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The Pamphlet Collection of Sir Robert Stout: Volume 44

Auctions of Town and Suburban Lands

Auctions of Town and Suburban Lands.

41. All town and suburban lands shall be offered for

Town and suburban lands to be sold at auction

sale by auction in sections, the size or extent and upset price of which shall be fixed and determined by the Board, subject to the approval of the Governor.
Provided always that no town lands shall be sold at a

Minimum prices.

rate less than thirty pounds sterling per acre, and no suburban lands at a rate less than three pounds sterling per acre.
42. The Board shall give notice of the time and place

Notice of time, place, and upset price to be published.

at which any auction of such lands is intended to be held, in which notice the allotments of land which shall then be offered for sale or lease and the upset price of the same shall be specified, and such notice shall be published in the Gazette or a newspaper published in the land district, not less than one month before such auction shall take place.

No such lands shall be included in any such notice, unless the same shall have been previously sun-eyed and have been distinguished by an appropriate mark upon a map, to be exhibited in the land office for public inspection during office hours for one month before such sale.

The land shall be offered for sale by auction by some page 106 person to be appointed for that purpose by the Board, and such person for the purpose of such sale shall not require to take out an auctioneer's license.

Terms of payment.

43. Immediate payment of one-fourth part of the purchase money shall be a condition of every such sale by auction, and the remaining three-fourths of the purchase money shall be paid by the purchaser within one calendar month next after the time of such sale, otherwise the part of the purchase money so paid by way of deposit as aforesaid shall be forfeited, and the contract for the sale of the land shall thenceforward be null and void.

After auction, lands not necessarily sold by private contract.

44. After land has been offered for sale by auction and not sold, it shall not be open for sale until after thirty days' public notice thereof shall have been given. It may then be—
  • (1.) Either offered again from time to time, in one or more lots, for sale by public auction; or, if rural or pastoral lands,
  • (2.) Declared open for sale on application in such lots, at such price per acre, as the Board shall determine, being a price not less in any case than the minimum price payable for land of the same quality that is open for selection for cash.

Foregoing provisions to apply to all auction sales.

45. The foregoing provisions relating to the sales of town and suburban lands by auction shall equally apply to all sales by auction of any Crown lands whatever, or of leases or licenses thereof.