Deferred Payment Lands.

Applications must be accompanied by the first half year's rent and licence fee of 21s.

Twenty-five per cent, is added to cash price for deferred payments.

Any person over 17 years of age may select land.

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Half-yearly instalments are payable in equal amounts.

Remaining unpaid instalments can be capitalised, and interest thereon at 5 per cent, be substituted for such instalments.

Payments of not less than £10 can be made to liquidate the capitalised value.

After effecting improvements, and within 18 years of licence, the selector is entitled to bis Crown grant if the capitalised value has been paid, together with interest, on due dates; or he may exchange the deferred payment licence for a perpetual lease, in which case all past payments go to credit of rent.