first instance}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid462099 
\hich\af0\dbch\af37\loch\f0 . Fa}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid3695246 \hich\af0\dbch\af37\loch\f0 iling agreement, rental}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid462099 \hich\af0\dbch\af37\loch\f0  is to be }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid984723 \hich\af0\dbch\af37\loch\f0 fix}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid462099 \hich\af0\dbch\af37\loch\f0 ed by the High Court }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid2166138 \loch\af0\dbch\af37\hich\f0 
\'93\loch\f0 ba\hich\af0\dbch\af37\loch\f0 sed upon}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid462099 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid2166138 \hich\af0\dbch\af37\loch\f0 then }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid462099 \hich\af0\dbch\af37\loch\f0 
current market rentals for comparable unimproved land of a similar value to the Land in its unimproved condition and upon the terms and conditions and provisions of this Deed but not to be less than the Rental payable for the preceding five y
\hich\af0\dbch\af37\loch\f0 \hich\f0 ears\'94\loch\f0 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid12273503 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid12273503\charrsid462099 \hich\af0\dbch\af37\loch\f0 [5]\tab}}\pard \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid462099 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid12273503\charrsid462099 \hich\af0\dbch\af37\loch\f0 The rent review due on 1 May 2010 }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid462099 \hich\af0\dbch\af37\loch\f0 remains outstanding and is the subject of this application. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid462099\charrsid462099 
\par }\pard\plain \ltrpar\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1262321 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid1262321 \hich\af0\dbch\af37\loch\f0 Submissions for the Applicant}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid80698 
\hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid1262321\charrsid1262321 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid2584570 \hich\af0\dbch\af37\loch\f0 [6]\tab}}\pard\plain \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2584570 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs22\lang5129\langfe5129\loch\af1\hich\af1\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid2584570 \hich\af0\dbch\af37\loch\f0 Counsel for the applicant}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5665532 \hich\af0\dbch\af37\loch\f0  submits that the Court has the }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid12527616 \hich\af0\dbch\af37\loch\f0 jurisdiction to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid602691 \hich\af0\dbch\af37\loch\f0 fix market ren}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid12527616 \hich\af0\dbch\af37\loch\f0 tal}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5665532 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10750380 \hich\af0\dbch\af37\loch\f0 by any of the following \hich\af0\dbch\af37\loch\f0 methods:}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid751314 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid5665532 \hich\af0\dbch\af37\loch\f0 a)\tab}}\pard \ltrpar\s15\qj \fi-360\li2160\ri0\sb240\sa240\sl360\slmult1
\widctlpar\wrapdefault\aspalpha\aspnum\faauto\ls1\ilvl1\adjustright\rin0\lin2160\itap0\pararsid5665532 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5665532 \loch\af0\dbch\af37\hich\f0 \'93\loch\f0 \hich\f0 
Based upon then current market rentals for comparable unimproved land of a similar value to the Land in its unimproved condition\'94\loch\f0 , as in accordance with the rent clause in the Deed of Lease;
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid5665532 \hich\af0\dbch\af37\loch\f0 b)\tab}\loch\af0\dbch\af37\hich\f0 \'93\loch\f0 
Upon the terms and conditions and provisions of this D\hich\af0\dbch\af37\loch\f0 \hich\f0 eed\'94\loch\f0 ; or 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid5665532 \hich\af0\dbch\af37\loch\f0 c)\tab}\loch\af0\dbch\af37\hich\f0 \'93\loch\f0 \hich\f0 Notwithstanding anything in any lease
\'94\loch\f0  as per s 409B of the Cook Islands Act 1915.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5665532\charrsid5665532 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid10750380 \hich\af0\dbch\af37\loch\f0 [7]\tab}}\pard \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid687473 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10750380 \hich\af0\dbch\af37\loch\f0 In terms of}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid5665532\charrsid5665532 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 \loch\af0\dbch\af37\hich\f0 \lquote }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5665532\charrsid5665532 
\hich\af0\dbch\af37\loch\f0 option}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0  a\hich\f0 \rquote }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5665532\charrsid5665532 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid5665532 \hich\af0\dbch\af37\loch\f0  counsel submits that}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid687473 \hich\af0\dbch\af37\loch\f0  the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10750380 \hich\af0\dbch\af37\loch\f0  L}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5600290 \hich\af0\dbch\af37\loch\f0 ease and the circumstances surrounding it are }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10750380 \hich\af0\dbch\af37\loch\f0 so unusual that there are }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \f0\fs24\insrsid5600290 \hich\af0\dbch\af37\loch\f0 no comparable example}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10750380 \hich\af0\dbch\af37\loch\f0 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid687473 
\hich\af0\dbch\af37\loch\f0  upon which to base rent. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5600290\charrsid687473 \hich\af0\dbch\af37\loch\f0 Counsel specifically identifies the f}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 
\hich\af0\dbch\af37\loch\f0 act that there was no up-}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid2967169\charrsid687473 \hich\af0\dbch\af37\loch\f0 front}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5600290\charrsid687473 \hich\af0\dbch\af37\loch\f0 
 consideration paid when the Deed was granted, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10750380\charrsid687473 \hich\af0\dbch\af37\loch\f0 and there was a }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5600290\charrsid687473 
\loch\af0\dbch\af37\hich\f0 \'93\loch\f0 \hich\f0 special relationship\'94\loch\f0  between the parties}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10750380\charrsid687473 \hich\af0\dbch\af37\loch\f0  upon signing of the Lease}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid5600290\charrsid687473 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10750380\charrsid687473 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid687473 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid687473 \hich\af0\dbch\af37\loch\f0 [8]\tab}\hich\af0\dbch\af37\loch\f0 Counsel contends}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid2967169\charrsid687473 \hich\af0\dbch\af37\loch\f0  that leases \hich\af0\dbch\af37\loch\f0 entered into for commercial pu}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid687473 \hich\af0\dbch\af37\loch\f0 rposes in the Cook Islands }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid2967169\charrsid687473 \hich\af0\dbch\af37\loch\f0 generally in}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0 \hich\f0 clude a form of goodwill or \'93\loch\f0 up-}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid2967169\charrsid687473 \hich\af0\dbch\af37\loch\f0 \hich\f0 front\'94\loch\f0  payment, particularly when the sublessor is registered as a foreign enterprise with the Business Development Investment Board. }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4489195 \hich\af0\dbch\af37\loch\f0 In this case, the a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7501338 \hich\af0\dbch\af37\loch\f0 pplicant}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid687473 
\hich\af0\dbch\af37\loch\f0  accepted a 25% shareholding in }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0 Aquarius instead of an up-}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid687473 \hich\af0\dbch\af37\loch\f0 
front payment when the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0 Investment }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid687473 \hich\af0\dbch\af37\loch\f0 
Board refused to approve a proposal for 100% foreign ownership of the company. Counsel further submits that, as a consequence of this shareholding, the orig\hich\af0\dbch\af37\loch\f0 
inal rentals were substantially reduced. It is said that this is common practice to charge less than market value where a lessor is also a shareholder in a company leasing the land, as the shareholder lessor also has the potential to collect profits from 
\hich\af0\dbch\af37\loch\f0 t\hich\af0\dbch\af37\loch\f0 he use of the land. 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid687473 \hich\af0\dbch\af37\loch\f0 [9]\tab}}\pard \ltrpar\s15\qj \li0\ri0\sb240\sa120\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid11101092 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid687473 \hich\af0\dbch\af37\loch\f0 \hich\f0 The Court discussed the effect of a \'93\loch\f0 \hich\f0 
special relationship\'94\loch\f0  between a lessor and lessee in }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f0\fs24\insrsid6489553 \hich\af0\dbch\af37\loch\f0 Island Hotels Limited v}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f0\fs24\insrsid687473 
\hich\af0\dbch\af37\loch\f0  Landowners, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid687473 \hich\af0\dbch\af37\loch\f0 stating that:}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs23\f0\fs24\super\insrsid687473 \chftn {\footnote \ltrpar \pard\plain \ltrpar
\s21\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid687473 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs20\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \cs23\f0\super\insrsid687473\charrsid4877246 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid802798 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f0\insrsid10497609\charrsid4877246 \hich\af0\dbch\af37\loch\f0 
Island Hotels Limited v Landowners }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid687473\charrsid4877246 \hich\af0\dbch\af37\loch\f0 [2001]}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid10497609\charrsid4877246 \hich\af0\dbch\af37\loch\f0 , Application}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid687473\charrsid4877246 \hich\af0\dbch\af37\loch\f0  63/1999}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid10497609\charrsid4877246 .}}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid687473 
\par }\pard \ltrpar\s15\qj \li1134\ri804\sa240\sl276\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin804\lin1134\itap0\pararsid11101092 {\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \f0\insrsid687473\charrsid12988196 \hich\af0\dbch\af37\loch\f0 
Where there exists a special relationship between the parties, whether it be through kin, shar\hich\af0\dbch\af37\loch\f0 \hich\f0 eholding, partnership or otherwise, the rental payable under leases arranged by parties can hardly be described as \'93
\loch\f0 \hich\f0 comparable rentals\'94\loch\f0  with those payable un}{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \f0\insrsid687473 \hich\af0\dbch\af37\loch\f0 der leases entered into in arms-}{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 
\f0\insrsid687473\charrsid12988196 \hich\af0\dbch\af37\loch\f0 length transactions.
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid5062104\charrsid5062104 \hich\af0\dbch\af37\loch\f0 [10]\tab}}\pard \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid5062104 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5062104\charrsid5062104 \hich\af0\dbch\af37\loch\f0 A further factor which is said to make this ca
\hich\af0\dbch\af37\loch\f0 se unusual is that, a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0 t the time the Deed was signed, there was a }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5062104\charrsid5062104 
\hich\af0\dbch\af37\loch\f0 commercial laundry on the Land which included a numbe}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0 r of buildings. There was no up-}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid5062104\charrsid5062104 \hich\af0\dbch\af37\loch\f0 front payment for these improvements to the Land, whi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid8531148 \hich\af0\dbch\af37\loch\f0 ch are said to be of }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0 a value of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid8531148 \hich\af0\dbch\af37\loch\f0 $170,000}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5062104\charrsid5062104 
\hich\af0\dbch\af37\loch\f0 . While}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid687473\charrsid5062104 \hich\af0\dbch\af37\loch\f0  the L\hich\af0\dbch\af37\loch\f0 ease specifies}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 
\hich\af0\dbch\af37\loch\f0  that rent will be determined with}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid687473\charrsid5062104 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5062104\charrsid5062104 
\hich\af0\dbch\af37\loch\f0 reference to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid687473\charrsid5062104 \hich\af0\dbch\af37\loch\f0 the unimproved value of the Land, counsel submits that the Court generally looks to the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0 sum paid in up-}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5062104\charrsid5062104 \hich\af0\dbch\af37\loch\f0 
front consideration at the time the Deed was signed when determining rent reviews.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0  Where th\hich\af0\dbch\af37\loch\f0 ere is little or no up-}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid5062104\charrsid5062104 \hich\af0\dbch\af37\loch\f0 front payment, the Court will generally apply a greater increase. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid687473\charrsid5062104 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid14642022 \hich\af0\dbch\af37\loch\f0 [11]\tab}}\pard \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid9256303 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0 In terms of \hich\f0 \lquote }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid687473\charrsid687473 \hich\af0\dbch\af37\loch\f0 option}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0  b\hich\f0 \rquote }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid687473\charrsid687473 
\hich\af0\dbch\af37\loch\f0 \hich\f0 , counsel submits that the \'93\loch\f0 \hich\f0 terms and conditions and provisions\'94\loch\f0  of the Deed of Lease are not an appropriate basis on which to determine rent as\hich\af0\dbch\af37\loch\f0 
 the circumstances have significantly changed}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5062104 \hich\af0\dbch\af37\loch\f0  since signing}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid687473\charrsid687473 \hich\af0\dbch\af37\loch\f0 . }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \f0\fs24\insrsid687473 \hich\af0\dbch\af37\loch\f0 In February 2007, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4489195 \hich\af0\dbch\af37\loch\f0 the a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7501338 
\hich\af0\dbch\af37\loch\f0 pplicant}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7354688\charrsid687473 \loch\af0\dbch\af37\hich\f0 \rquote \loch\f0 s 25% shareholding w}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid687473 \hich\af0\dbch\af37\loch\f0 
\hich\f0 as \'93\loch\f0 \hich\f0 seized\'94}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7354688\charrsid687473 \hich\af0\dbch\af37\loch\f0  by the Governing Director of Pacific Hotels Limited}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid687473 
\hich\af0\dbch\af37\loch\f0 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5062104 \hich\af0\dbch\af37\loch\f0 \hich\f0 It is said that this ended the \'93\loch\f0 \hich\f0 special relationship\'94\loch\f0  between the parties}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid687473 \hich\af0\dbch\af37\loch\f0 , \hich\af0\dbch\af37\loch\f0 with the effect that greater rental}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0  should have taken a}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid7354688\charrsid687473 \hich\af0\dbch\af37\loch\f0 ffect from that date. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid3824405 \hich\af0\dbch\af37\loch\f0 Counsel says}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5062104 
\hich\af0\dbch\af37\loch\f0  that the Court may take into consideration the circumstances and intentions of the parties at the time when they negotiated the terms, conditions and provisions of th\hich\af0\dbch\af37\loch\f0 e Deed, as established by }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5062104\charrsid687473 \hich\af0\dbch\af37\loch\f0 Justice Smith in the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f0\fs24\insrsid5062104\charrsid687473 \hich\af0\dbch\af37\loch\f0 Uruau }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid5062104\charrsid687473 \hich\af0\dbch\af37\loch\f0 case}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5062104 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs23\f0\fs24\super\insrsid5062104\charrsid11892368 \chftn {\footnote \ltrpar \pard\plain \ltrpar
\s21\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid5062104 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs20\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \cs23\f0\super\insrsid5062104\charrsid4877246 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid5062104\charrsid4877246 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f0\insrsid5062104\charrsid4877246 
\hich\af0\dbch\af37\loch\f0 Landowners v Cook Islands Investment Corporation }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid5062104\charrsid4877246 \hich\af0\dbch\af37\loch\f0 [2007] No. 523/2007.}}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid12255532 

\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid14642022 \hich\af0\dbch\af37\loch\f0 [12]\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0 
This leaves \hich\f0 \lquote \loch\f0 option c\hich\f0 \rquote }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11824281 \hich\af0\dbch\af37\loch\f0 , whereby the Court may }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0 
use s 409B to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11824281 \hich\af0\dbch\af37\loch\f0 \hich\f0 determine and fix rental \'93\loch\f0 \hich\f0 notwithstanding anything in any lease\'94.}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs23\f0\fs24\super\insrsid11824281 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s21\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 
\fs20\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs23\f0\super\insrsid11824281\charrsid4877246 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid11824281\charrsid4877246 
\hich\af0\dbch\af37\loch\f0  Cook Islands Act 1915, s 409B. }}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11824281 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7354688\charrsid687473 \hich\af0\dbch\af37\loch\f0 
Counsel suggests that the starting point }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5062104 \hich\af0\dbch\af37\loch\f0 for the rent review }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7354688\charrsid687473 \hich\af0\dbch\af37\loch\f0 should b
\hich\af0\dbch\af37\loch\f0 e $5,000}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid8531148 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7354688\charrsid687473 \hich\af0\dbch\af37\loch\f0 per month from 1 May 2010}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7354688\charrsid687473 \hich\af0\dbch\af37\loch\f0  with }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5968977\charrsid687473 
\hich\af0\dbch\af37\loch\f0 a }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5062104 \hich\af0\dbch\af37\loch\f0 25% increase}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7354688\charrsid687473 \hich\af0\dbch\af37\loch\f0 . }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid7363624 \hich\af0\dbch\af37\loch\f0 Counsel refers to the case }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f0\fs24\insrsid5968977\charrsid687473 \hich\af0\dbch\af37\loch\f0 Landowners v The Cook Islands Government Property Corporation}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \cs23\f0\fs24\super\insrsid1394398\charrsid11824281 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s21\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs20\alang1025 
\ltrch\fcs0 \fs20\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs23\f0\super\insrsid1394398\charrsid4877246 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid1394398\charrsid4877246 
\hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f0\insrsid1394398\charrsid4877246 \hich\af0\dbch\af37\loch\f0 Landowners v Cook Islands Investment Corporation }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid1394398\charrsid4877246 
\hich\af0\dbch\af37\loch\f0 [2007] No. 523/2007.}}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f0\fs24\insrsid5968977\charrsid687473 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7363624 \hich\af0\dbch\af37\loch\f0 
where the Court held that an }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5968977\charrsid687473 \hich\af0\dbch\af37\loch\f0 \hich\f0 increase of 25% \'93\loch\f0 \hich\f0 would not be unfair\'94\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid7363624 \hich\af0\dbch\af37\loch\f0 in a rent review }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5968977\charrsid687473 \hich\af0\dbch\af37\loch\f0 where }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 
\hich\af0\dbch\af37\loch\f0 the initial rent \hich\af0\dbch\af37\loch\f0 was fair}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7363624 \hich\af0\dbch\af37\loch\f0 
. In the present case, counsel suggests that a 40% increase would be fair and equitable to compensate for the fact that the initial rental rates were below market rental due to the applicant\hich\f0 \rquote \loch\f0 
s acceptance of a 25% shareholding in the company.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5600290 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid11824281 \hich\af0\dbch\af37\loch\f0 [13]\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11824281 \hich\af0\dbch\af37\loch\f0 
Counse\hich\af0\dbch\af37\loch\f0 l also asserts that the Court may take into account the actions and attitudes of the sublessee when fixing rental pursuant to s 409B. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7107221 \hich\af0\dbch\af37\loch\f0 C}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11824281 \hich\af0\dbch\af37\loch\f0 ounsel notes that }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7107221 \hich\af0\dbch\af37\loch\f0 it was }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11824281 
\hich\af0\dbch\af37\loch\f0 the respondent\hich\f0 \rquote \loch\f0 s actions }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7107221 \hich\af0\dbch\af37\loch\f0 which }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11824281 \hich\af0\dbch\af37\loch\f0 
\hich\f0 unilaterally ended the \'93\loch\f0 \hich\f0 special relationship\'94\loch\f0  between the parties\hich\af0\dbch\af37\loch\f0  and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7107221 \hich\af0\dbch\af37\loch\f0 
caused the applicant to lose his 25% shareholding without compensation. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11824281 \hich\af0\dbch\af37\loch\f0 On the other hand, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7107221 
\hich\af0\dbch\af37\loch\f0 counsel notes that }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11824281 \hich\af0\dbch\af37\loch\f0 the applicant has provided significant support to the respondent by providing the initial asset base for the }{\rtlch\fcs1 
\af0 \ltrch\fcs0 \f0\fs24\insrsid11824281\charrsid15928021 \hich\af0\dbch\af37\loch\f0 respondent\hich\f0 \rquote }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0 s business, without a\hich\af0\dbch\af37\loch\f0 
ny payment for this.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11824281\charrsid15928021 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid11824281\charrsid15928021 \hich\af0\dbch\af37\loch\f0 [14]\tab}}\pard \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid15928021 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11824281\charrsid15928021 \hich\af0\dbch\af37\loch\f0 Furthermore, }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0 counsel says that }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11824281\charrsid15928021 \hich\af0\dbch\af37\loch\f0 the respondent has failed to }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid15928021 \hich\af0\dbch\af37\loch\f0 engage in }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11824281\charrsid15928021 \hich\af0\dbch\af37\loch\f0 attempts }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid15928021 
\hich\af0\dbch\af37\loch\f0 made by the applicant }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11824281\charrsid15928021 \hich\af0\dbch\af37\loch\f0 to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid15928021 \hich\af0\dbch\af37\loch\f0 
negotiate an agreement on rental, which eventually led }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4489195 \hich\af0\dbch\af37\loch\f0 the a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7501338 \hich\af0\dbch\af37\loch\f0 pplicant}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid15928021 \hich\af0\dbch\af37\loch\f0  to file this application. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid15928021\charrsid15928021 \hich\af0\dbch\af37\loch\f0 This includes an offer made b}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid9176563 \hich\af0\dbch\af37\loch\f0 y the \hich\af0\dbch\af37\loch\f0 applicant, at the time the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid15928021\charrsid15928021 \hich\af0\dbch\af37\loch\f0  application was filed}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid9176563 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid15928021\charrsid15928021 \hich\af0\dbch\af37\loch\f0  to fix rental at $4,999.50 as at 1 May 2010. T}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid11824281\charrsid15928021 \hich\af0\dbch\af37\loch\f0 he respondent did not reply to this offer.
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid7107221 \hich\af0\dbch\af37\loch\f0 [15]\tab}}\pard \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid7107221 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7107221 \hich\af0\dbch\af37\loch\f0 Counsel also notes that the}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid5665532\charrsid7107221 \hich\af0\dbch\af37\loch\f0  applicant }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7107221 \hich\af0\dbch\af37\loch\f0 was forced to issue }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5665532\charrsid7107221 
\hich\af0\dbch\af37\loch\f0 multiple Notices of Forfeit}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid14642022 \hich\af0\dbch\af37\loch\f0 ure}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5665532\charrsid7107221 \hich\af0\dbch\af37\loch\f0 
 in respect of unpaid rent, the first being the largest sum of 8 months of unpaid rent amounting to $29,999.92, and subsequent notices for a further 4 months and 2 months of unpaid rent}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11681739 
\hich\af0\dbch\af37\loch\f0  respectively}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5665532\charrsid7107221 \hich\af0\dbch\af37\loch\f0 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid751314 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid13183844\charrsid487292 \hich\af0\dbch\af37\loch\f0 [16]\tab}}\pard \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid13183844 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid13183844\charrsid487292 \hich\af0\dbch\af37\loch\f0 In terms of jurisdiction, counsel submits that there is
\hich\af0\dbch\af37\loch\f0  nothing in s 409B which }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7363624\charrsid487292 \hich\af0\dbch\af37\loch\f0 
allows the Court to re-write the Deed in a way that would reduce the rent. Otherwise, it is said that the negotiation of contracts between parties would be rendered meaningless. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid487292 
\hich\af0\dbch\af37\loch\f0 The}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid487292\charrsid487292 \hich\af0\dbch\af37\loch\f0  Court held in }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f0\fs24\insrsid487292\charrsid487292 \hich\af0\dbch\af37\loch\f0 
Landowners v The Cook Islands Gover\hich\af0\dbch\af37\loch\f0 nment Property Corporation }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid487292\charrsid487292 \hich\af0\dbch\af37\loch\f0 
that, when faced with an initial agreement negotiated between parties as to rent, it should accept the agreement as having been fair at the time the parties negotiated it.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs23\f0\fs24\super\insrsid487292 \chftn {\footnote 
\ltrpar \pard\plain \ltrpar\s21\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid487292 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 
\fs20\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs23\f0\super\insrsid487292\charrsid4877246 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid487292\charrsid4877246 
\hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f0\insrsid487292\charrsid4877246 \hich\af0\dbch\af37\loch\f0 Landowners v\hich\af0\dbch\af37\loch\f0  The Cook Islands Government Property Corporation}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\insrsid487292\charrsid4877246 \hich\af0\dbch\af37\loch\f0  [2005] Application 392.05.}}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4998843 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7363624\charrsid487292 
\hich\af0\dbch\af37\loch\f0 Counsel therefore submits that the Court must}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4998843 \hich\af0\dbch\af37\loch\f0  assume tha\hich\af0\dbch\af37\loch\f0 
t the rent agreed to by the parties and set out in the Deed was fair, but may use s 409B}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid742864 \hich\af0\dbch\af37\loch\f0  to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4998843 
\hich\af0\dbch\af37\loch\f0  increase }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid742864 \hich\af0\dbch\af37\loch\f0 the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4998843 \hich\af0\dbch\af37\loch\f0 
rent if there are material changes in the relationship between the parties which would justify an increase. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid13183844\charrsid487292 
\par }\pard\plain \ltrpar\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid1262321 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid1262321 \hich\af0\dbch\af37\loch\f0 Submissions for the Respondent}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\b\f0\insrsid1262321\charrsid1262321 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid4489195 \hich\af0\dbch\af37\loch\f0 [17]\tab}}\pard\plain \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid1262321 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs22\lang5129\langfe5129\loch\af1\hich\af1\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid4489195 \hich\af0\dbch\af37\loch\f0 Counsel for\hich\af0\dbch\af37\loch\f0  the r}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5063268 \hich\af0\dbch\af37\loch\f0 \hich\f0 espondent contends that this is \'93\loch\f0 
a simple application for the review of the annual rent payable by Aquarius as required by the Deed of Sublease}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11681739 \loch\af0\dbch\af37\hich\f0 \'94}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5063268 .}
{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11993961 \hich\af0\dbch\af37\loch\f0  Accordingly, the Court should only look to the evidence, or lack thereof, to support an increase of rent\hich\af0\dbch\af37\loch\f0  as }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid11681739 \hich\af0\dbch\af37\loch\f0 is sought }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11993961 \hich\af0\dbch\af37\loch\f0 by the applicant.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5063268 \hich\af0\dbch\af37\loch\f0  }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4998843 \hich\af0\dbch\af37\loch\f0 Rent as at 1 May 2010 must be based on }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid742864 \hich\af0\dbch\af37\loch\f0 comparable market rental, as }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid4998843 \hich\af0\dbch\af37\loch\f0 set out in the Deed.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10291591 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid5063268 \hich\af0\dbch\af37\loch\f0 [18]\tab}}\pard \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid11681739 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5063268 \hich\af0\dbch\af37\loch\f0 Comparison with similar unimproved lands suggests that the rental which 
}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4489195 \hich\af0\dbch\af37\loch\f0 the a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7501338 \hich\af0\dbch\af37\loch\f0 pplicant}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5063268 
\hich\af0\dbch\af37\loch\f0  receives from Aquarius i}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11681739 \hich\af0\dbch\af37\loch\f0 s far in excess of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5063268 \hich\af0\dbch\af37\loch\f0  other }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11681739 \hich\af0\dbch\af37\loch\f0 comparable }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5063268 \hich\af0\dbch\af37\loch\f0 leases}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5063268\charrsid5836313 
\hich\af0\dbch\af37\loch\f0 , and possibly the highest in the Cook Islands. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10968514 \hich\af0\dbch\af37\loch\f0 
It was suggested that Aquarius currently pays more than five to six times the rent of the neighbouring properties leased to the Vaile\hich\f0 \rquote \loch\f0 s and Rarotonga Rentals Limited. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11681739 
\hich\af0\dbch\af37\loch\f0 As evidence for this pro\hich\af0\dbch\af37\loch\f0 position, counsel produced an affidavit }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid12207656 \hich\af0\dbch\af37\loch\f0 from registered valuer}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid4070758 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid12207656 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4070758 \hich\af0\dbch\af37\loch\f0 John McElhinney,}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid11681739 \hich\af0\dbch\af37\loch\f0  which states that the $3,749 per month currently paid by Aquarius}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4070758 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid11681739 \hich\af0\dbch\af37\loch\f0 is much more than what has been paid for similar leases in the Cook Islands in the past. In further evidence,\hich\af0\dbch\af37\loch\f0  counsel provided an email from Mr Eggleton of the Frame Group }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11681739\charrsid4935121 \hich\af0\dbch\af37\loch\f0 \hich\f0 in support of the proposition that the 2.5% gross income formula would produce a \'93\loch\f0 \hich\f0 fairer rent\'94\loch\f0  going forward. }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11681739 \hich\af0\dbch\af37\loch\f0 Mr Eggleton referred to two comparative properties}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11681739\charrsid4935121 \hich\af0\dbch\af37\loch\f0 
 of Rendezvous Villas and Aroa\hich\af0\dbch\af37\loch\f0  Beachside Inn whi}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11681739 \hich\af0\dbch\af37\loch\f0 ch pay rent of 2% and 3% of accommodation revenue respectively.}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid11681739\charrsid11681739 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid11993961\charrsid4070758 \hich\af0\dbch\af37\loch\f0 [19]\tab}}\pard \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid1262321 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11993961\charrsid4070758 \hich\af0\dbch\af37\loch\f0 Counsel }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid4070758\charrsid4070758 \hich\af0\dbch\af37\loch\f0 disputes the applicant\hich\f0 \rquote \loch\f0 \hich\f0 s view of the \'93\loch\f0 \hich\f0 seizure\'94\loch\f0 
 of his 25% shareholding in the company. Counsel argues that the respondent }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11993961\charrsid4070758 \hich\af0\dbch\af37\loch\f0 gifted}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4489195 
\hich\af0\dbch\af37\loch\f0  the 25% shareholding to the a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7501338 \hich\af0\dbch\af37\loch\f0 pplicant}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11993961\charrsid4070758 \hich\af0\dbch\af37\loch\f0 
 in good faith with an expectation that he would actively support the hotel venture. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4489195 \hich\af0\dbch\af37\loch\f0 The a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7501338 
\hich\af0\dbch\af37\loch\f0 pplicant}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4070758 \hich\af0\dbch\af37\loch\f0  would consequently gain significant benefit from the company\hich\f0 \rquote \loch\f0 s success. The resp}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid4489195 \hich\af0\dbch\af37\loch\f0 ondent decided to remove the a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7501338 \hich\af0\dbch\af37\loch\f0 pplicant}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4070758 
\loch\af0\dbch\af37\hich\f0 \rquote \loch\f0 s sha}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid12086343 \hich\af0\dbch\af37\loch\f0 reholding after he failed, on a n\hich\af0\dbch\af37\loch\f0 umber of occasions, to meet his obligations under the }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11681739 \hich\af0\dbch\af37\loch\f0 Deed}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid12086343 \hich\af0\dbch\af37\loch\f0 
. This includes failing to guarantee clean title of the whole area leased to the respondent, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11681739 \hich\af0\dbch\af37\loch\f0 
which consequently required the respondent to go to Court to resolve a boundary dispute. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10968514 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid12086343 \hich\af0\dbch\af37\loch\f0 [20]\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid12086343 \hich\af0\dbch\af37\loch\f0 
Counsel claims \hich\af0\dbch\af37\loch\f0 that the respondent made multiple attempts between 2007 and 2012 to contact the applicant to resolve these issues}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11681739 ,}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid12086343 \hich\af0\dbch\af37\loch\f0  but the applicant failed to respond. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11681739 \hich\af0\dbch\af37\loch\f0 
The respondent was therefore surprised when served with demands for increased rent and Notices of F}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid12086343 \hich\af0\dbch\af37\loch\f0 orfei\hich\af0\dbch\af37\loch\f0 
ture from the applicant for unpaid rent.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11993961\charrsid4070758 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid10163181 \hich\af0\dbch\af37\loch\f0 [21]\tab}}\pard \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid4998843 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10163181 \hich\af0\dbch\af37\loch\f0 
Counsel notes that Aquarius is already struggling financially to meet the current}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5836313 \hich\af0\dbch\af37\loch\f0  high}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10163181 \hich\af0\dbch\af37\loch\f0  }
{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5836313 \hich\af0\dbch\af37\loch\f0 rent}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10163181 \hich\af0\dbch\af37\loch\f0 \hich\f0 . The original rent was based on \'93\loch\f0 \hich\f0 
optimistic projections and estimates\'94\loch\f0  of the success of the hotel industry prior to the gl\hich\af0\dbch\af37\loch\f0 obal recession}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5836313 \hich\af0\dbch\af37\loch\f0 
, but the economic climate has significant}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid3824405 \hich\af0\dbch\af37\loch\f0 ly }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5836313 \hich\af0\dbch\af37\loch\f0 changed following the recession}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10163181 \hich\af0\dbch\af37\loch\f0 . It was expected that 2.5% of the company\hich\f0 \rquote \loch\f0 s }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid5836313 \hich\af0\dbch\af37\loch\f0 income}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \f0\fs24\insrsid10163181 \hich\af0\dbch\af37\loch\f0  would soon exceed the original rent figures set out in the}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10163181\charrsid16153249 \hich\af0\dbch\af37\loch\f0 
 Deed but, in reality, the annual turnover is only about\hich\af0\dbch\af37\loch\f0  half }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4070758 \hich\af0\dbch\af37\loch\f0 the amount }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid10163181\charrsid16153249 \hich\af0\dbch\af37\loch\f0 of rent currently charged}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4070758 \hich\af0\dbch\af37\loch\f0  to Aquarius}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid10163181\charrsid16153249 \hich\af0\dbch\af37\loch\f0 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11493076\charrsid4998843 \hich\af0\dbch\af37\loch\f0 Accordingly, c}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid9852832\charrsid4998843 \hich\af0\dbch\af37\loch\f0 ounsel }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11493076\charrsid4998843 \hich\af0\dbch\af37\loch\f0 submits that the economic projections upon which the }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid15734876\charrsid4998843 \loch\af0\dbch\af37\hich\f0 \'93\loch\f0 \hich\f0 base rental\'94}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11493076\charrsid4998843 \hich\af0\dbch\af37\loch\f0 
 figures were agreed are no longer sustainable in the current economic climate}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid16672939\charrsid4998843 \hich\af0\dbch\af37\loch\f0 . }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4998843 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid4998843 \hich\af0\dbch\af37\loch\f0 [22]\tab}\hich\af0\dbch\af37\loch\f0 Counsel notes that counsel for 
\hich\af0\dbch\af37\loch\f0 the applicant introduced s 409B into these proceedings, thereby i}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid742864 \hich\af0\dbch\af37\loch\f0 nviting the Court to consider it}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid4998843 \hich\af0\dbch\af37\loch\f0 . Counsel submits that, if the Court is of a mind to apply s 409B in these circumstances, }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid742864 \hich\af0\dbch\af37\loch\f0 it should use the}{\rtlch\fcs1 
\af0 \ltrch\fcs0 \f0\fs24\insrsid4998843 \hich\af0\dbch\af37\loch\f0  section to reduce the rental paid by Aquarius in}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid16672939\charrsid4998843 \hich\af0\dbch\af37\loch\f0  li\hich\af0\dbch\af37\loch\f0 
ght of both the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid742864 \hich\af0\dbch\af37\loch\f0 current }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid16672939\charrsid4998843 \hich\af0\dbch\af37\loch\f0 
economic reality and the problems experienced by the r}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4489195\charrsid4998843 \hich\af0\dbch\af37\loch\f0 espondent as a result of the a}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7501338\charrsid4998843 
\hich\af0\dbch\af37\loch\f0 pplicant}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid16672939\charrsid4998843 \loch\af0\dbch\af37\hich\f0 \rquote \loch\f0 s failure to}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4998843 \hich\af0\dbch\af37\loch\f0 
 meet his obligations as lessor.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid11493076\charrsid4998843 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10968514\charrsid4998843 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid10968514 \hich\af0\dbch\af37\loch\f0 [23]\tab}}\pard \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid10968514 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10968514 \hich\af0\dbch\af37\loch\f0 It is said that s 409B of the Cook Islands Act 191}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid15734876 \hich\af0\dbch\af37\loch\f0 5 has provided the Court, as a c}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10968514 \hich\af0\dbch\af37\loch\f0 \hich\f0 
ourt of equity, with the ability to intervene in the interests of fairness to address what counsel considers an \'93\loch\f0 \hich\f0 imbalance\'94\loch\f0 \hich\f0 
 in the high rent currently paid by the respondent for the use of the Land. Counsel argues that the wording of that section, \'93\loch\f0 notwit\hich\af0\dbch\af37\loch\f0 h\hich\af0\dbch\af37\loch\f0 \hich\f0 standing anything in the lease\'94\loch\f0 
, allows the Court to set aside any provision in a Deed of Lease when determining rent. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10968514\charrsid10968514 \hich\af0\dbch\af37\loch\f0 Counsel }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10968514 
\hich\af0\dbch\af37\loch\f0 therefore }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10968514\charrsid10968514 \hich\af0\dbch\af37\loch\f0 suggests that the Court }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10968514 \hich\af0\dbch\af37\loch\f0 
\hich\f0 remove the words \'93\loch\f0 \hich\f0 whichever is greater\'94\loch\f0  from the }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid15734876 \hich\af0\dbch\af37\loch\f0 Deed\hich\f0 \rquote \loch\f0 s }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid10968514 \hich\af0\dbch\af37\loch\f0 rent review }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid15734876 \hich\af0\dbch\af37\loch\f0 formula,}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10968514 \hich\af0\dbch\af37\loch\f0 
 thereby leaving 2.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid15734876 \hich\af0\dbch\af37\loch\f0 5% of gross income as the single}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10968514 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid15734876 \hich\af0\dbch\af37\loch\f0 option}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10968514 \hich\af0\dbch\af37\loch\f0  for rent review. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid1262321\charrsid10968514 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid3824405 \hich\af0\dbch\af37\loch\f0 [24]\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid3824405 \hich\af0\dbch\af37\loch\f0 C}
{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4998843 \hich\af0\dbch\af37\loch\f0 \hich\f0 ounsel proposed an alternative \'93\loch\f0 \hich\f0 prudent lessee test\'94\loch\f0  as discussed in}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10968514 
\hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f0\fs24\insrsid13789559 \hich\af0\dbch\af37\loch\f0 Wellington City v National Bank of New Zealand Properties Ltd }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid13789559 
\hich\af0\dbch\af37\loch\f0 and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f0\fs24\insrsid13789559 \hich\af0\dbch\af37\loch\f0 Granadilla Ltd v Berben}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4998843 \hich\af0\dbch\af37\loch\f0 
, whereby the Court could determine wha\hich\af0\dbch\af37\loch\f0 \hich\f0 t rental would be fair for the land in question by considering what the hypothetical \'93\loch\f0 \hich\f0 prudent lessee\'94\loch\f0 
 would pay for the premises upon the terms and conditions of the lease, and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid742864 \hich\af0\dbch\af37\loch\f0 up}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4998843 \hich\af0\dbch\af37\loch\f0 
on the basis of an open market.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \cs23\f0\fs24\super\insrsid15734876 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s21\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15734876 
\rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 \fs20\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs23\f0\super\insrsid15734876\charrsid4877246 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\insrsid15734876\charrsid4877246 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f0\insrsid15734876\charrsid4877246 \hich\af0\dbch\af37\loch\f0 Wellington City v National Bank of New Zealand Properties Limited }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\insrsid15734876\charrsid4877246 \hich\af0\dbch\af37\loch\f0 [1970] NZLR 660; }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f0\insrsid15734876\charrsid4877246 \hich\af0\dbch\af37\loch\f0 Granadilla Ltd v Berben }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\insrsid15734876\charrsid4877246 \hich\af0\dbch\af37\loch\f0 (1999) 4 NZ ConvC 192,963 (CA).}}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid13789559 \hich\af0\dbch\af37\loch\f0  Counsel submits that the Court could apply t\hich\af0\dbch\af37\loch\f0 
he same approach}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid15543479 \hich\af0\dbch\af37\loch\f0  in this case}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid13789559 .}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10968514 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid2833940 \hich\af0\dbch\af37\loch\f0 [25]\tab}}\pard \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid2833940 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid2833940 \hich\af0\dbch\af37\loch\f0 Counsel }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10968514 
\hich\af0\dbch\af37\loch\f0 notes that counsel }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid2833940 \hich\af0\dbch\af37\loch\f0 
for the applicant was unable to provide examples of any lease that had comparably high rental to that currently being paid by Aquarius. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid16153331 \hich\af0\dbch\af37\loch\f0 It is said that the applicant
\hich\f0 \rquote \loch\f0 s argument }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid13789559 \hich\af0\dbch\af37\loch\f0 to increase rent has }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid16153331 \hich\af0\dbch\af37\loch\f0 
therefore not been justified. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid2833940 
\par }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15734876 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid1262321 \hich\af0\dbch\af37\loch\f0 Law}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid1262321\charrsid1262321 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid16392223 \hich\af0\dbch\af37\loch\f0 [26]\tab}}\pard\plain \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid7885753 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs22\lang5129\langfe5129\loch\af1\hich\af1\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid16392223 \hich\af0\dbch\af37\loch\f0 Section 4}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7885753\charrsid7885753 0}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid16392223 \hich\af0\dbch\af37\loch\f0 9}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid7885753\charrsid7885753 \hich\af0\dbch\af37\loch\f0 B of the Cook Islands Act 1915 provides the Court\hich\f0 \rquote \loch\f0 s power to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7885753 \hich\af0\dbch\af37\loch\f0 
determine and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7885753\charrsid7885753 \hich\af0\dbch\af37\loch\f0 fix current market rental:
\par }\pard\plain \ltrpar\s24\qj \li1417\ri0\sb360\sl360\slmult1\widctlpar\tx709\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1417\itap0\pararsid7885753 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 
\fs24\lang5129\langfe5129\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \b\fs22\insrsid7885753\charrsid4329679 409B }{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \b\fs22\insrsid7885753 \tab }{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 
\b\fs22\insrsid7885753\charrsid4329679 Land Rental Arbitration
\par }\pard \ltrpar\s24\qj \li1417\ri0\sl360\slmult1\widctlpar\tx709\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1417\itap0\pararsid7885753 {\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \fs22\insrsid7885753\charrsid4329679 
Notwithstanding anything in any lease, contract or other document conferring 
rights in any person to land or an interest in land the Land Court may upon application by any interested party and upon sufficient cause being shown, hear, determine and fix the capital value of any land or interest in land or the current market rental o
f any land or interest in land.}{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \fs22\insrsid1262321\charrsid7885753 
\par }\pard\plain \ltrpar\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16282600 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid1262321 \hich\af0\dbch\af37\loch\f0 Discussion}{\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid1262321\charrsid16282600 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid16282600 \hich\af0\dbch\af37\loch\f0 [27]\tab}}\pard\plain \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid1262321 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs22\lang5129\langfe5129\loch\af1\hich\af1\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid16282600 \hich\af0\dbch\af37\loch\f0 It has been}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid12923520 \hich\af0\dbch\af37\loch\f0  well-establishe}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid16282600 
\hich\af0\dbch\af37\loch\f0 d that the Court will not lightly}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid12923520 \hich\af0\dbch\af37\loch\f0  int}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid16282600 \hich\af0\dbch\af37\loch\f0 
erfere with contracts freely negotia}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid15734876 \hich\af0\dbch\af37\loch\f0 ted by fully-informed parties. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid16282600 \hich\af0\dbch\af37\loch\f0 The Court\hich\f0 
\rquote \loch\f0 s reluctance has been }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid3824405 \hich\af0\dbch\af37\loch\f0 discussed}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid16282600 \hich\af0\dbch\af37\loch\f0  in a number of cases, including }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f0\fs24\insrsid16282600 \hich\af0\dbch\af37\loch\f0 Lineen }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid16282600 \hich\af0\dbch\af37\loch\f0 wh\hich\af0\dbch\af37\loch\f0 \hich\f0 ere Justice Grice held that \'93\loch\f0 
\hich\f0 parties are entitled to have the provisions of the Lease they have negotiated varied only to the minimum extent possible. Therefore only where necessary should the original lease provisions be altered\'94.}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\cs23\f0\fs24\super\insrsid16282600\charrsid15867760 \chftn {\footnote \ltrpar \pard\plain \ltrpar\s21\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid16282600 \rtlch\fcs1 \af0\afs20\alang1025 \ltrch\fcs0 
\fs20\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \cs23\f0\super\insrsid16282600\charrsid4877246 \chftn }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid16282600\charrsid4877246 
\hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f0\insrsid16282600\charrsid4877246 \hich\af0\dbch\af37\loch\f0 Lineen v MacQuarrie \hich\f0 \endash \loch\f0  Vaitamanga Hol\hich\af0\dbch\af37\loch\f0 dings Limited }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\insrsid16282600\charrsid4877246 \hich\af0\dbch\af37\loch\f0 (2008) CKLC 47, App 3/2008, 26 September 2008 at [47].}}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid12923520 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid16282600 \hich\af0\dbch\af37\loch\f0 [28]\tab}}\pard \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid553079 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid16282600 \hich\af0\dbch\af37\loch\f0 I }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid553079 
\hich\af0\dbch\af37\loch\f0 dealt}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid10692282 \hich\af0\dbch\af37\loch\f0  with similar arguments in }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid553079 \hich\af0\dbch\af37\loch\f0 a 2015 decision relating to }
{\rtlch\fcs1 \af0 \ltrch\fcs0 \i\f0\fs24\insrsid553079 \hich\af0\dbch\af37\loch\f0 Are Tamanu Villas}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid16392223 \hich\af0\dbch\af37\loch\f0  in a s 4}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid16282600 0}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid16392223 \hich\af0\dbch\af37\loch\f0 9}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid16282600 \hich\af0\dbch\af37\loch\f0 B application to fix rental under a lease. Counsel had argued }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid553079 \hich\af0\dbch\af37\loch\f0 that the Court could }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid27533 \hich\af0\dbch\af37\loch\f0 use}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid553079 \hich\af0\dbch\af37\loch\f0 
\hich\f0  s 409B to \'93\loch\f0 \hich\f0 overlook or alter\'94\loch\f0  the terms of a lease}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid27533 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid553079 
\hich\af0\dbch\af37\loch\f0 and }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid16282600 \hich\af0\dbch\af37\loch\f0 apply a valuation method other \hich\af0\dbch\af37\loch\f0 than that stipulated in the lease. }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid27533 \hich\af0\dbch\af37\loch\f0 I }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid16282600 \hich\af0\dbch\af37\loch\f0 repeat my conclusion below as it applies equally to the arguments made before me in this case:}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid553079 
\par }\pard\plain \ltrpar\qj \li1440\ri0\sb240\sa240\sl360\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid27533 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \f0\fs22\insrsid16392223 \loch\af0\dbch\af37\hich\f0 \'85\loch\f0 I do not accept that [s 409}{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 
\f0\fs22\insrsid27533\charrsid27533 \hich\af0\dbch\af37\loch\f0 B] contemplates the Court meddling in the commercial transactions that the parties have entered \hich\af0\dbch\af37\loch\f0 \hich\f0 into with their eyes open\'85\loch\f0 
 As I read the section this confers a jurisdiction on the Court exercisable, notwithstanding any ouster or fetter on the Court which could arise, perhaps per medium of an arbitration clause or possibly where a method of valuation
\hich\af0\dbch\af37\loch\f0  \hich\af0\dbch\af37\loch\f0 was impossible to achieve or calculate. But in most cases the Court will honour the contract.}{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \f0\fs22\insrsid27533 
\par }\pard \ltrpar\qj \li1440\ri0\sb240\sa240\sl360\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin1440\itap0\pararsid3937098 {\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \f0\fs22\insrsid27533 \hich\af0\dbch\af37\loch\f0 
The second point to be made is that I do not have any sufficient evidence as would }{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \f0\fs22\insrsid3937098 \hich\af0\dbch\af37\loch\f0 support the suggestion of economic devastation caused by this interpretation of
\hich\af0\dbch\af37\loch\f0  this particu}{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \f0\fs22\insrsid15734876 \hich\af0\dbch\af37\loch\f0 lar contract. It would take much}{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \f0\fs22\insrsid3937098 \hich\af0\dbch\af37\loch\f0 
 stronger wording than this to convince me that the Court has the jurisdiction in an ordinary run of the mill case such as this, to in effect, amend a lease.}{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \f0\fs22\insrsid3937098\charrsid27533 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid4090591 \hich\af0\dbch\af37\loch\f0 [29]\tab}}\pard\plain \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid4090591 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs22\lang5129\langfe5129\loch\af1\hich\af1\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid4090591 \hich\af0\dbch\af37\loch\f0 The applicant seeks an order of the Court pursuant to\hich\af0\dbch\af37\loch\f0  \hich\f0 \lquote \loch\f0 option c\hich\f0 \rquote \loch\f0  referred to in paragraph [6] of this judgment. }
{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4998843 \hich\af0\dbch\af37\loch\f0 \hich\f0 Such an order would use s 409B to increase the rental paid by Aquarius by taking into account the ending of the \'93\loch\f0 \hich\f0 special relationship\'94
\loch\f0  between the parties and other factors such as the parties}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid742864 \loch\af0\dbch\af37\hich\f0 \rquote \loch\f0  con\hich\af0\dbch\af37\loch\f0 duct.}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid4998843 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid4090591 \hich\af0\dbch\af37\loch\f0 [30]\tab}}\pard \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid15754074 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4090591 \hich\af0\dbch\af37\loch\f0 I do not accept that s 409B gives me jurisdiction to re-write t}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid15754074 \hich\af0\dbch\af37\loch\f0 he contract and I do not accept}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4090591\charrsid15754074 \hich\af0\dbch\af37\loch\f0 
 that the interplay between the parties as to shareholding is at all relevant to my task to fix current market rental. The exercise to be undertaken is to be objective and other contractual arrangements between the parties cannot alter the market.}{
\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid15754074\charrsid15754074 \hich\af0\dbch\af37\loch\f0  Neither \hich\af0\dbch\af37\loch\f0 do I accept that I can }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid15754074 \hich\af0\dbch\af37\loch\f0 
use s 409B to }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid15754074\charrsid15754074 \hich\af0\dbch\af37\loch\f0 reduce the rental, as }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid15754074 \hich\af0\dbch\af37\loch\f0 is }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid15754074\charrsid15754074 \hich\af0\dbch\af37\loch\f0 sought by the respondent, in the face of a contractual arrangement where the parties have agreed that this should not happen.}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid4090591\charrsid15754074 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid12745174 \hich\af0\dbch\af37\loch\f0 [31]\tab}}\pard \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid4090591 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid12745174 \hich\af0\dbch\af37\loch\f0 I note that n}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid15734876 
\hich\af0\dbch\af37\loch\f0 either party provided }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4090591 \hich\af0\dbch\af37\loch\f0 adequate}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid15734876 \hich\af0\dbch\af37\loch\f0  evidence from which I co
\hich\af0\dbch\af37\loch\f0 uld }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4090591 \hich\af0\dbch\af37\loch\f0 fix}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid15734876 \hich\af0\dbch\af37\loch\f0  rent }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid4090591 \hich\af0\dbch\af37\loch\f0 on the basis of }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid9712440 \hich\af0\dbch\af37\loch\f0 comparative }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4090591 \hich\af0\dbch\af37\loch\f0 market }{
\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid9712440 \hich\af0\dbch\af37\loch\f0 rental}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4090591 \hich\af0\dbch\af37\loch\f0 s}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid9712440 \hich\af0\dbch\af37\loch\f0 
. Counsel for the respondent relied on Mr McElhinney\hich\f0 \rquote \loch\f0 s affidavit to suggest that the $3,749 per month currently paid by Aquarius is far in excess of what has been paid for similar leases in the Cook Is\hich\af0\dbch\af37\loch\f0 
lands in the past.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4090591 \hich\af0\dbch\af37\loch\f0  Mr Eggleton\hich\f0 \rquote \loch\f0 \hich\f0 s email was provided in support of the proposition that the 2.5% gross income formula would produce a \'93
\loch\f0 \hich\f0 fairer rent\'94\loch\f0  going forward. }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid3824405\charrsid4090591 \hich\af0\dbch\af37\loch\f0 \hich\f0 Mr Eggleton stated that even 2.5% of gross income is \'93\loch\f0 \hich\f0 
on the higher side of property rentals\'94\loch\f0  \hich\af0\dbch\af37\loch\f0 and any increase in rent would be untenab}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4090591 \hich\af0\dbch\af37\loch\f0 le for the respondent business.}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid3824405\charrsid4090591 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid4489195 \hich\af0\dbch\af37\loch\f0 [32]\tab}}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4489195 \hich\af0\dbch\af37\loch\f0 
The applicant called no evidence}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4090591 \hich\af0\dbch\af37\loch\f0 
 to support his argument for increased rent. The evidence provided by the respondent is the only evidence I have. Mr McElhinney was cross-examined on h\hich\af0\dbch\af37\loch\f0 
is affidavit but, I must say, with no effect. The only other information I have is that which was received in evidence from Mr Eggleton. In light of the lack of evidence}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4489195\charrsid4489195 
\hich\af0\dbch\af37\loch\f0 , there is no basis upon which I could increase the rental.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4090591\charrsid4090591 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid15543479\charrsid4090591 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid4090591 \hich\af0\dbch\af37\loch\f0 [33]\tab}}\pard \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid1262321 {\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4090591 \hich\af0\dbch\af37\loch\f0 T}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid13462676 
\hich\af0\dbch\af37\loch\f0 his is an elderly file wh\hich\af0\dbch\af37\loch\f0 ich became lost and forgotten. I am}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid8982589 \hich\af0\dbch\af37\loch\f0  not sure }{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid13462676 \hich\af0\dbch\af37\loch\f0 what the explanation }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid8982589 \hich\af0\dbch\af37\loch\f0 for this is, but I am somewhat r}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid4090591 
\hich\af0\dbch\af37\loch\f0 elieved}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid8982589 \hich\af0\dbch\af37\loch\f0 
 that the result of this case is that no-one has been prejudiced by the delay, for rent has continued to be paid, I believe, at the appropriate rate an\hich\af0\dbch\af37\loch\f0 d over the appropriate period.}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid15754074 
\par }\pard\plain \ltrpar\ql \li0\ri0\sa160\sl259\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 
\fs24\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid742864 \page 
\par }\pard \ltrpar\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid15754074 {\rtlch\fcs1 \af0 \ltrch\fcs0 \b\f0\insrsid1262321\charrsid15754074 \hich\af0\dbch\af37\loch\f0 
Decision}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\insrsid1262321\charrsid15754074 
\par {\listtext\pard\plain\ltrpar \s15 \rtlch\fcs1 \af0 \ltrch\fcs0 \lang5129\langfe5129\dbch\af37\langnp5129\langfenp5129\insrsid8982589 \hich\af0\dbch\af37\loch\f0 [34]\tab}}\pard\plain \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar
\jclisttab\tx709\wrapdefault\aspalpha\aspnum\faauto\ls1\adjustright\rin0\lin0\itap0\pararsid8982589 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs22\lang5129\langfe5129\loch\af1\hich\af1\dbch\af37\cgrid\langnp5129\langfenp5129 {\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid8982589 \hich\af0\dbch\af37\loch\f0 The application is dismissed.}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid15543479\charrsid8982589 
\par }\pard \ltrpar\s15\qj \li0\ri0\sb240\sa240\sl360\slmult1\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7885753 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7885753\charrsid3699971 \tab \tab \tab \tab }{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid7885753\charrsid3022647 
\par }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid8982589 \hich\af0\dbch\af37\loch\f0 Dated at Wellington}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7885753\charrsid3022647 \hich\af0\dbch\af37\loch\f0 , New Zealand this}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid7885753 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid12473590 \hich\af0\dbch\af37\loch\f0 23}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\super\insrsid12473590 \hich\af0\dbch\af37\loch\f0 rd}{\rtlch\fcs1 \af0 
\ltrch\fcs0 \f0\fs24\insrsid4090591 \hich\af0\dbch\af37\loch\f0  }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7885753\charrsid3022647 \hich\af0\dbch\af37\loch\f0 day of}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7885753 \hich\af0\dbch\af37\loch\f0 
 January }{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7885753\charrsid3022647 \hich\af0\dbch\af37\loch\f0 201}{\rtlch\fcs1 \af0 \ltrch\fcs0 \f0\fs24\insrsid7885753 \hich\af0\dbch\af37\loch\f0 9}{\rtlch\fcs1 \af0 \ltrch\fcs0 
\f0\fs24\insrsid7885753\charrsid3022647 .}{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \f0\insrsid7885753\charrsid14226335 
\par }\pard\plain \ltrpar\qj \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0\pararsid7885753 \rtlch\fcs1 \af0\afs24\alang1025 \ltrch\fcs0 \fs24\lang5129\langfe5129\loch\af37\hich\af37\dbch\af37\cgrid\langnp5129\langfenp5129 {
\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \f0\fs22\insrsid7885753 
\par 
\par 
\par 
\par \hich\af0\dbch\af37\loch\f0 _____________ }{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \f0\fs22\ul\insrsid7885753\charrsid14226335 
\par }{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \f0\fs22\insrsid7885753 \hich\af0\dbch\af37\loch\f0 P J Savage}{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \f0\fs22\insrsid7885753\charrsid14226335 
\par }{\rtlch\fcs1 \af0\afs22 \ltrch\fcs0 \b\f0\fs22\insrsid7885753\charrsid14226335 \hich\af0\dbch\af37\loch\f0 JUSTICE
\par }\pard \ltrpar\ql \li0\ri0\widctlpar\wrapdefault\aspalpha\aspnum\faauto\adjustright\rin0\lin0\itap0 {\rtlch\fcs1 \af0 \ltrch\fcs0 \insrsid7885753 
\par }{\*\themedata 504b030414000600080000002100e9de0fbfff0000001c020000130000005b436f6e74656e745f54797065735d2e786d6cac91cb4ec3301045f748fc83e52d4a
9cb2400825e982c78ec7a27cc0c8992416c9d8b2a755fbf74cd25442a820166c2cd933f79e3be372bd1f07b5c3989ca74aaff2422b24eb1b475da5df374fd9ad
5689811a183c61a50f98f4babebc2837878049899a52a57be670674cb23d8e90721f90a4d2fa3802cb35762680fd800ecd7551dc18eb899138e3c943d7e503b6
b01d583deee5f99824e290b4ba3f364eac4a430883b3c092d4eca8f946c916422ecab927f52ea42b89a1cd59c254f919b0e85e6535d135a8de20f20b8c12c3b0
0c895fcf6720192de6bf3b9e89ecdbd6596cbcdd8eb28e7c365ecc4ec1ff1460f53fe813d3cc7f5b7f020000ffff0300504b030414000600080000002100a5d6
a7e7c0000000360100000b0000005f72656c732f2e72656c73848fcf6ac3300c87ef85bd83d17d51d2c31825762fa590432fa37d00e1287f68221bdb1bebdb4f
c7060abb0884a4eff7a93dfeae8bf9e194e720169aaa06c3e2433fcb68e1763dbf7f82c985a4a725085b787086a37bdbb55fbc50d1a33ccd311ba548b6309512
0f88d94fbc52ae4264d1c910d24a45db3462247fa791715fd71f989e19e0364cd3f51652d73760ae8fa8c9ffb3c330cc9e4fc17faf2ce545046e37944c69e462
a1a82fe353bd90a865aad41ed0b5b8f9d6fd010000ffff0300504b0304140006000800000021006b799616830000008a0000001c0000007468656d652f746865
6d652f7468656d654d616e616765722e786d6c0ccc4d0ac3201040e17da17790d93763bb284562b2cbaebbf600439c1a41c7a0d29fdbd7e5e38337cedf14d59b
4b0d592c9c070d8a65cd2e88b7f07c2ca71ba8da481cc52c6ce1c715e6e97818c9b48d13df49c873517d23d59085adb5dd20d6b52bd521ef2cdd5eb9246a3d8b
4757e8d3f729e245eb2b260a0238fd010000ffff0300504b030414000600080000002100b6f4679893070000c9200000160000007468656d652f7468656d652f
7468656d65312e786d6cec59cd8b1bc915bf07f23f347d97f5d5ad8fc1f2a24fcfda33b6b164873dd648a5eef2547789aad28cc56208de532e81c026e49085bd
ed21842cecc22eb9e48f31d8249b3f22afaa5bdd5552c99e191c3061463074977eefd5afde7bf5de53d5ddcf5e26d4bbc05c1096f6fcfa9d9aefe174ce16248d
7afeb3d9a4d2f13d2151ba4094a5b8e76fb0f03fbbf7eb5fdd454732c609f6403e1547a8e7c752ae8eaa5531876124eeb0154ee1bb25e30992f0caa3ea82a34b
d09bd06aa3566b55134452df4b51026a1f2f97648ebd9952e9dfdb2a1f53784da5500373caa74a35b6243476715e5708b11143cabd0b447b3eccb3609733fc52
fa1e4542c2173dbfa6fffceabdbb5574940b517940d6909be8bf5c2e17589c37f49c3c3a2b260d823068f50bfd1a40e53e6edc1eb7c6ad429f06a0f91c569a71
b175b61bc320c71aa0ecd1a17bd41e35eb16ded0dfdce3dc0fd5c7c26b50a63fd8c34f2643b0a285d7a00c1feee1c3417730b2f56b50866fede1dbb5fe28685b
fa3528a6243ddf43d7c25673b85d6d0159327aec8477c360d26ee4ca4b144443115d6a8a254be5a1584bd00bc6270050408a24493db959e1259a43140f112567
9c7827248a21f056286502866b8ddaa4d684ffea13e827ed5174849121ad780113b137a4f87862cec94af6fc07a0d537206f7ffef9cdeb1fdfbcfee9cd575fbd
79fdf77c6eadca923b466964cafdf2dd1ffef3cd6fbd7ffff0ed2f5fff319b7a172f4cfcbbbffdeedd3ffef93ef5b0e2d2146ffff4fdbb1fbf7ffbe7dfffebaf
5f3bb4f7393a33e1339260e13dc297de5396c0021dfcf119bf9ec42c46c494e8a791402952b338f48f656ca11f6d10450edc00db767cce21d5b880f7d72f2cc2
d398af2571687c182716f094313a60dc6985876a2ec3ccb3751ab927e76b13f714a10bd7dc43945a5e1eaf579063894be530c616cd2714a5124538c5d253dfb1
738c1dabfb8210cbaea764ce99604be97d41bc01224e93ccc899154da5d03149c02f1b1741f0b7659bd3e7de8051d7aa47f8c246c2de40d4417e86a965c6fb68
2d51e252394309350d7e8264ec2239ddf0b9891b0b099e8e3065de78818570c93ce6b05ec3e90f21cdb8dd7e4a37898de4929cbb749e20c64ce4889d0f6394ac
5cd829496313fbb938871045de13265df05366ef10f50e7e40e941773f27d872f787b3c133c8b026a53240d4376beef0e57dccacf89d6ee8126157aae9f3c44a
b17d4e9cd131584756689f604cd1255a60ec3dfbdcc160c05696cd4bd20f62c82ac7d815580f901dabea3dc5027a25d5dcece7c91322ac909de2881de073bad9
493c1b9426881fd2fc08bc6eda7c0ca52e7105c0633a3f37818f08f480102f4ea33c16a0c308ee835a9fc4c82a60ea5db8e375c32dff5d658fc1be7c61d1b8c2
be04197c6d1948eca6cc7b6d3343d49aa00c9819822ec3956e41c4727f29a28aab165b3be596f6a62ddd00dd91d5f42424fd6007b4d3fb84ffbbde073a8cb77f
f9c6b10f3e4ebfe3566c25ab6b763a8792c9f14e7f7308b7dbd50c195f904fbfa919a175fa04431dd9cf58b73dcd6d4fe3ffdff73487f6f36d2773a8dfb8ed64
7ce8306e3b99fc70e5e3743265f3027d8d3af0c80e7af4b14f72f0d46749289dca0dc527421ffc08f83db398c0a092d3279eb838055cc5f0a8ca1c4c60e1228e
b48cc799fc0d91f134462b381daafb4a492472d591f0564cc0a1911e76ea5678ba4e4ed9223becacd7d5c16656590592e5782d2cc6e1a04a66e856bb3cc02bd4
6bb6913e68dd1250b2d721614c6693683a48b4b783ca48fa58178ce620a157f65158741d2c3a4afdd6557b2c805ae115f8c1edc1cff49e1f06200242701e07cd
f942f92973f5d6bbda991fd3d3878c69450034d8db08283ddd555c0f2e4fad2e0bb52b78da2261849b4d425b46377822869fc17974aad1abd0b8aeafbba54b2d
7aca147a3e08ad9246bbf33e1637f535c8ede6069a9a9982a6de65cf6f35430899395af5fc251c1ac363b282d811ea3717a211dcbccc25cf36fc4d32cb8a0b39
4222ce0cae934e960d122231f728497abe5a7ee1069aea1ca2b9d51b90103e59725d482b9f1a3970baed64bc5ce2b934dd6e8c284b67af90e1b35ce1fc568bdf
1cac24d91adc3d8d1797de195df3a708422c6cd795011744c0dd413db3e682c0655891c8caf8db294c79da356fa3740c65e388ae62945714339967709dca0b3a
faadb081f196af190c6a98242f8467912ab0a651ad6a5a548d8cc3c1aafb6121653923699635d3ca2aaa6abab39835c3b60cecd8f26645de60b53531e434b3c2
67a97b37e576b7b96ea74f28aa0418bcb09fa3ea5ea12018d4cac92c6a8af17e1a56393b1fb56bc776811fa07695226164fdd656ed8edd8a1ae19c0e066f54f9
416e376a6168b9ed2bb5a5f5adb979b1cdce5e40f2184197bba6526857c2c92e47d0104d754f92a50dd8222f65be35e0c95b73d2f3bfac85fd60d80887955a27
1c57826650ab74c27eb3d20fc3667d1cd66ba341e31514161927f530bbb19fc00506dde4f7f67a7cefee3ed9ded1dc99b3a4caf4dd7c5513d777f7f5c6e1bb7b
8f40d2f9b2d598749bdd41abd26df627956034e854bac3d6a0326a0ddba3c9681876ba9357be77a1c141bf390c5ae34ea5551f0e2b41aba6e877ba9576d068f4
8376bf330efaaff23606569ea58fdc16605ecdebde7f010000ffff0300504b0304140006000800000021000dd1909fb60000001b010000270000007468656d65
2f7468656d652f5f72656c732f7468656d654d616e616765722e786d6c2e72656c73848f4d0ac2301484f78277086f6fd3ba109126dd88d0add40384e4350d36
3f2451eced0dae2c082e8761be9969bb979dc9136332de3168aa1a083ae995719ac16db8ec8e4052164e89d93b64b060828e6f37ed1567914b284d262452282e
3198720e274a939cd08a54f980ae38a38f56e422a3a641c8bbd048f7757da0f19b017cc524bd62107bd5001996509affb3fd381a89672f1f165dfe514173d985
0528a2c6cce0239baa4c04ca5bbabac4df000000ffff0300504b01022d0014000600080000002100e9de0fbfff0000001c020000130000000000000000000000
0000000000005b436f6e74656e745f54797065735d2e786d6c504b01022d0014000600080000002100a5d6a7e7c0000000360100000b00000000000000000000
000000300100005f72656c732f2e72656c73504b01022d00140006000800000021006b799616830000008a0000001c0000000000000000000000000019020000
7468656d652f7468656d652f7468656d654d616e616765722e786d6c504b01022d0014000600080000002100b6f4679893070000c92000001600000000000000
000000000000d60200007468656d652f7468656d652f7468656d65312e786d6c504b01022d00140006000800000021000dd1909fb60000001b01000027000000
000000000000000000009d0a00007468656d652f7468656d652f5f72656c732f7468656d654d616e616765722e786d6c2e72656c73504b050600000000050005005d010000980b00000000}
{\*\colorschememapping 3c3f786d6c2076657273696f6e3d22312e302220656e636f64696e673d225554462d3822207374616e64616c6f6e653d22796573223f3e0d0a3c613a636c724d
617020786d6c6e733a613d22687474703a2f2f736368656d61732e6f70656e786d6c666f726d6174732e6f72672f64726177696e676d6c2f323030362f6d6169
6e22206267313d226c743122207478313d22646b3122206267323d226c743222207478323d22646b322220616363656e74313d22616363656e74312220616363
656e74323d22616363656e74322220616363656e74333d22616363656e74332220616363656e74343d22616363656e74342220616363656e74353d22616363656e74352220616363656e74363d22616363656e74362220686c696e6b3d22686c696e6b2220666f6c486c696e6b3d22666f6c486c696e6b222f3e}
{\*\latentstyles\lsdstimax371\lsdlockeddef0\lsdsemihiddendef0\lsdunhideuseddef0\lsdqformatdef0\lsdprioritydef99{\lsdlockedexcept \lsdqformat1 \lsdpriority0 \lsdlocked0 Normal;\lsdqformat1 \lsdpriority9 \lsdlocked0 heading 1;
\lsdsemihidden1 \lsdunhideused1 \lsdqformat1 \lsdpriority9 \lsdlocked0 heading 2;\lsdsemihidden1 \lsdunhideused1 \lsdqformat1 \lsdpriority9 \lsdlocked0 heading 3;\lsdsemihidden1 \lsdunhideused1 \lsdqformat1 \lsdpriority9 \lsdlocked0 heading 4;
\lsdsemihidden1 \lsdunhideused1 \lsdqformat1 \lsdpriority9 \lsdlocked0 heading 5;\lsdsemihidden1 \lsdunhideused1 \lsdqformat1 \lsdpriority9 \lsdlocked0 heading 6;\lsdsemihidden1 \lsdunhideused1 \lsdqformat1 \lsdpriority9 \lsdlocked0 heading 7;
\lsdsemihidden1 \lsdunhideused1 \lsdqformat1 \lsdpriority9 \lsdlocked0 heading 8;\lsdsemihidden1 \lsdunhideused1 \lsdqformat1 \lsdpriority9 \lsdlocked0 heading 9;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 index 1;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 index 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 index 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 index 4;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 index 5;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 index 6;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 index 7;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 index 8;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 index 9;
\lsdsemihidden1 \lsdunhideused1 \lsdpriority39 \lsdlocked0 toc 1;\lsdsemihidden1 \lsdunhideused1 \lsdpriority39 \lsdlocked0 toc 2;\lsdsemihidden1 \lsdunhideused1 \lsdpriority39 \lsdlocked0 toc 3;
\lsdsemihidden1 \lsdunhideused1 \lsdpriority39 \lsdlocked0 toc 4;\lsdsemihidden1 \lsdunhideused1 \lsdpriority39 \lsdlocked0 toc 5;\lsdsemihidden1 \lsdunhideused1 \lsdpriority39 \lsdlocked0 toc 6;
\lsdsemihidden1 \lsdunhideused1 \lsdpriority39 \lsdlocked0 toc 7;\lsdsemihidden1 \lsdunhideused1 \lsdpriority39 \lsdlocked0 toc 8;\lsdsemihidden1 \lsdunhideused1 \lsdpriority39 \lsdlocked0 toc 9;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Normal Indent;
\lsdsemihidden1 \lsdunhideused1 \lsdpriority0 \lsdlocked0 footnote text;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 annotation text;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 header;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 footer;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 index heading;\lsdsemihidden1 \lsdunhideused1 \lsdqformat1 \lsdpriority35 \lsdlocked0 caption;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 table of figures;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 envelope address;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 envelope return;\lsdsemihidden1 \lsdunhideused1 \lsdpriority0 \lsdlocked0 footnote reference;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 annotation reference;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 line number;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 page number;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 endnote reference;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 endnote text;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 table of authorities;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 macro;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 toa heading;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Bullet;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Number;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List 2;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List 4;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List 5;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Bullet 2;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Bullet 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Bullet 4;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Bullet 5;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Number 2;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Number 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Number 4;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Number 5;\lsdqformat1 \lsdpriority10 \lsdlocked0 Title;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Closing;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Signature;\lsdsemihidden1 \lsdunhideused1 \lsdpriority1 \lsdlocked0 Default Paragraph Font;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Body Text;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Body Text Indent;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Continue;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Continue 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Continue 3;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Continue 4;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 List Continue 5;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Message Header;\lsdqformat1 \lsdpriority11 \lsdlocked0 Subtitle;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Salutation;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Date;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Body Text First Indent;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Body Text First Indent 2;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Note Heading;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Body Text 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Body Text 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Body Text Indent 2;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Body Text Indent 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Block Text;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Hyperlink;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 FollowedHyperlink;
\lsdqformat1 \lsdpriority22 \lsdlocked0 Strong;\lsdqformat1 \lsdpriority20 \lsdlocked0 Emphasis;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Document Map;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Plain Text;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 E-mail Signature;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Top of Form;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Bottom of Form;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Normal (Web);
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Acronym;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Address;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Cite;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Code;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Definition;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Keyboard;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Preformatted;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Sample;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Typewriter;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 HTML Variable;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Normal Table;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 annotation subject;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 No List;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Outline List 1;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Outline List 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Outline List 3;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Simple 1;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Simple 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Simple 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Classic 1;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Classic 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Classic 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Classic 4;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Colorful 1;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Colorful 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Colorful 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Columns 1;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Columns 2;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Columns 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Columns 4;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Columns 5;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Grid 1;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Grid 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Grid 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Grid 4;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Grid 5;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Grid 6;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Grid 7;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Grid 8;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table List 1;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table List 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table List 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table List 4;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table List 5;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table List 6;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table List 7;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table List 8;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table 3D effects 1;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table 3D effects 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table 3D effects 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Contemporary;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Elegant;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Professional;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Subtle 1;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Subtle 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Web 1;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Web 2;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Web 3;\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Balloon Text;\lsdpriority39 \lsdlocked0 Table Grid;
\lsdsemihidden1 \lsdunhideused1 \lsdlocked0 Table Theme;\lsdsemihidden1 \lsdlocked0 Placeholder Text;\lsdqformat1 \lsdpriority1 \lsdlocked0 No Spacing;\lsdpriority60 \lsdlocked0 Light Shading;\lsdpriority61 \lsdlocked0 Light List;
\lsdpriority62 \lsdlocked0 Light Grid;\lsdpriority63 \lsdlocked0 Medium Shading 1;\lsdpriority64 \lsdlocked0 Medium Shading 2;\lsdpriority65 \lsdlocked0 Medium List 1;\lsdpriority66 \lsdlocked0 Medium List 2;\lsdpriority67 \lsdlocked0 Medium Grid 1;
\lsdpriority68 \lsdlocked0 Medium Grid 2;\lsdpriority69 \lsdlocked0 Medium Grid 3;\lsdpriority70 \lsdlocked0 Dark List;\lsdpriority71 \lsdlocked0 Colorful Shading;\lsdpriority72 \lsdlocked0 Colorful List;\lsdpriority73 \lsdlocked0 Colorful Grid;
\lsdpriority60 \lsdlocked0 Light Shading Accent 1;\lsdpriority61 \lsdlocked0 Light List Accent 1;\lsdpriority62 \lsdlocked0 Light Grid Accent 1;\lsdpriority63 \lsdlocked0 Medium Shading 1 Accent 1;\lsdpriority64 \lsdlocked0 Medium Shading 2 Accent 1;
\lsdpriority65 \lsdlocked0 Medium List 1 Accent 1;\lsdsemihidden1 \lsdlocked0 Revision;\lsdqformat1 \lsdpriority34 \lsdlocked0 List Paragraph;\lsdqformat1 \lsdpriority29 \lsdlocked0 Quote;\lsdqformat1 \lsdpriority30 \lsdlocked0 Intense Quote;
\lsdpriority66 \lsdlocked0 Medium List 2 Accent 1;\lsdpriority67 \lsdlocked0 Medium Grid 1 Accent 1;\lsdpriority68 \lsdlocked0 Medium Grid 2 Accent 1;\lsdpriority69 \lsdlocked0 Medium Grid 3 Accent 1;\lsdpriority70 \lsdlocked0 Dark List Accent 1;
\lsdpriority71 \lsdlocked0 Colorful Shading Accent 1;\lsdpriority72 \lsdlocked0 Colorful List Accent 1;\lsdpriority73 \lsdlocked0 Colorful Grid Accent 1;\lsdpriority60 \lsdlocked0 Light Shading Accent 2;\lsdpriority61 \lsdlocked0 Light List Accent 2;
\lsdpriority62 \lsdlocked0 Light Grid Accent 2;\lsdpriority63 \lsdlocked0 Medium Shading 1 Accent 2;\lsdpriority64 \lsdlocked0 Medium Shading 2 Accent 2;\lsdpriority65 \lsdlocked0 Medium List 1 Accent 2;\lsdpriority66 \lsdlocked0 Medium List 2 Accent 2;
\lsdpriority67 \lsdlocked0 Medium Grid 1 Accent 2;\lsdpriority68 \lsdlocked0 Medium Grid 2 Accent 2;\lsdpriority69 \lsdlocked0 Medium Grid 3 Accent 2;\lsdpriority70 \lsdlocked0 Dark List Accent 2;\lsdpriority71 \lsdlocked0 Colorful Shading Accent 2;
\lsdpriority72 \lsdlocked0 Colorful List Accent 2;\lsdpriority73 \lsdlocked0 Colorful Grid Accent 2;\lsdpriority60 \lsdlocked0 Light Shading Accent 3;\lsdpriority61 \lsdlocked0 Light List Accent 3;\lsdpriority62 \lsdlocked0 Light Grid Accent 3;
\lsdpriority63 \lsdlocked0 Medium Shading 1 Accent 3;\lsdpriority64 \lsdlocked0 Medium Shading 2 Accent 3;\lsdpriority65 \lsdlocked0 Medium List 1 Accent 3;\lsdpriority66 \lsdlocked0 Medium List 2 Accent 3;
\lsdpriority67 \lsdlocked0 Medium Grid 1 Accent 3;\lsdpriority68 \lsdlocked0 Medium Grid 2 Accent 3;\lsdpriority69 \lsdlocked0 Medium Grid 3 Accent 3;\lsdpriority70 \lsdlocked0 Dark List Accent 3;\lsdpriority71 \lsdlocked0 Colorful Shading Accent 3;
\lsdpriority72 \lsdlocked0 Colorful List Accent 3;\lsdpriority73 \lsdlocked0 Colorful Grid Accent 3;\lsdpriority60 \lsdlocked0 Light Shading Accent 4;\lsdpriority61 \lsdlocked0 Light List Accent 4;\lsdpriority62 \lsdlocked0 Light Grid Accent 4;
\lsdpriority63 \lsdlocked0 Medium Shading 1 Accent 4;\lsdpriority64 \lsdlocked0 Medium Shading 2 Accent 4;\lsdpriority65 \lsdlocked0 Medium List 1 Accent 4;\lsdpriority66 \lsdlocked0 Medium List 2 Accent 4;
\lsdpriority67 \lsdlocked0 Medium Grid 1 Accent 4;\lsdpriority68 \lsdlocked0 Medium Grid 2 Accent 4;\lsdpriority69 \lsdlocked0 Medium Grid 3 Accent 4;\lsdpriority70 \lsdlocked0 Dark List Accent 4;\lsdpriority71 \lsdlocked0 Colorful Shading Accent 4;
\lsdpriority72 \lsdlocked0 Colorful List Accent 4;\lsdpriority73 \lsdlocked0 Colorful Grid Accent 4;\lsdpriority60 \lsdlocked0 Light Shading Accent 5;\lsdpriority61 \lsdlocked0 Light List Accent 5;\lsdpriority62 \lsdlocked0 Light Grid Accent 5;
\lsdpriority63 \lsdlocked0 Medium Shading 1 Accent 5;\lsdpriority64 \lsdlocked0 Medium Shading 2 Accent 5;\lsdpriority65 \lsdlocked0 Medium List 1 Accent 5;\lsdpriority66 \lsdlocked0 Medium List 2 Accent 5;
\lsdpriority67 \lsdlocked0 Medium Grid 1 Accent 5;\lsdpriority68 \lsdlocked0 Medium Grid 2 Accent 5;\lsdpriority69 \lsdlocked0 Medium Grid 3 Accent 5;\lsdpriority70 \lsdlocked0 Dark List Accent 5;\lsdpriority71 \lsdlocked0 Colorful Shading Accent 5;
\lsdpriority72 \lsdlocked0 Colorful List Accent 5;\lsdpriority73 \lsdlocked0 Colorful Grid Accent 5;\lsdpriority60 \lsdlocked0 Light Shading Accent 6;\lsdpriority61 \lsdlocked0 Light List Accent 6;\lsdpriority62 \lsdlocked0 Light Grid Accent 6;
\lsdpriority63 \lsdlocked0 Medium Shading 1 Accent 6;\lsdpriority64 \lsdlocked0 Medium Shading 2 Accent 6;\lsdpriority65 \lsdlocked0 Medium List 1 Accent 6;\lsdpriority66 \lsdlocked0 Medium List 2 Accent 6;
\lsdpriority67 \lsdlocked0 Medium Grid 1 Accent 6;\lsdpriority68 \lsdlocked0 Medium Grid 2 Accent 6;\lsdpriority69 \lsdlocked0 Medium Grid 3 Accent 6;\lsdpriority70 \lsdlocked0 Dark List Accent 6;\lsdpriority71 \lsdlocked0 Colorful Shading Accent 6;
\lsdpriority72 \lsdlocked0 Colorful List Accent 6;\lsdpriority73 \lsdlocked0 Colorful Grid Accent 6;\lsdqformat1 \lsdpriority19 \lsdlocked0 Subtle Emphasis;\lsdqformat1 \lsdpriority21 \lsdlocked0 Intense Emphasis;
\lsdqformat1 \lsdpriority31 \lsdlocked0 Subtle Reference;\lsdqformat1 \lsdpriority32 \lsdlocked0 Intense Reference;\lsdqformat1 \lsdpriority33 \lsdlocked0 Book Title;\lsdsemihidden1 \lsdunhideused1 \lsdpriority37 \lsdlocked0 Bibliography;
\lsdsemihidden1 \lsdunhideused1 \lsdqformat1 \lsdpriority39 \lsdlocked0 TOC Heading;\lsdpriority41 \lsdlocked0 Plain Table 1;\lsdpriority42 \lsdlocked0 Plain Table 2;\lsdpriority43 \lsdlocked0 Plain Table 3;\lsdpriority44 \lsdlocked0 Plain Table 4;
\lsdpriority45 \lsdlocked0 Plain Table 5;\lsdpriority40 \lsdlocked0 Grid Table Light;\lsdpriority46 \lsdlocked0 Grid Table 1 Light;\lsdpriority47 \lsdlocked0 Grid Table 2;\lsdpriority48 \lsdlocked0 Grid Table 3;\lsdpriority49 \lsdlocked0 Grid Table 4;
\lsdpriority50 \lsdlocked0 Grid Table 5 Dark;\lsdpriority51 \lsdlocked0 Grid Table 6 Colorful;\lsdpriority52 \lsdlocked0 Grid Table 7 Colorful;\lsdpriority46 \lsdlocked0 Grid Table 1 Light Accent 1;\lsdpriority47 \lsdlocked0 Grid Table 2 Accent 1;
\lsdpriority48 \lsdlocked0 Grid Table 3 Accent 1;\lsdpriority49 \lsdlocked0 Grid Table 4 Accent 1;\lsdpriority50 \lsdlocked0 Grid Table 5 Dark Accent 1;\lsdpriority51 \lsdlocked0 Grid Table 6 Colorful Accent 1;
\lsdpriority52 \lsdlocked0 Grid Table 7 Colorful Accent 1;\lsdpriority46 \lsdlocked0 Grid Table 1 Light Accent 2;\lsdpriority47 \lsdlocked0 Grid Table 2 Accent 2;\lsdpriority48 \lsdlocked0 Grid Table 3 Accent 2;
\lsdpriority49 \lsdlocked0 Grid Table 4 Accent 2;\lsdpriority50 \lsdlocked0 Grid Table 5 Dark Accent 2;\lsdpriority51 \lsdlocked0 Grid Table 6 Colorful Accent 2;\lsdpriority52 \lsdlocked0 Grid Table 7 Colorful Accent 2;
\lsdpriority46 \lsdlocked0 Grid Table 1 Light Accent 3;\lsdpriority47 \lsdlocked0 Grid Table 2 Accent 3;\lsdpriority48 \lsdlocked0 Grid Table 3 Accent 3;\lsdpriority49 \lsdlocked0 Grid Table 4 Accent 3;
\lsdpriority50 \lsdlocked0 Grid Table 5 Dark Accent 3;\lsdpriority51 \lsdlocked0 Grid Table 6 Colorful Accent 3;\lsdpriority52 \lsdlocked0 Grid Table 7 Colorful Accent 3;\lsdpriority46 \lsdlocked0 Grid Table 1 Light Accent 4;
\lsdpriority47 \lsdlocked0 Grid Table 2 Accent 4;\lsdpriority48 \lsdlocked0 Grid Table 3 Accent 4;\lsdpriority49 \lsdlocked0 Grid Table 4 Accent 4;\lsdpriority50 \lsdlocked0 Grid Table 5 Dark Accent 4;
\lsdpriority51 \lsdlocked0 Grid Table 6 Colorful Accent 4;\lsdpriority52 \lsdlocked0 Grid Table 7 Colorful Accent 4;\lsdpriority46 \lsdlocked0 Grid Table 1 Light Accent 5;\lsdpriority47 \lsdlocked0 Grid Table 2 Accent 5;
\lsdpriority48 \lsdlocked0 Grid Table 3 Accent 5;\lsdpriority49 \lsdlocked0 Grid Table 4 Accent 5;\lsdpriority50 \lsdlocked0 Grid Table 5 Dark Accent 5;\lsdpriority51 \lsdlocked0 Grid Table 6 Colorful Accent 5;
\lsdpriority52 \lsdlocked0 Grid Table 7 Colorful Accent 5;\lsdpriority46 \lsdlocked0 Grid Table 1 Light Accent 6;\lsdpriority47 \lsdlocked0 Grid Table 2 Accent 6;\lsdpriority48 \lsdlocked0 Grid Table 3 Accent 6;
\lsdpriority49 \lsdlocked0 Grid Table 4 Accent 6;\lsdpriority50 \lsdlocked0 Grid Table 5 Dark Accent 6;\lsdpriority51 \lsdlocked0 Grid Table 6 Colorful Accent 6;\lsdpriority52 \lsdlocked0 Grid Table 7 Colorful Accent 6;
\lsdpriority46 \lsdlocked0 List Table 1 Light;\lsdpriority47 \lsdlocked0 List Table 2;\lsdpriority48 \lsdlocked0 List Table 3;\lsdpriority49 \lsdlocked0 List Table 4;\lsdpriority50 \lsdlocked0 List Table 5 Dark;
\lsdpriority51 \lsdlocked0 List Table 6 Colorful;\lsdpriority52 \lsdlocked0 List Table 7 Colorful;\lsdpriority46 \lsdlocked0 List Table 1 Light Accent 1;\lsdpriority47 \lsdlocked0 List Table 2 Accent 1;\lsdpriority48 \lsdlocked0 List Table 3 Accent 1;
\lsdpriority49 \lsdlocked0 List Table 4 Accent 1;\lsdpriority50 \lsdlocked0 List Table 5 Dark Accent 1;\lsdpriority51 \lsdlocked0 List Table 6 Colorful Accent 1;\lsdpriority52 \lsdlocked0 List Table 7 Colorful Accent 1;
\lsdpriority46 \lsdlocked0 List Table 1 Light Accent 2;\lsdpriority47 \lsdlocked0 List Table 2 Accent 2;\lsdpriority48 \lsdlocked0 List Table 3 Accent 2;\lsdpriority49 \lsdlocked0 List Table 4 Accent 2;
\lsdpriority50 \lsdlocked0 List Table 5 Dark Accent 2;\lsdpriority51 \lsdlocked0 List Table 6 Colorful Accent 2;\lsdpriority52 \lsdlocked0 List Table 7 Colorful Accent 2;\lsdpriority46 \lsdlocked0 List Table 1 Light Accent 3;
\lsdpriority47 \lsdlocked0 List Table 2 Accent 3;\lsdpriority48 \lsdlocked0 List Table 3 Accent 3;\lsdpriority49 \lsdlocked0 List Table 4 Accent 3;\lsdpriority50 \lsdlocked0 List Table 5 Dark Accent 3;
\lsdpriority51 \lsdlocked0 List Table 6 Colorful Accent 3;\lsdpriority52 \lsdlocked0 List Table 7 Colorful Accent 3;\lsdpriority46 \lsdlocked0 List Table 1 Light Accent 4;\lsdpriority47 \lsdlocked0 List Table 2 Accent 4;
\lsdpriority48 \lsdlocked0 List Table 3 Accent 4;\lsdpriority49 \lsdlocked0 List Table 4 Accent 4;\lsdpriority50 \lsdlocked0 List Table 5 Dark Accent 4;\lsdpriority51 \lsdlocked0 List Table 6 Colorful Accent 4;
\lsdpriority52 \lsdlocked0 List Table 7 Colorful Accent 4;\lsdpriority46 \lsdlocked0 List Table 1 Light Accent 5;\lsdpriority47 \lsdlocked0 List Table 2 Accent 5;\lsdpriority48 \lsdlocked0 List Table 3 Accent 5;
\lsdpriority49 \lsdlocked0 List Table 4 Accent 5;\lsdpriority50 \lsdlocked0 List Table 5 Dark Accent 5;\lsdpriority51 \lsdlocked0 List Table 6 Colorful Accent 5;\lsdpriority52 \lsdlocked0 List Table 7 Colorful Accent 5;
\lsdpriority46 \lsdlocked0 List Table 1 Light Accent 6;\lsdpriority47 \lsdlocked0 List Table 2 Accent 6;\lsdpriority48 \lsdlocked0 List Table 3 Accent 6;\lsdpriority49 \lsdlocked0 List Table 4 Accent 6;
\lsdpriority50 \lsdlocked0 List Table 5 Dark Accent 6;\lsdpriority51 \lsdlocked0 List Table 6 Colorful Accent 6;\lsdpriority52 \lsdlocked0 List Table 7 Colorful Accent 6;}}{\*\datastore 010500000200000018000000
4d73786d6c322e534158584d4c5265616465722e362e30000000000000000000000e0000
d0cf11e0a1b11ae1000000000000000000000000000000003e000300feff0900060000000000000000000000010000000100000000000000001000000200000001000000feffffff0000000000000000ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
fffffffffffffffffdffffff04000000feffffff05000000fefffffffeffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
ffffffffffffffffffffffffffffffff52006f006f007400200045006e00740072007900000000000000000000000000000000000000000000000000000000000000000000000000000000000000000016000500ffffffffffffffff010000000c6ad98892f1d411a65f0040963251e5000000000000000000000000e066
e375010ad50103000000c0020000000000004d0073006f004400610074006100530074006f0072006500000000000000000000000000000000000000000000000000000000000000000000000000000000001a000101ffffffffffffffff020000000000000000000000000000000000000000000000e066e375010ad501
e066e375010ad501000000000000000000000000c400d4005a00590048005500de005200c500c4004f00d000c600c800330042005100cf00d200d900c400c0003d003d000000000000000000000000000000000032000101ffffffffffffffff030000000000000000000000000000000000000000000000e066e375010a
d501e066e375010ad5010000000000000000000000004900740065006d0000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000a000201ffffffff04000000ffffffff000000000000000000000000000000000000000000000000
00000000000000000000000000000000320100000000000001000000020000000300000004000000feffffff060000000700000008000000090000000a000000feffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff
ffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffffff3c3f786d6c2076657273696f6e3d22312e302220656e636f64696e673d225554462d3822207374616e64616c6f6e653d226e6f223f3e3c623a536f75726365732053656c65637465645374796c653d225c41504153697874684564697469
6f6e4f66666963654f6e6c696e652e78736c22205374796c654e616d653d22415041222056657273696f6e3d22362220786d6c6e733a623d22687474703a2f2f736368656d61732e6f70656e786d6c666f726d6174732e6f72672f6f6666696365446f63756d656e742f323030362f6269626c696f677261706879222078
6d6c6e733d22687474703a2f2f736368656d61732e6f70656e786d6c666f726d6174732e6f72672f6f6666696365446f63756d656e742f323030362f6269626c696f677261706879223e3c2f623a536f75726365733e00000000000000000000000000003c3f786d6c2076657273696f6e3d22312e302220656e636f6469
6e673d225554462d3822207374616e64616c6f6e653d226e6f223f3e0d0a3c64733a6461746173746f72654974656d2064733a6974656d49443d227b31443538343639332d393134462d343339362d423039412d3837343134324643423939327d2220786d6c6e733a64733d22687474703a2f2f736368656d61732e6f70
656e786d6c666f726d6174732e6f72672f6f6666696365446f63756d656e742f323030362f637573500072006f007000650072007400690065007300000000000000000000000000000000000000000000000000000000000000000000000000000000000000000016000200ffffffffffffffffffffffff000000000000
0000000000000000000000000000000000000000000000000000000000000500000055010000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000ffffffffffffffffffffffff00000000
00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000ffffffffffffffffffffffff0000
000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000ffffffffffffffffffffffff
000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000746f6d586d6c223e3c64733a736368656d61526566733e3c64733a736368656d615265662064733a7572693d22687474703a2f2f736368656d61732e6f70656e786d6c666f726d6174732e6f7267
2f6f6666696365446f63756d656e742f323030362f6269626c696f677261706879222f3e3c2f64733a736368656d61526566733e3c2f64733a6461746173746f72654974656d3e00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000
00000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000105000000000000}}