THE LAND LA^V 321 



(2) Such auction shall be duly advertised and 

 shall be held on the day and hour stipulated 

 by the Governor-General. There shall 

 only be allowed to bid at the auction those 

 who before the opening of the proceedings 

 have put in all documents which must 

 accompany an application as specified in 

 Article 71, save that referring to the deposit 

 in respect of the initial payment, the latter 

 of which is replaced by a document showing 

 that a deposit has been made corresponding 

 to the amount fixed as upset price at the 

 said auction. 



(3) The holder of the contract of lease in force, 



who has the right of preference, is only 

 required to put in a document showing 

 that a deposit of the amount referred to 

 has been made. 



(4) After the auction all further procedure shall 



conform to the provisions of Article 78 and 

 succeeding ones, attention being paid to the 

 provisions of Article 82 in the case of the 

 concession falling under the jurisdiction of 

 the Governor-General vrith. the deliberative 

 vote of the Government Council. 



(5) The new title shall be delivered to the 



concessionaire in time for him to enter into 

 possession of the land on the day follow- 

 21 



