Under “The Married Women’s Property Act, 1890,” she can hold any land, which she purchases absolutely, as if she were a man.
What are the Modes of Tenure?
- (1) Agricultural selection—i.e., agricultural farms, agricultural homesteads, perpetual lease selections, and free homesteads.
- (2) Grazing selections—i.e., grazing farms and grazing homesteads.
- (3) Unconditional selections.
- (4) Prickly-pear selections.
Twenty Years’ Purchase without Interest.
Twenty years are allowed in which to pay for an agricultural farm. No interest is charged.
Annual Instalment.
The annual instalment is 6d. in the £1—that is, 2-1/2 per cent., or 3d. per acre on 10s. land; 6d. per acre on £1 land; 1s. per acre on £2 land. The whole of this goes to principal.
Completing the Purchase.
At above rate, in twenty years the farm is half paid for, and during that time the farmer has had the use of the farm for much less than a fair rental. At the end of the twenty-first year, he is expected to pay the remaining half. Taking money as worth 5 per cent., this is equivalent to selling the land at half the proclaimed price.