298 SALE AND TRANSPORT OF PRODUCE 



Conditions of Sale of Timber. 



The following is an abstract of suitable conditions of 

 sale of timber, by tender. Many of them are also applicable 

 to conditions of sale by auction or by private contract. 



(1) All tenders must be upon the printed form annexed 

 hereto, and must be signed by those tendering, who must 

 also append their addresses. 



(2) All tenders marked outside " tenders for timber " are 

 to be sent by post to " A.B." (here insert address of land 

 agent), and are to be received not later than twelve o'clock 

 on the day of , at which time the 

 tenders will be opened and notice sent by post to each person 

 whose tender is accepted. 



(3) The vendor does not bind himself to accept the highest 

 or any tender. 



(4) If more than one lot is tendered for, a separate sum 

 must be set against each lot so tendered for. And each of 

 such sums shall be considered as a separate tender. 



(5) Each purchaser shall immediately upon the acceptance 

 of his tender (or tenders) pay to the said " A.B.," a deposit of 

 2$ per cent, on the amount of the purchase money, and shall, 

 within 14 days from the date of the acceptance of the tender (or 

 tenders), deliver, at his own expense, to the said " A.B.," bills or 

 promissory notes, endorsed by a responsible surety, approved 

 by the said " A.B.," for the remainder of the purchase money, 

 payable to the said " A.B." or his order, 4 months after the date 

 upon which his tender (or tenders) was accepted. Until such 

 security is given and accepted, no purchaser shall enter upon 

 the land and fell or remove any part of the said timber or trees. 



If default is made in giving such bills or notes as aforesaid 

 the deposit money shall be forfeited, and the property in the 

 timber and trees, purchased by any person thus making 

 default, shall revert to the vendor. Any purchaser may pay 

 cash in lieu of giving the bills or notes, for the remainder of 

 the purchase money, and he will thereupon be allowed dis- 

 count at the rate of 4 per cent, per annum on any amount of 

 such latter sum as he pays for in cash. 



