Note * — Chapter I · "IN THIS NEW LAND OF OURS."

At present agricultural farms may be selected of not more than 1280 acres, and the rent is fixed by the Land Board, not being less than threepence per acre per annum. A license is issued to the selector, who must, within five years, fence in the land or make permanent improvements of a value equal to the cost of the fence, and must also live on the selection. If at the end of that time he can prove that he has performed the above conditions, he will be entitled to a transferable lease for fifty years. The rent for the first ten years will be the amount as at first fixed, and the rent for every subsequent period of five years will be determined by the Land Board, but the greatest increase that can be made at any re-assessment is fifty per cent.