HIRING AND BUYING FARMS. 237 



would not laj himself open to the liability of having 

 his mortgage foreclosed, with the possibiUty of not being 

 able to get somebody else to take the mortgage. But 

 as lonor as the amount souorht to be obtained on 

 mort<yao^e does not exceed one-half of the fair value 

 of the property, it can always be obtained at from 

 7 to 8 per cent., and the mortgagor can feel perfectly 

 easy. 



When a farm is bought from the occupier he is 

 generally permitted to continue in occupation from three 

 to six months : this is to allow him time to purchavse 

 elsewhere, or to sell off, if he is giving up farming ; 

 the purchaser has the right of sending stock on the 

 farm at once, and generally stipulates for tlie use of 

 some part of the dwelling-house, and not to pay interest 

 on the unpaid portion of the purchase-money till the 

 seller clears out. 



We need hardly caution an intending purchaser 

 never to ])urchase without a thorough personal in- 

 spection, no matter how tempting an offer may be 

 made him. One of the things he should be exceed- 

 ingly careful about is that the water supply is really 

 perennial, no matter how severe the drought ; and a few 

 judicious questions amongst the neighbours will prove 

 of great value on this point. But when price and 

 quality are found to be satisfactory, the intending pur- 



