6.—The Price To Be Paid And Terms of Payment.

The owners of these properties have agreed to accept the sum of £1,070,000 for the whole of these lands, free from page 11 incumbrances, with the sheep, cattle, horses, plant, buildings and improvements as above mentioned, the price being based upon a low estimate of the value of the lands according to the prices which are being realized for lands of similar quality in the neighbourhood, and at the prices at which flocks of sheep of the same class are generally sold in the Colony, and to give the easy terms of payment above mentioned. The price is equal to £6. 7s. 6d. per acre to the freehold lands, with all the live stock, leaseholds, improvements, plant, &c., given in, which is below the price that similar lands are realizing without any flocks thereon.