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For any number of Sheep up to 500 inclusive, Run to be granted for any number not exceeding ............... 5000 Sheep

For every additional hundred between 500 and 1000 for .......... 500 additional

1000 and 3000 ........ 400
3000 and 5000 ........ 200
5000 and 10,000 ...... 100

And in no case shall a Run be granted capable of containing more than 25,000 Sheep. In estimating Runs for great Cattle, one head of such Cattle shall be rated as six Sheep.

7. In case of any question arising as to attempts to evade the foregoing Regulation, or to obtain unduly the benefits thereof, the Commissioner shall have full power to decide such questions in such manner as may most effectually carry out the true spirit and meaning of such Regulation.

8. So soon after the time at which rent for a Run may have become payable under these Regulations, as the occupant may, in the opinion of the Commissioner, have sufficiently stocked the same, he will be entitled to a License to Depasture Stock upon it for fourteen years, in the form of Schedule A. hereunto annexed, and subject to the following conditions:—

1st. If at any time during the currency of such License the Land comprised therein, or any part thereof, shall be included within the boundaries of any Hundred, the said License shall cease and determine as to so much of the land as shall be included within such boundaries, from and after the day of the date of the Proclamation by which such Hundred shall be constituted.

2nd. If at any time during the currency of such License, the land comprised therein, or any part thereof, shall be sold by or on behalf of the Crown, then and in that case also the said License shall cease and determine as to so much of the land as shall be sold as aforesaid, from and after the day of the date of the Government Gazette in which notice of such sale shall be published.

3rd. The annual License Fee shall be in all cases at least five pounds, and each person who occupies a Run shall pay in addition a further License 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 currency of such License, such Annual Fees, and the Annual Assessment imposed by law, should not be paid by the holder of it, in the manner and at the time required by the Local Ordinance, and by these Regulations; then and in that case the License shall cease and determine, and the Commissioner of Crown Lands will thereupon be empowered to notify publicly the forfeiture of such License, 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 License 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 regarding the boundaries of their respective Runs, it shall be in the power of the Commissioner 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 afforded for the acquisition of homesteads on their Runs not exceeding eighty acres, to persons who may be desirous of purchasing the same; but the Government 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 homestead of the licensed occupier of a Run on which he has made improvements, such improvements will be valued by two arbitrators appointed respectively by the Government and by the lessee, or by an umpire chosen by them, and the homestead 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 License not become the purchaser, the value of his improvements, 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 License 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 offered to the holder of the license, or at any other price which it may judge expedient.

ISSUE OF TIMBER LICENSES.

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 License.

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

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