On an agricultural farm, agricultural homestead, perpetual lease selection, grazing selection, and unconditional selection —one year’s rent, and 1/5th of survey fee; on free homestead—fee of £1, and 1/5th of survey fee; on prickly-pear selection—full amount of survey fee.
What is the Deposit on an Agricultural Farm of 160 Acres?
£3 16s., taking the price of the land at 10s. per acre.
When can such a Farm be made Freehold?
In five years.
Freehold Title.
Queensland offers an unencumbered freehold title. The deeds for an agricultural farm may be obtained at any time after five years by paying the outstanding balance.
Discount.
If such balance is paid off before it is due, a discount of 2-1/2 per cent. per annum is allowed.