for sale by auction any town or suburban lands already surveyed, on depositing 10 per cent. of the upset price, which is returned if he does not become the purchaser; should the purchaser not be the applicant, he must pay 10 per cent. on the fall of the hammer, and complete his purchase within thirty days.
There are four modes of obtaining land by conditional purchase in the South-west Division.
- By deferred payment with residence, within agricultural areas.
- By deferred payment with residence, outside agricultural areas.
- By deferred payment, without residence, either within or outside of agricultural areas.
- By direct payment, without residence, either within or outside of agricultural areas.
Agricultural areas of not less than 2,000 acres may be set apart by the Governor in Council—the maximum area to be held by any one person is 1,000 acres, and the maximum 100 acres; the price is fixed by the Governor in Council, at not less than 10s. an acre, which is the present price, payable in twenty yearly instalments of 6d. an acre, or sooner if the occupier choose. Upon the approval of any application, a licence is granted for five years. Within six months the licencee must reside on some portion of the land, and fence in the same with a good substantial fence during the term of his licence. If these conditions are fulfilled, a lease is granted to him for fifteen years. After the lease has expired, or at any time during the currency of the lease, provided the fence is in good order and that improvements have been made equal to the full purchase money, and further provided the full purchase money has been paid, a Crown grant will be given.
Outside agricultural areas land may be purchased on deferred payment with residence, by free selection, otherwise subject to all the conditions required within agricultural areas, as stated in the preceding paragraph.
Under the third mode of purchase, the applicant is subject to all the conditions imposed under No. 1, except residence, but he has to pay double the price, or £1 per acre, in twenty yearly instalments of 1s. per acre.
By the fourth mode, land to the extent of 1,000 acres and not less than 100, within an agricultural area, and not exceeding 5,000
