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The Pamphlet Collection of Sir Robert Stout: Volume 71
Classification of Lands and Settlement Conditions, &c. — Town and village lands {which are those reserved for towns and villages) are sold by auction
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Classification of Lands and Settlement Conditions, &c.
Town and village lands {which are those reserved for towns and villages) are sold by auction.
| How Disiposed of. | Suburban Land. | Rural Land. |
|---|---|---|
| Terms of payment | Cash deferred payment or perpetual lease, a applicant's option. | |
| First Class. | ||
| Improvement conditions, compulsory under deferred payment lease systems. | 1/16 to be cultivated Ist year 1/5 to be cultivated 2nd year ¾ to be cultivated within 4 years The whole to be fenced and substantial improvements to value of at least £10 per acre within four years. | ½6 to be cultivated 1st year 1/16 to be cultivated 2nd year 1/5 to be cultivated within 4 year Also within six year permanent improvements must have been effected to value of £1 per acre. |
| Second Class. | ||
| Substantial improvemenets to value of lo per cent. of value of land within Ditto second year. Ditto before end of sixth year. |
||
| Limit of selections | 20 acres | 640 acre |
| Minimum price per acre deferred payment | £4 10s. | 18s. 9d. first class. 7s. 6d. second class. |
| Period over which deferred payments extend. | Five years | 10 years. Licences may be extended for a further period of four years. |
| Purchaser must reside on land within . | Six months | Six months |
| Residence must he continued | Four years | Six years |