096 Jour)ial of Agriculture, Victoria. [10 Oct., 1911^ 



Second class land can be obtained under the same system at 15s. per 

 acre, and third class land at ids. per acre. 



Land can also be taken up under lease with a view to selection later 

 on. 



Lands Purchase and Management Board. — Under the provisions of 

 the Closer Settlement Acts the Board wdll sell land to settlers on a small 

 deposit and allow 31 1 years for the payment of the purchase money in- 

 half-yearly instalments. The deposit is credited as part of the principal, 

 and the balance bears interest at 4I per cent. 



Private Land. — Land can be bought privately all over the State on.- 

 payment of a deposit, which varies from 10 per cent, to 30 per cent, of 

 the whole value, the balance being obtainable bv mortgage at about 4|,per 

 cent, on good landed security. 



Land can be rented for grazing purposes at from 5s. per acre up to 

 20s. per acre and for cultivation from ids. to 90s. per acre. 



Credit Foncier System. — The Government Savings Banks Commis- 

 sioners advance money on long terms (31I years) on good security. Repay- 

 ments are made half-yearly at the rate of 6 per cent, per annum. This 

 includes i| per cent .towards sinking fund, so that at the end of the period 

 the whole debt is paid off. 



Equipment and Profits. 



The subsequent details will give the intending settler some idea as to 

 the equipment required for the different systems of farming, together with- 

 the returns that should be reasonably expected ; these of course will fluctuate 

 more or less under different conditions. In estimating the requirements, a 

 house and outbuildings and fencing are included, while in some cases these 

 may be in existence on the farms. The value of the land is not included 

 in the estimate, but simply the cost of buildings, fencing, stocking, ma- 

 chinery and other requirements in order to give some idea of the capital 

 necessary. A handy man who could assist in the building and other im- 

 provements would naturally save some of the outlay. 



Capital required to <:tart on a 50-acre Farm- and Returns that might be: 



expected. 

 Expenditure. ^ s. d. 



W.B. house (4 rooms and furniture) 



Outbuildings (stable, 2 stalls, ^ro ; separator room, ^10; 



milking and machinery shed, £1$; fowl house, ;i^5) 

 Implements (plough, £2 15s.; harrows, ;!^5 ; scuffler, £2 5s.; 



swingle-bars, 12s. 6d. ; cart (secondhand). £10) ... 

 Separator 



2 horses — one medium, one light draught, at /I30 ; harness, 



;^5 , 



r^ cows, at ^^7 ids. each 



3 pigs, at 15s. each 

 Seed, manure, and sundry tools 



Total 



. Returns for Twelve Months. 

 15 cows for milk and cream, at V^ic each 

 r2 calves, at 12s. each ... 



5 acres of potatoes, 20 tons, at £2 net ; or 3 acres of to- 

 bacco ; or ro acres of broom corn, flax, beans, or onions ... 

 12 pigs, net profit, at 30s. each ... 



