ms of repayment extending over a long period of years up to, as
in the States of New South Wales and South Australia, thirty-one years.

NEW SOUTH WALES.

In the coastal districts of New South Wales and throughout a vast extent
of the northern and central tableland districts dairy farming is a
profitable and constantly-expanding industry.

In the older settled district of Illawarra, comprising the greater
portion of the south coast district, dairying has been the main industry
for many years, and there is not much first-class land unoccupied. There
is, however, in this district ample scope for tenant farmers and for
dairying on shares on several large estates where the experienced man of
small means with children old enough to help in the work can make a good
living, and save with the object of later on obtaining a farm of his
own. In the north coast district the strides being made in dairying are
phenomenal. There is a fair amount of first-class unimproved bush
country available for settlement on the upper reaches of the Tweed and
Richmond Rivers, and large estates have been subdivided by private
owners, and offered for sale on very easy terms at from $19.20 to $28.80
per acre. Many farmers who find that better returns can be obtained by
carrying a decreased number of specially good cows on a small area
intensively worked are ready to dispose of areas, so that a new-comer
with capital necessary to acquire land in this highly-favoured district
can soon be suited. Owing to the big returns from dairying in the best
parts of the settled portions of the north coast, land values are high,
ranging to over $96.00 per acre.

Suitable areas of Crown lands are brought forward from time to time in
districts adapted for dairying at prices, as a rule, lower than the
lands in private subdivisions.

In the central and north coast district there are several large private
subdivisions of excellent dairy land. In the tableland districts, where
the rainfall averages 30 in. per annum, dairy farming has taken firm
hold. Private owners are also cutting up tracts of splendid
partially-improved land, and offering it at from $19.20 to $28.80 per
acre, on liberal terms.

The natural grasses of New South Wales, especially in the well-watered
districts along the coast, grow in great luxuriance, and are rich in
milk-producing qualities. In many districts imported grasses, such as
Rhodes, Paspalum dilatatum, and Philaris, rye grass and