Page 26 Advertisements Column 1

Nelson Examiner and New Zealand Chronicle, Volume I, 23 April 1842, Page 26

/* ORIGINAL ADVERTISEMENT. NEW ZEALAND COMPANY. Gorernor-^Josspa Somes, Esq. Deputy Governor— Hon. Fbancib Bamno.' Diukctoks. Viscount Ingeitbx, M.P. Lord Pbtek. Hknkt A. Aqliorby, Esq., M.P. John Ellckkxk Boolcott, Esq. Jonif William, Esq. „- William Tatlo* Copeland, Esq., Aid., >»P. Rdssel Ellice, Esq. * James Robkbt Gowen, Esq-. John Hine, Esq. William Hut*, Esq. M.P. - Stewa&t Makjohi banks, Esq., M.P.jfcp* Ross Doniti:lly Mangles, Esq., M.P. Sir William Mollbwoktb, Bart. Alexandsb Naiknk, Esq. Joms Pikik, Esq., Alderman. Sir Gbokge Sinclair, Bart. John Abbl Smitb, Esq., M.P. William Thompson, Esq., Alderman, M.P. Hon. Kudeiici James tollemache, M.P. Eowabd G. Wakefield, Esq. AaTftua Willis, Esq. s, Geobob Fkbobkick Yocmo, 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 aite 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 oi the selection being mode; and that the position, with reference to Port Nicholson and the rest of New -Zealand, shall be such thft 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 Becond Settlement, 'upon the following terms:— S. The lands are offered in 1,000 allotments of 201 acres each. Each allotment will consist of three sections, vix., 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, aud public gardens or parks. S. The price of each allotment of 201 acres will be j£3oo. 4. A deposit of on each allotment must be paid to the Company's bankers. Smith, Patne, and Smit*, 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. 5. On payment of his full purchase-money, each purchaser will receive, for each 4?300 so paid,* three separate landorders, viz., for the ISO acres of rural 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. 0. 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 surreys and plans shall have been completed, and under such regulations as shall be prescribed by the Company's agent, duly authorised in that Dehalf. Neglect or refusal to comply with such regulations in 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 offered -for sale, a quantity equal to one-tenth thereof as native reserves ; so that the quantity of land to be appropriated will in fact consist of 231,100 acres, 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. ' 6. 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 •very respect, as other purchasers. ft. The sum of jc?300,000 to be received by the Company as the purchase-moneys of thelands now offered, will be appropriated in the following manner, vis. : — jc?160,000 to the exclusive purpose of emigration to this settlement. jffsO,ooO to defray the Company's expenses in selecting the site and establishing the settlement. Any surplus of this fund to be applied to the purposes next mentioned. 4*50,000 to public purposes, for rendering the settlement commodious and attractive. As such purposes, it is attended to apply j£l 5,000 to * religious uses and endowments fqr colonists of all denominations, dS ! 5,000 to the establishment of a college in the settlement, and j6?20,000 towards the encouragement of steam navigation, for the benefit of the settlement, by way of bounty. r jtfSO.OOO to the Company, for its expenses and profit on the use of its capital. Total. jff3oo,ooo . The Company undertakes to apply the purchase-moneys in the proportions stated, or^anearly so as may be practicable, to the several objects previously specified. 10. The whole of the emigration fund, with the£exception of jb?2O,COO, will be expended in conveying- to the new settle- . ment labouring persons, eligible according to the- regulations ■^now in force in reference to the first settlement. The «ff20,000 will be reserved as a special fund, otit of which, and to' that extent only, allowances will be made to purchasers 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 dSVb per cent, of the pur-chase-money paid by the colonists; and, the 'fund being limited as above mentioned, preference will be given to the applicants for the allowance in the order of their respective applications for the same. Particular regulations relative to the mode of obtaining cabin-passage allowances will be hereafter issued ; but it is to be distinctly understood that the Directors reserve the power of granting, withholding,' or adjustirie the same, according to the merits of each particular ease, and that no application for the allowance will be entertained, under any circumstances, after the expiration of the present year. 11. The Directors reserve a discretionary power of suspending the- sales to the public generally, in case they should find it necessary to reserve any number of' allotments for sale to actual colonists. v IS. The register of applications will be opened on Monday toe Ist of March next, until which day no applications will be noticed. Written applications for allotments will thenceforth' be received and registered by the Secretary cTMhe Company, until a day of which public notice will be given, when the land-orders will be awarded, strictly according to *> -priority in the register of applications and to the result of the rWlots; and all deposits received will be returned, us case, b> reason of the above rule of priority, or from any other cakse, the Directors shall be unable to award the required lanfcforders to the whole of the applicants. v - By order of the Opart, u-.. L . New Zealand House, Jo aw Wabd, Sec. Hnroad-stree^buildings, Feb. 15, 1841. F■ ■ —