CHEAP AGRICULTURAL CREDIT. 131 



3. The tenant farmer desiring to buy his 

 farm from his landlord. 

 Up to 1911 New South Wales had lent out 

 £1,617,192 to farmers under system 1, had 

 spent £2,525,717 on purchasing agricultural areas 

 for settlement under system 2, and had made a 

 good beginning with system 3. 



Since it cannot be too often insisted that in 

 cases where the State gives aid to encourage a 

 settler, some check on the title should be kept, 

 the terms of the latest New South Wales Closer 

 Settlement Act may be summarized here with 

 advantage : — 



Any three or more persons who are 

 qualified to make and hold settlement 

 purchases, and who desire to purchase 

 from the same owner any private land, on 

 entering into agreements with the owner, 

 may apply to the Minister to bring the 

 lands under the Act. 



The Minister, on being satisfied that the 

 lands are suitable, that the applicants are 

 qualified, and that the lands do not exceed 

 a home maintenance, may cause the lands 

 to be valued by an Advisory Board. 



