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Under this law £700,000 has been spent in buying-forty-nine estates, or portions of estates, for close settlement. The area bought is 187,000 acres. A few of these have, at the time of writing, not yet been thrown open for settlement; on the rest 2,252 human beings are already living. They pay a rent equal to 5.2 per cent. on the cost of the land to the Government.
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