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The Pamphlet Collection of Sir Robert Stout: Volume 62

Right to acquire Freehold

Right to acquire Freehold.

Any lessee holding land, outside a proclaimed goldfield or any education or endowment reserve, shall have the right of purchase whenever he shall have fulfilled all the conditions of improvement, at the price fixed at the time when the lease is granted; such price to be the capital value on which he has paid rent at 5 per cent.