At above rate, in twenty years the farm is half paid for, and during that time the farmer has had the use of the farm for much less than a fair rental. At the end of the twenty-first year, he is expected to pay the remaining half. Taking money as worth 5 per cent., this is equivalent to selling the land at half the proclaimed price. Deposit Money. 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. Conditions for Agricultural Farms. Maximum area, 2,560 acres (this, however, is allowed only in remote districts); price, from 10s. per acre upwards. The land must be fenced within five years, or other improvements effected equal in value to the cost of fencing. Five years’ personal residence or occupation as the case may require; thereafter, until made freehold, the condition of occupation must be performed. Negotiable Leases. The lease may be obtained as soon as the improvements are completed, and can be mortgaged, or, with the permission of the Minister, the land may be subdivided, transferred, or sublet. Exceptions. Agricultural homesteads and free homesteads cannot be mortgaged. Agricultural selections and prickly-pear selections obtained under five years’ residence priority cannot be mortgaged during the first five years. Agricultural Homesteads. The price for a homestead is 2s. 6d. per acre, the annual rent 3d. per acre, the terms ten years’ personal residence, and the maximum area 320 acres. Agricultural Homestead Conditions. Land must be fenced within five years, or improvements made equal to value of such fence. When five years of residence have been performed and improvements effected, the selector may pay up the remaining rent, so as to make his total payments equal to 2s. 6d. per acre, and obtain deed of grant. Grazing Farms—Area. The total area held by one person must not exceed 60,000 acres, but when the area exceeds 20,000 acres the annual rental at the notified rental must not exceed £200. Grazing Farms—Rental, Term, Conditions, &c.