3rd. The annual licence fee shall
be in all cases at least five pounds,
and each person who occupies a Run
shall pay annually in addition a fur-
ther licence fee at the rate of one
pound sterling for every thousand
sheep above five thousand which the
run so occupied shall be estimated
to be capable of containing, and in
the same proportion for Great Cattle;
six Sheep being rated as one head of Great Cattle.

4th. If at any time during the cur-
rency of such Licence, such Annual
fees, and the Annual assessment im-
posed by law, should not be paid by
the holder of it, in the manner and at
the time required by the Local Ordi-
nance; and by these Regulations;
then and in that case the said Licence
shall cease and determine, and the Com-
missioner of Crown Lands will thereupon be
empowered to notify publicly the for-
feiture of such Licence, and to let the
Run to which it relates by public auction
to the highest bidder, for a term of 14 years, subject to
the conditions of these regulations and
of any law for the regulation of pastoral pursuits.

9. No such Licence for fourteen years
   will be granted to any applicant for a
   Run until he shall have paid all arrears
   of rent and assessments which may be
   owing by him for such Run.

10. In the event of any dispute arising
    between two or more claimants regard-
    ing the boundaries of their respective Runs,
    it shall be in the power of the Commis-
    sioner of Crown Lands to make such
    alterations in the boundaries of their
    Runs, or of any of them as he may, upon
    enquiry judge to be just and expedient.

11. Every proper facility will be af-
    forded for the acquisition of home-
    steads on their Runs, not exceeding eighty-
    acres, to persons who may be desirous of
    purchasing the same; but the Govern-
    ment will not undertake to survey and
    offer for sale any smaller block than fifty
    acres of land.

12. Whenever it becomes necessary to
    offer for sale by public auction any home-
    stead of the licensed occupier of a Run
    on which he has made improvements, such
    improvements will be valued by two arbi-
    trators appointed respectively by the Go-
    vernment and by the lessee, or by an
    umpire chosen by them, and the home-
    stead will be offered for sale at a price
    made up of the upset price of the land
    and the value of the improvements.
    Should the holder of the Licence not be-
    come the purchaser, the value of his im-
    provements, estimated as above, will be
    paid to him immediately after the sale.
    But should there be no bidding for such
    homestead, the holder of the Licence will
    be required to purchase the land at the
    upset price immediately after the sale.
    Should he not do so, the Government
    will at any time sell the homestead at the
    price at which it shall have been last of-
    fered to the holder of the Licence, or at
    any other price which it may judge ex-
    pedient.

ISSUE OF TIMBER LICENCES.

13. Persons occupying waste land of
    the Crown, for the purpose of cutting
    timber, will be required to pay a fee of
    Five Pounds yearly to the Crown upon
    the issue of the Licence.

14. The Commissioner of Crown Lands
    will determine the extent of land to
    which such Licence shall give a right of
    occupancy, and the Licensees are only to
    have effect within the district specified
    in them.

15. No fresh applicant for a Licence
    will be permitted injuriously to interfere
    with a portion of forest upon which any
    other person may have expended capital
    and labour.

16. In the event of any occupant of
    a portion of forest, upon which he may
    have expended any considerable sum in
    the formation of roads or improvements
    to facilitate the removal of timber, wish-
    ing to resign his licence, he will, if in
    the consideration of the Commissioner
    the same be regarded as having esta-
    blished a claim to this indulgence, be
    permitted to transfer his licence and
    right of pre-occupancy to such person as
    he may select.

17. All applicants for Timber Licences
    must address their applications to the
    Commissioner of Crown Lands, stating
    their names and residences in full.

18. When the application has been