Page 29 Advertisements Column 4

Nelson Examiner and New Zealand Chronicle, Volume I, Issue I, 30 April 1842, Page 29

ORIGINAL ADVERTISEMENT. NEW ZEALAND COMPANY. Governor — Joseph Somes, Esq. Deputy Governor— Hon. FbAhcis Babhto. DIXICTOm*. Um^'+.'v Viscount Irgestbe, M.P. Lord Pctke. H*nkt A. Aglionbt, Esq., M.P. John Ellxbxsb BouLCOTT,|Eiq. John William", Esq. William Tatlok Copeland, Esq., Aid., M.P. Russel Ellicb, Esq. James Robbxt GoWen, Esq. John Hine, Esq. William Hutt, Esq. M.P. Stxwabt Mabjoxibanks, Esq., M.P. Ross Donnelly Mangles, Esq., M.P. Sir William Moleswobth, Bart. Alexanoxb Naibnb, Esq. ' John Pibie, Esq., Alderman. Sir Gboxge SinClaix, Bart. John Abel Smith, Esq., HI. P. William Thomtsou, Eta., Alderman, M.P. Hon. Frederick James Tollemache, M.P. Edward G. WAfctf iritttta, Esq. ' Axthub Willis, Esq.' h ' Geoxge Fxxsebick Youho, Esq. TERMS FOR PURCHASE OF LAMPS IN THE 3E- - , _, COND_ i SETW,EM a B^ l __. .^ t 1. The Company has'iietermined upon the formation 'of a Second Settlement upon its territories itt 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 ; uni 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 l.tipo 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 jfc?3oo. 4. A deposit of jt?so on each allotment must be paid to the Compsjur's bankers, Smith, Path*, 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 chum of the applicant to the land applied for. 5. On payment of his full purchase-money, each purchaser will receive, for each .£3OO so paid, three separate landorders, viz., for the 160 acres of rural land, the CO 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 regulations in regard to any section, shall occasion a forfeiture of the purchaser's right of choice, and vest it in the Compauy'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 221,100 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. 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. 9. The sum of £ 300,000 to be received by the Company as the purchase-moneys of the lands now offered, will be appropriated in the following manner, viz. : — jfflso,ooo to the exclusive purpose of emigration to this settlement. jff6o,ooo to defray the' Company's expenses in selecting the site and establishing the settlement. Any surplus of this fund to oe applied to the purposes, next mentioned. j£50,000 to public purpose*, &>r rendering the settlement commodious and attractive. As such ' purposes, »t is attended to apply j£ 16,000 iO religious uses and endowments for colonists of all denominations, £\ 5,000 to the establishment of a college in the settlement/and towards the encouragement of steam navigation, for the benefit of the settlement, by way of bounty. ' tt 50,000 to the Company, for its expenses and profit on the use of its capital. Total . jc°3oo,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 jC20,000, will be expended in conveying to the new settlement labouring persons, eligible according to the regulations now in force in reference to the first settlement. The will be reserved as a special fund, out 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 jf2s 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 then- 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 adjusting the same, according to the merits of each particular case, and that no application for the allowance will be entertained, under any circumstances, after -the expiration of f£e present year. 11. The Directors reserve a discretionary power of suspending the sales to the public generally, in case they shotu£ find it necessary to reserve any number of allotments for sale to actual colonists. 12. The register of applications will be opened on Monday the 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 of 4be Company, until a day of which puhSc notice will be gives, when the land-orders will be awarded, strictly according to priority in the register of applications and to the result of the ballots; and all deposits received will be rotumoA, in case, by reason of the above rule of priority, or from any«to*r cause, the Directors shall be unable to award to* nqsired land-orders to the whole of the applicants. By order of the Court, - New Zealand House, Jour Vuo, Sec BMsd-street-bufldings, Feb. 15, l^il. _ . j