CLOSER SETTLEMENT.
WHAT NEW SOUTH WALES PROPOSES TO DO. Press Association—By Telegraph—Copyright. SYDNEY, July 17. In the course of an address at the Farmers' Conference the Hon. Mr Beeby reiterated the Government's intention to adopt the system of perpetual lease, settlers for the first live years occupying the land free of payment. The first reappraisement would be made at the end of 25 years thereafter Dealing with closer settlement, he said the Government had devised a scheme whereby in the course of time it would be impossible for anyone to hold more than £5,030 worth of unimproved value of land within 10 or 12 miles of a railway. A year would be given to owners to divide, and at the end of tho second year a supertax of 2d in the £ would be imposed on holders above the amount mentioned, rising in the fifth year to Bd. Owing to the largo prices paid for the estates purchased by the Government for closer settlement, a good deal had been left on their hands. Jv the future the Government intended to purchase wheat lands equally as good, for which it would pay 15s per acre, instead of £5 to £7 ao previously.
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Evening Star, Issue 14931, 18 July 1912, Page 6
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200CLOSER SETTLEMENT. Evening Star, Issue 14931, 18 July 1912, Page 6
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