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The Pamphlet Collection of Sir Robert Stout: Volume 7

23.—Ten per cent of the purchase money to be deposited at the sale and the remainder paid within one month, or deposit forfeited

23.—Ten per cent of the purchase money to be deposited at the sale and the remainder paid within one month, or deposit forfeited.

Immediate payment in cash of one-tenth of the purchase money shall be the condition of any such sale by auction, and the remaining nine-tenths of the purchase money must be paid by the purchaser within one calendar month next after the time of such sale by auction, or the one-tenth of the purchase money which has been deposited will be forfeited, and the original contract for the sale of the land will thenceforward be null and void.