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The Pamphlet Collection of Sir Robert Stout: Volume 7

26.—Value at which Scrip shall be received in the purchase of rural lands of various denominations

page 9

26.—Value at which Scrip shall be received in the purchase of rural lands of various denominations.

In the purchase of Rural Land the Scrip shall be taken at such a value that one pound in Scrip shall represent the upset price or fixed price, as the case may be, of one acre of Rural Land at the date when the Scrip may be tendered at the Treasury; and for the protection of the Scrip holders this rule shall equally prevail if the general price of Country Land throughout the colony shall at any time be raised : Provided always that in the purchase of all Rural Lands within the limits of Hundreds, and of such Rural Lands outside the limits of Hundreds as may be put up to auction or sold at a fixed price under clauses 9 and 11 of these Regulations, one pound in Scrip shall represent its nominal value of one pound sterling, except where such fixed or upset price is lower than £1 per acre, in which case it shall represent such lower price only.