endorsement, the money is ready; without it, it cannot be had. I admit that the responsibility of disappointing the natives is great; but at the same time, I cannot feel that it is the least degree falls on me. Will you please to offer the following suggestions to His Excellency. The payment required is for the extinction of the Native Title in lands which by such extinction becomes demesne of the Crown, applicable for Colonizing purposes, in accordance with the arrangements between the Home Government and the New Zealand Company. If the Company continue its operations after July next, there cannot be a doubt that my Bill (which I am fully authorised to draw), will be met by it; should it have discontinued, it is equally certain that the Home Government, which takes, under the Act of Parliament, all the