Page 41 Advertisements Column 4

Nelson Examiner and New Zealand Chronicle, Volume I, Issue 11, 21 May 1842, Page 41

ORIGINAL ADVERTISEMENT. NEW ZEALAND COMPANY. Governor— Joseph Sohbs, Esq. Deputy Gonrnor— Hon. Fbancis Baiix Q. Dibbctobs. Viscount Inobstbb, M.P. Lord Pbtre. Hbnbt A. Aglxonby, Esq., M.P. John Ellbuxbb BotfLCOTT,pEsq. John William, Esq. William Tatlob Copeland, Esq., Aid., M.P. Rcssel Ellice, Esq. Jambs Robert Gowen, Esq. John Hinb, Esq. William Hutt, Esq. M.P. Stbwabt Mabjobibanks, Esq., M.P. Ross Donnbllt Mangles, Esq., M.P. Sir William Molbbwobtb, Bart. ALEXANnn Naibne, Esq. John Pibie, Esq., Alderman. Sir Geobq* Sinclair, Bart. John Abbl Smith, Esq., M.P. William Thompson, Esq., Alderman, M.P. Hon. Fkbdbbick Jambs Tollemache, M.P. Edwabd G. Wakefield, Esq. Abthub Willis, Esq. Gbobgb Fbedebick 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, vii., ISO acres of rural land,- SO acres of accommodation land in the immediate proximity of the town, and one tow»_ 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 301 acres will be jff3oo. 4. A deposit of j£3o on each allotment must be paid to the Company's bankers, Smith, Patne, 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 apphed for.. 5. On payment of his full purchase-money, each purchaser will receive, for each j£3oo so paid, three separate landorders, viz., for the 160 acres of rural land, the SO acres of accommodation land, and the town sere 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, snd 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 occasiop 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. 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 j£300,000 to be received by the Company as the purchase-moneys of the lands now offered, will be appropriated in the following manner, vis. : — j&150,000 to the exclusive purpose of emigration to this settlement. j£60,000 to defray the Company's expenses ia selecting the site and establishing the settlement. Any surplus of this fund to be applied to the purposes next mentioned. jfi 50,000 to public purposes, for rendering the settlement commodious and attractive. As such purposes, it is attended to apply jffis,ooo to religious uses an J endowments for colonists of all denominations, dS 15,000 to the establishment of a college in the settlement, and j£20,000 towards' the encouragement of steam navigation, for the benefit of the settlement, by way of bounty. j£50,000 to the Company, for its expenses and profit on the use of its capital. Total. jffSOO.OOO The Company undertakes to apply the purdase-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£ao,ooO, 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 je°So,ooo 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, iheir families, and servants, to the settlement. The amopot of the allowance will in no case exceed jffss 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 respectivs applications for the same. Particular regulations relative to the mode of obtaining .cabin- patsage allowances will be .hereafter issued ; but it is Jto be distinctly understood that die Directors reserve the 'power of granting, withholding, ot adjusting the same, according to the merits of each particular case, and that no application for the allowance will be entertained, under any circumstance!, after the expiration of the present year. 11. The Directors reserve a discretionary jwwer of suspending the sales to. the public generally, in ease they should find it necessary to reserve any number of allotments for sale to actual colonists? * 1». The register of appQestions will be opened on Monday the Ist of March next, tmtil which day no applications will be noticed. Written applications for allotments will theme- 1 forth be received and registered by the Secretary of the . Company, until a day of which public notice will be given, when the lsafl-orders will be awarded, strictly according to priority in the register of applications and to dtthe ballots; and all deposits received will be returned, in tsK, by reason of the above rule of priority, or from *aay other cause, the Directors shall be unable to. award the rtqsJrs& land-orders to the whole of the applicants. By order of the Court, New Zealand House, Jokh Wa-jdJ See. Bread-street-buildings, Feb. is, imi.