—(1) At the expiration of that period of 3 months the Minister shall consider the specification and the objections thereto, and if after such consideration he decides that the work shall be carried out, the committee referred to in section 5, or another like committee appointed by the Minister, shall make a further specification showing —
the lands to be benefited by the work, including State lands, distinguishing the various holdings;
the extent of each holding;
the name of the owner or reputed owner of each holding; and
the proportion of the cost of the work to be borne by each holding, which need not necessarily be determined by the extent of the holding.
(2) In estimating the proportion of the cost to be borne by each holding, the committee shall take into consideration not only the extent of the holding, but also the relative amount of benefit which it may be expected to derive from the execution of the work in comparison with other lands benefited.