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The Pamphlet Collection of Sir Robert Stout: Volume 78
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Areas of Crown land are thrown opon for sale or selection from time to time on duly advertised dates.
The intending selector has a variety of tenures to choose from, of which the fullowing are the principal:—
- Cash, which requires full payment within thirty days of selection.
- Occupation with Right of Purchase—A lease for twenty-five years, with a right to purchase at the original upset price at any time after first ten years of occupancy. The rental is 5 per cent, on the value of the land.
- Lease ln Perpetuity—A lease for 999. years at a rental of 4 percent on the value of the land. This rental is unalterable durtng the currency of the lease.
- Small Grazing Runs—A lease for twenty-one years with right of renewal, at a rental of not less than 2½ per cent, on the values of the land.
- Pastoral Runs are leased by public auction for varying terms not exceeding twenty-one years.
Privately-owned lands are also purchased from time to time by the Crown, and, after subdivision, are offered to the public at moderate rent-s under the lease-in-perpetuity tenure.