Substitution of person for purchaser.

15. If any purchaser of laud under this part of this Act who has not paid the whole of his purchase money, or his executors or administrators, shall desire to assign his interest in land occupied by him under one license to occupy, he or they may apply to the said Commissioner of Crown Lands to accept instead of himself some one person as purchaser, and if the said Commissioner shall think tit to accept such person, and such person shall not be disqualified to purchase land in the same block to the extent of the land proposed to be transfered, the said Commissioner shall cancel the page 25 existing license to occupy upon the same being produced to him, or if the destruction or loss thereof be proved to his satisfaction, he may dispense with the production thereof, and shall issue to the person accepted a new license on payment of a fee of one pound, to occupy in the same terms and of the same date as the original license, but with the name of such person substituted as purchaser, and thereupon such person shall be deemed to be and to have been from the date of the original purchase the purchaser of the land mentioned in such license, and his name shall be entered in the register of purchasers, and he shall thereafter be disqualified from purchasing land in the same block in the same manner as if he had been the original purchaser.