Page 53 Advertisements Column 4

Nelson Examiner and New Zealand Chronicle, Volume I, Issue 14, 11 June 1842, Page 53

*-^ fbRIGINAL ADVERTISEMENT. NEW ZEALAND COMPANY. Governor — Josiph Somks, Esq. Deputy Governor — Hon. Feawcis Basins. Dikectoss. Viscount Ingestbe, M.P. Lord Petre. ; Hsnkt A. Aglionbv, Esq., M.P. ■ Jobn Ellbbkbb flouLcoTT, Esq. John William, Esq. ; William Taylob Copeland, Esq., Aid., U.T. Rcssel Ellice, Esq. James Rohurt Gowzn, Esq. John Hike, Esq. | William Hutt, Esq. M.P. ! l Stewart Mabjobibanks, Etq., M.P. \ Ross Donnelly Mangles, Esq., M.P. Sir William Moleswokth, Bart. Alexander Naibnk, Esq. ' John Pibik, Esq., Alderman. i Sir Geobgk Sinclair, Bart. | Joiin Abel Smith, Esq., M.P. William Thompson, Esq., Alderman, M.P. Hon. Fbkderick James Tollemachb, M.P. Edward G. Wakefibld, Esq. j Aethur Willis, Esq. Gcougk Frederick Young, Esq. TERMS FOR PURCHASE OF LANDS IN THE SECOND SETTLEMENT. | 1. The Company has determined upon the formation of if. i Second Settlement upon its territories in N« t Zealand, the | site of which will be selected by an expedition obe forthwith , despatched for that purpose. It is intend :d that the site chosen shall be the best that may be available at the time ci the selection being made ; and that the po lition, with reference to Port Nicholson and the rest of New Zealand, shall be such that the lands may reasonably be expected to advam. i 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, vix., 150 acres of rural land, SO 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. 1. The price of each allotment of 201 acres will be £ 300. 4. A deposit of on each allotment must be paid to t 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 i 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, euch purchaser will receive, for each j£3oo so paid, three separate land- , orders, viz., for the ISO acres of rural land, the 50 acres of accommodation hind, 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 1 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 111 1 a forfeiture of the purchaser's right of choice, and vest il 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 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 some price, and subject to the same terms in •very respect, as other purchasers. g. The sum of j£300,000 to be received by the Company as; the purchase-moneys of the hinds now offered, will be appropriated in the following manner, viz. : — jtflso,ooo to the exclusive purpose of emigration to this settlement. i j£IO,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 1 purposes next mentioned. i j< 50,000 to public purposes, for rendering the settlement commodious and attractive. As such] purposes, it is attended to apply to> religious uses and endowments for colonists of all denominations, to the establishment of a college in the settlement, and towards the encouragement 6f steam navigation, for the benefit of the settlement, by way of bounty. j .if 50,000 to the Company, for its expenses and profit on the use of its capital. Total, jtf 300,000 The Company undertakes to apply the purchase-moi>ey« 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£20,000, 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 j£20,000 will be reserved as a special fund, out of which, and to that extent only, allowances will be mode 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 rf2s 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 adjusting the same, according to the merits of each particular sase, and that no application for the allowance will be entertained, under any circumstances, after the expiration of the present year. 1 1 •• The Directors reserve a discretionary power of suspending the sales to the public generally, in case they should and it necessary to reserve any number of allotments for «al« to actual colonists. 13. The register of applications will be opened on Monday the Ist of March next, until which day bo applications 'will be noticed. Written applications for allotments will thenceforth be received and registered by the Secretary of the Company, until a day of which public notice will be nveo, when the land-orders will be awarded, strictiraccordks;** priority in the register of application* and to the result of *a» i ballot*; and all deposits received will be returned, at M*^ by reason of Cue 'shore role of priority, or from '*xr}.o|Mr ; cause, the Directors shall be unable to award tbt.aiiuiyip ; Und-ordeYtothewhobof t^^^^;^ Nrw Zealand House, Jom» W*M*l Mil?. ' BrsU-sasst-buildings, »eb. 14 IMI.