130 OUR ENGLISH LAND MUDDLE. 



cheap credit, the Government selling to the 

 settler a small farm on deferred payments system. 



In 1910 further legislation on the same lines 

 was carried. By the 1910 Act, intending settlers 

 might acquire by direct purchase from the 

 owner areas of private land suitable for closer 

 settlement, under the same conditions, regarding 

 residence, the payment of purchase money, etc., 

 as apply to settlement purchases under the 

 Closer Settlement Acts. The purchasers are 

 financed to the extent of 95 per cent, of the 

 purchase money, not exceeding the bank's valua- 

 tion of the properties. It is anticipated that 

 this Act will materially expand the operations 

 of advances to farmers. 



New South Wales thus helps with cheap 

 State credit. : — 



1. The embarrassed farmer on the land 

 who wishes to get out of the hands of 

 private money-lenders, or the farmer who 

 wishes to lay out capital in the improve- 

 ment of his holding. 



2. The man desiring a farm of his own, 

 who buys a farm from the State on credit 

 terms. 



