194 QUIT RENTS. 



effected within such time as may be determined. 

 The land being cleared, the holder of the permit 

 shall be entitled to a lease, subject to the follow- 

 ing limitation and provisions : — that the rate of 

 rent shall not exceed one dollar per acre, on the 

 first lease given, fifteen years being the dura- 

 tion ; — that the lease so granted shall be, at its 

 expiration exchanged, for a second lease for a fu- 

 ture term of fifteen years, at such rate as shall 

 be determined on, not exceeding three dollars 

 per acre ;■ — that on the expiration of the second 

 lease, a third, for fifteen years, shall be granted, 

 at a rate not exceeding six dollars per acre ; — 

 that on the expiration of the third lease, a fourth 

 shall be granted, at a rate not exceeding ten 

 dollars per acre. 



" It shall be optional with the government, in 

 the event of the leaseholder refusing to accept a 

 lease at, or under the rates above specified, to 

 eject the holder and resume the land with all 

 buildings thereon. The rate of ten dollars per 

 acre, being declared to be the maximum of rent 

 demandable for lands occupied for cultivation, 

 and beyond the limits of the town of Singapore, 

 or any other town that may be hereafter esta- 

 blished, it shall be optional with leaseholders to 

 demand a permanent lease of nine hundred and 



