(1) The cost, to be
fixed by the Minister, of the fencing wire and wire netting so supplied, with
interest, sinking fund contributions, and other charges as prescribed, shall
be payable by the settler by fifty equal half-yearly instalments.
(2) Every approval of
an application for the supply of fencing wire and wire netting shall be
subject to security being given by the settler to the satisfaction of the
Minister for the payment as aforesaid as a first charge on the settler's
holding, and other land improved by the use of such fencing wire and wire
netting.
(3) If the holding or
other land as aforesaid of the settler is subject to a mortgage to the
agricultural Bank, or the Industries assistance Board, the mortgage to be
given to the Minister shall rank pari passu with the mortgage to the
agricultural Bank, and in priority to the mortgage to the Industries
Assistance Board.
(4) The cost of
transit from the port of entry to the settler's land shall be payable by the
settler as prescribed.