To meet the depressed state of the land larket, and to encourage bond fide settlers, lieso farms are offered at tho exceptionally jw rate for rich deep soil of from £2 10s to !5 per acre according to locality and improve aents. Interest at 6 per cent per annum on □paid purchaso money. These will be the srms for purchaso, and parties making a eposit will be given special advantages. These prices will form the basis of leasing inns, tho rent of which will be equal to from sto 6s, with the option' of purchnso at any ime during the period of the lease, the uration of which is fixed for a term of 5 ears with purchasing clause. As it iB too late now to put m cropa this ear, arrangements can bo made that interest r rent will only become chargeablo as from st July, 1886, while immediate possession an bo given to enable farmers to make their reparations for next season. For further particulars, ie, apply to CHARLES WM. EICHBAUM, jand Agent, Pleasant Point, on behalf of the Association ; or MESSRS JONAS & BOURN, Auctioneers, &c, Timaru. MESSRS MUNDELL & CO., Auctioneers, &c, Geraldine. MR K. F. GRAY, Auctioneer, &c, Temuka. JAMES A. GRACIE & CO., D. MACLEAN, 11-7 4776 Timaru. IPLENDID DAIRY AND AGRICUL- TURAL FARMS. Co Let on 12 Years' Leases, with power to Purchaso by tho Tenant. rllE NEW ZEALAND AND AUS- TRALIAN LAND COMPANY (Ld.) re now prepared to Let, at moderate rentals, oino of the llnest Dairying Lund m New Zealand, Bituatck on their EDKNDALE Estate, iv close proximity to the Dairy factory. Tho Land is all under English Jrass, and on several of the Farms largo }welling:houses are erected. Compeusation rill be given to outgoing tenants at tho xpiry of their leases for approved farm mildings erected by them. Farmers m tho ocality who last Beason supplied milk to the )airy grossed from £6 to £8 per cow, and ho opportunely now offered should be pecially attractive to settlers with working amilies. The Company are also prepared to Let LGRICULXURAL FARMS on their TO- L'ARA, LEVELS, PAREORA, ARD- JOWAN, and WAITEPEKA Estates, the iand on which is well known to bo unsur- >assed m the colony. 