Page 17 Advertisements Column 4

Nelson Examiner and New Zealand Chronicle, Volume I, Issue 5, 9 April 1842, Page 17

S ORIGINAL ADVERTISEMENT. NEW ZEALAND COMPANY. Governor— Joseph Somes, Esq. Ueputy Governor— Hon. Fhancis Baking. Dirbctoxs. Viscount Inqbstue, M.P. Lord Petre. Hknuy A. Aglionbt, Esq., M.P. John Ellerkkr Boulcott, Esq. '. John William, Esq. . „ . William Taylor Coiiund, Esq., Aid., M.P. - Russel Ellicb, Esq. Jamks Robert Gowen, Esq. John Hinb, Esq. William Hutt, Esq. M.P. Stewart Marjoribanks, Esq., M.T. Ross Donnelly Mangles, Esq., M.P. < Sir William Molbsworth, Bart. Alexander Nairnk, Esq. John Pikie, Esq., Alderman. Sir Gkoxge Sinclaiu, Bart. f John Abel Smith, Esq., M.P. William Thompson, Esq., Alderman, M.P. Hon. Frederick James Tollkmache, M.P. Edward G. Wakefiuld, Esq. Author Willis, Esq. Giokge Fredkrick Young, Esq. TERMS FOR PURCHASE OF LANDS IN THE SECOND SETTLEMENT. 1. The Company has determined upon the formation of a Second Settlement upon its territories in New Zealand, the site of which will be selected by an expedition, to be forthwith despatched for that purpose. It is intended that the site chosen shall* be the best that may be available at the time of the selection being made ; and that the position, with reference to Port Nicholson and the rest of New Zealand, shall be such that the lands may reasonably be expected to advance in value with the utmost rapidity. The Company, therefore,, hereby offers for sale 201,000 acres of land in the proposed Second Settlement, upon the following terms : — 2. The lands are offered in 1,000 allotments of 201 acres each. Each allotment will consist of three sections, viz., 150 acres of rural land, 50 acres of accommodation land in the immediate proximity of the town, and one town acre. The town will therefore comprise 1 ,000 acres, exclusive of reserves for public objects, such as streets, squares, churches, cemeteries, markets, and public gardens or parks. 3. The price of each allotment of 201 acres will be jt?3oo. 4. A deposit of je?3o on each allotment must be paid to the Company's bankers, Smith, Payne, and Smith, and the bankers' receipt produced and filed, previous to any application being registered at the Company's house. The residue of the purchase-money will be required on a day of which public notice will be given. In case of default in payment of such residue by the day appointed, the deposit will thereupon become forfeited to the Company, together with all claim of the applicant to the land applied for. fi. On payment of his full purchase-money, each purchaser will receive, for each jc?3oo so paid, three separate landorders, viz., for the 160 acres of ru-al land, the 50 acres of accommodation land, and the town acre respectively. These lands are to be severally selected according to priority of choice, to be determined by lot, as hereinafter mentioned. 6. Three several ballots for priority of choice of the rural sections, accommodation sections, and town sections, in manner to be arranged by the Directors, will take place at the Company's house in London, in the presence of the Directors, and of such purchasers or their agents as may attend, on days of which public notice will be given. The choice of the allotments, of which priority shall have been so determined; will take place in the settlement, as soon after the arrival of the first body of colonists as the requisite > surveys and plans shall have been completed, and under such regulations as shall be prescribed by the Company's agent, duly authorised in that behalf. Neglect or refusal to comply with such Tegulations m regard to any section, shall occasion, a forfeiture of the purchaser's right of choice, and vest it ) in the Company's officer in behalf of such purchaser. 7. The Company engages, subject to an arrangement with ' her Majesty's Government, to add to the 201,000 acres 1 offered for sale, a quantity equal to one-tenth thereof as native reserves ; so that the quantity of land to be appro- • priated will in fact consist of 221,100 acre*, and the town of 1,100 acres. The plan of the native reserves in the first: settlement will be followed, unless the regulations of her' Majesty's Government, or any unforeseen difficulty, should" prevent its adoption. 8. The Company reserves the right of purchasing a number not exceeding 100 of the 1,000 lots offered for sale, for its own benefit, at the same price, and subject to the same terms in every respect, as other purchasers. g. The sum of to be received by the Company as the purchase- moneys of the lands now offered, will be appropriated in the following manner, viz. : — to the exclusive purpose of emigration to this Kettlement. to defray the Company's expenses in select* ing the site and establishing the settlement; Any surplus of this fund to be applied to the purposes next mentioned. je?so,i)oo to public purposes, for rendering the settle- - merit commodious and attractive. As such purposes, it is attended to apply .£15,000 to religious uses and endowments for colonistsof till denominations, jC. 5,000 to the establishment of a college in the settlement, and j?-20;000 towards the encouragement of. steam navigation, for the benefit of the* set* tlement, by way of bounty. jb*oo,o<lo to the Company, for its expenses and profit on the use of its capiul. . » \ ' Total . jtfSOO.OOO The Company undertakes to apply the purchase-moneys in the proportions stated, or as nearly so as may be practicable, to the several objects previously specified. 10. The whole of the emigration fund, with the exception of j£2O,COO, will be expended in conveying to the new settlement labouring persons, eligible according to the.tegulations now in force in reference to the first settlement. The ;e?20,000 wiH be reserved as a special fund, out of which, and to that extent only, allowances will be made to purchaser* towards the cost of cabin passages for themselves, their families, and servants, to the settlement. 'The amount of the allowance will in no case exceed JStb per cent, of the pur-chase-money paid by the colonists; ud, 'he fund being limited a* above mentioned, preference vrm be ir yen to the applicants for the allowance in the order of f>. - r respective application* for the same. Particular regulation* 'relative to the mode of obtaining cabin-passage allowances ■will be hero- , jitter is«u«d ; but.^it iv tj^bfcvdistkictl? understood that the Directors Y^enre the poker' of granting^ whhholduuri^on adjusting the same, accdr^ng to the merits of each gimewar ewe, and that no application for the allownace will Tflrattfcr-] tamed, under any circuimumee*, after .the expiratHtefflraNtij present yctr. " — >n -'- — .-t ->, ■'", 11. The Directors reserve a dUcretinnary power o/ susotood- 1 ing 1 tin; sale* to the public generally, in cane they should nn^t it necessary t° reserve »xty number of allotments for s:;> to' actual colonist** IS. The register of *pplic«tions will be opened on Monday ttbc Ist of March next, uotU which day no application*, wiflj be noticed. Written apphcafcuns for allotmcm will thence-] forth be received and registered by the Sc:irnry ot tket Company, until a day of which pubi-c no 1 ice "ill be given, when the land-orders vill be awarutd, 'trietly uceordinr to priority in the Mgister of applications aud to the result ofifcbl ballot*; and all deperits rcctiv-jd will bo re tuned, va. cftjfe. ■by reason of the above rule or pneru;. or 1.-- n avy othvr I caute l the Directors sh&i 1 . be unable to a-n^rd (he ttqutrid' t*nd-ord«is to the whole of tije applicants. By order, of thi Coart, ; V* :-l N**Sp*tai* Bcose. Itobv Wxvb. «<ni£jl Brosra-fttrtftt-baildiogs, Feb. l», 1841.