£2 for every additional thousand:

And most historians have leant rather to Lowe than to Lord Grey. The Order in Council, says Jenks, undoubtedly gave an opportunity to the squatters to gain a moral, and in some cases a legal, title to the freehold of their runs.2 Coghlan, while not altogether condemning Lord Grey, thinks that it cannot have occurred to him that the interests of the squatters were opposed to the interests of the other colonists.l 'Gipps', says Roberts, 'had fought for security but not an irrevocable security, for rights but not permanent rights .