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2. Every lease shall be for a term of thirty-three years, to be reckoned from
   the next 1st day of January or July following the date of the lease, and shall in
   addition include the period between the date of the lease and such day. The
   lease shall be dated as on the day whereon the Land Board declares that the
   applicant has succeeded in obtaining the allotment.
3. Each lease shall contain a perpetual right of renewal for further successive
   terms of thirty-three years.
4. The land shall be divided into allotments as the Minister of Lands (here-
   after called “the Minister”) determines, and no lease shall comprise more
   than one allotment; but an allotment may comprise one or more sections of
   the settlement whereof it forms part; and, subject to the limit of maximum
   area prescribed by these regulations, the Land Board, with the approval of the
   Minister, may at any time before the disposal of any allotment alter the area
   thereof, or divide it into other allotments.
5. (1.) The yearly rental in respect of each allotment shall be an amount
   equal to 4½ per cent. on the capital value of the land (exclusive of the buildings
   thereon), computed in manner prescribed by section 51 of “The Land for Settle-
   ments Consolidation Act, 1900,” and shall be payable in equal parts, half-yearly,
   in advance, to the Receiver of Land Revenue, on the 1st day of January and
   1st day of July in each year, the first half-year’s rent being due on the 1st day
   of January or July first following the date of the lease, and being payable out
   of the hereinafter-mentioned deposit.
   (2.) With the first half-yearly payment rent shall also be paid for the period
   elapsed between the date of the lease and the due date of such half-yearly pay-
   ment.
6. Every application shall be in the form or to the effect set forth in the
   First Schedule hereto, and every applicant shall make the declaration therein
   set forth, or to that effect.
7. Every applicant shall, to the best of his ability, answer the questions set
   forth in his application, and such other questions relating to his means and ability
   to work the land and fulfil the conditions of the lease as the Land Board may
   see fit to ask. Failure to answer any such question to the satisfaction of the
   Land Board will entail the rejection of the application.
8. (1.) No application will be considered unless it is accompanied by a deposit
   consisting of an amount equal to the rent for the first half-year of the term of
   the allotment applied for, together with the sum of one guinea to defray the cost
   of the lease: Provided that, where more than one allotment is applied for, it
   shall be sufficient if a deposit is made equal to the half-year’s rent of the allot-
   ment whose rent is the highest.
   (2.) An applicant may apply for more than one allotment, provided that,
   together with the land he already holds, he does not apply for more than the
   maximum area prescribed by these regulations; but no person shall be allowed
   to acquire or to hold more than one allotment.
   (3.) If there is only one applicant for any allotment, he shall prima facie be
   entitled to be declared the successful applicant.
   (4.) If the applicant is successful in obtaining an allotment, his deposit, or
   a sufficient part thereof, shall be retained and applied in payment of the half-
   year’s rent, or of the half-year’s rent and sinking fund, in respect of such allot-
   ment, or of the interest only, as the case may be; the residue, if any, shall be
   returned to him; and if the deposit is insufficient, he shall forthwith complete
   the payment of the first half-year’s rent, or rent and sinking fund. There shall
   not be any right to withdraw any application or right to claim a refund of any
   deposit: Provided that the Board may, in its discretion, on application, permit
   the refund of any deposit on being satisfied that the application was genuine
   and made in good faith, and that the grounds for withdrawal are bona fide and
   not contrary to the spirit of these regulations.
   (5.) In cases where two or more applicants apply for the same allotment
   a ballot shall be taken by the Board to decide priority of choice.
9. No person shall be capable of applying for or holding any allotment in
   any of the following cases, that is to say:—