LAND TENURE 325 



ten years' conditional title, he will be liable to the 

 following land tax : 



First year ...... Nil. 



Second year, 5 % of $,'>000 value of $150 land concession. 

 Third " 10 % $SOO 



Fourth 20% $600 



Fifth 30% $900 



Sixth 40 % $1200 



If, on the other hand, the stipulated amount 

 of $3000 is expended on the tenant's land by the 

 end of the second year, no tax is paid. 



12. During the first ten years after the above 

 stipulated amount has been expended on the 

 land concession no land tax will be paid. After 

 ten years of non-payment of land tax the ordinary 

 land tax in force in the colony must be paid 

 yearly. 



The above-mentioned terms show that it is 

 to the tenant's interest to complete as quickly 

 as possible the expenditure on the land of the 

 amount of 200 times the yearly lease. 



13. The application made to the Governor- 

 General to obtain one or more blocks of land must 

 be accompanied by the following documents : 



(a) Certificates of a bank or banks, by 



which it is shown that the in- 

 tending tenant has sufficient money 

 or credit to meet the necessary 

 expenditure on the land. 



(b) Certificate of the Treasurer of the 



Colony, by which it is shown 

 the intending tenant has paid 

 into the Treasury the sum of 



