Land within proclaimed gold-fields is let under agricultural leases, under conditions of improvement without residence. The yearly rent is 2s. Gd. per acre, and the conditions being fulfilled, and there being no objections, the land may be bought during the currency of the lease at the upset price. After the third year an exchange lease" may be granted, which will enable the purchase to be completed by the payment of 21s. per acre in fourteen equal half-yearly instalments, or the balance at any time in full; or the freehold may be acquired by the payment of the rent for 17 years.