English to Italian Law/Patents Law: Contract(s)

Ecco la frase:

"THE REGISTRATION OF TITLES EACT
[...]
KNOW ALL MEN BY THESE PRESENTS that in consideration of the sum of shillings [...] by way of **stand premium** paid on or before the execution hereof the President of the republic of Kenya hereby grants unto XXX [...] all that piece of land situate in [...].

Grazie mille