"Annnal Rent, 2s. per 100 acres, and no licence fee.
"No Licence issued for less than 1l.
"Full annual rent to be paid on application.
"Holders of Land in Fee Simple, of not less than 10 acres, within a Class A Licence, have a right to run gratuitously within such Licence one head of great stock for every 10 acres so held, and so long as said land may be let for Pastoral purposes.
"Lands in Class B are situate outside of certain defined Boundaries, and are let on Pastoral Leases of eight years. These Leases are not renewable, but the Lessees thereof have a preferable claim for renewal.
"No Lease to contain more than 10,000 acres, but any number of Leases may be granted to the same person. The annual rent for a Lease is 5l., and 10s. per thousand acres for the land contained therein.
"Leases are granted without competition.
"These Leases contain pre-emptive rights of purchase of any portion of the land (not less than 40 acres) during the first year.
"After the first year of a Lease, all unsold land is open to general selection for purchase.
"Homesteads may be selected by Lessee during the first year, at the rate of two acres for every acre of run, with a right of purchase of any part thereof within the first three years.
"Purchasers of Lands within B Leases have the same right
of depasturing cattle as in Class A Licences."
Tillage Leases.
"Lands for Tillage purposes are let on Leases for eight years. No Lease to contain more than 320 acres. Any number of Leases may be granted to the same person. The annual rent is 1s, per acre, payable in advance, but no Lease is granted for a less sum than 5'l., except for the last half of a year."
