LAND REGULATIONS. —No. 2.— The Cook's Strait Settlements. TERMS OF PURCHASE OF LAND, UNTIL FURTHER NOTICE.

New Zealand Spectator and Cook's Strait Guardian, Volume V, Issue 425, 29 August 1849, Page 3

LAND REGULATIONS. —No. 2.— The Cook's Strait Settlements. TERMS OF PURCHASE OF LAND, UNTIL FURTHER NOTICE.

The Court of Directors of the New Zealand Company are prepared to dispose of Land in ihe Settlements of Wellington, Nelson, and New Plymouth, on Cook's Strait, in New Zealand, under the following terms, until further notice. Size and Price of Allotments. I. —The allotments of land in the settle-, ments of Wellington, Nelson, and New Plymouth, and their prices including the special contributions for emigration and other purposes mentioned in paragraph 2, will for the present be respectively as stated below. The allotments are to be taken at the contents in acres marked in the documents issued by the Company, or by its Principal Agent in New Zealand or other authorised officer, be the same more or less. The purchase of ths surface will include coal and all other minerals whatever, granted to the Company by the Crown and lying underneath the allotment purchased. When any suburban allotments are laid out and opened for selection, in the vicinity of any town or village, the prices will be stated.

Appropriation of Proceeds, 2.—The proceeds of lands sold under these terras, to the extent necessary to complete the quantities heretofore offered for sale in the said settlements respectively, will be appropriated in the following proportions and manner, viz.: — Wellington. Fund for Emigration and Supply of Labor:— Purchaser'spassage3s 4d.in.61, or 161 #-cent. 115s.in £1,0? Labor lls.Bd.in.£l,orsBjip'cent. J 75 If cent. Vendor's Fond 58. in £1, or 25 cent. Nelson. Fund for Emigration and Supply of Labor:— Parchaser'spassage3s 4a.in£],orl6f $-cent. JlOa.in £l,or Labor V 6s.Bd. in^l, or 33 J^cent. j" 50 per cent. Fund for Civil Uses :— Founding & Maintaining) 3s. 4d. in £1, or) 4s.Bd.in£l. the Settlement ) 16§ per cent j-or 23$ per Pablicobjects,steaml3.4d.in± ll,or6fperoent.) cent. Fund for Religious and Educational Uses :— Eeligiousendowments,&c.ls in.£l,orsp.oent.) 2s. in £1, or A College Is.in£l,orsp.cent. J lOper cent. Vendor's Fund., 3s.4.in£l, or 16f percent. New Plymouth. Fund for Emigration and Supply of Labor: Purchaser'spassage3s.4d.in£l.,orl6sp.cent. 1 13s4chin£l Labor 10s.in£l,or50pereent. j or66|p.cnt. Fund for Civil Uses: — Founding & Maintaining) the Settlement \ ls.Bd. in £1, or 8} ) 6s Bd.in£l, Public objects ) per cent. {■ or J3Jp.cntt Vendor'sFand ss. in £l,or2speroent. j When the quantities of land heretofore offered for sale in the said settlements respectively ace sold, the appropriation of the proceeds of subsequent sales will be subject to revision and alteration from time to time, in such manner as cirenmstances may render necessary or expedient.

Mode of making Purchases. 3. — Purchases of land may be made, under these terms, either in the United-King-dom under the provisions of paragraph 4, or in New Zealand under the provisions of paragraph 5. Regulations will be published from time to time by the Company's Principal Agent in New Zealand or other authorised officer, regarding the mode of selecting particular allotments, the times and places at which applications for such allotments are to be made, the way of making such applications, the payment of purchase money, and any other matters which may be requisite for the information or guidance of purchasers, in each settlement respectively. Purchases made in the United Kingdom. 4. — A person desirous of making, in the United Kingdom, a purchase of land under these terms, may either determine at the time the settlement in which the land is to be taken, or postpone such determination, at his own option. In the former case, he will -have a privilege of recommending -labourers as hereinafter mentioned. Such person will be required previous to his application being registered, to pay, either to Messrs. Smith, Payne, and Smiths, bankers iv London, or to the Commercial Bank of Scotland in Edinburgh, on the New Zealand Company's account, the full price, including the special contributions for the purposes mentioned in paragraph 2, of one or more entire allotments of the class of land, whether town or rural, which he wishes to obtain ; and to transmit the bankers' receipt to the New Zealand House, accompanied by a letter specifying the number and class of the allotments so paid for, stating at full length the name, surname, and residence of the person in whose favour a certificate of payment is required to -be prepared, and (if he be desirous of recommending labourers) naming the settlement in wiiich the land is to be taken. In exchange for the said recnpt, a certificate will be issued, under the seal of the Company, entitling the party therein named to credit for the sum stated, without interest, as payment for the allotments which he may select accordingly. A purchaser of land under the provisions of this paragraph will be entitled to select the same, either by himself or his agent, in entire allotments, and under the regulations in force at the time of selection in the said settlements respectively, out of any lands of the class specified, in any of the said settlements, (or in tfee particular settlement named, as the case may be) which may then be laid out and declared by the Company's Principal Agent or other authorized officer to be open for such selection. Each allotment will be assigned to the person who, after paying in full, may first make application for it at the place and in the way vhich may be respectively appointed under the regulations in force in the settlement, simultaneous applications being decided by lot. For lands purchased under the provisions of this paragraph, conveyances will be executed with as little delay as may be practicable. A purchaser under the provisions of this paragraph will be entitled, at anj time within twelve months from the date of making the payment in the United Kingdom, to receive 3s. 4d. in £1, or 16f per cent. (One-sixth) of the sum so paid, as an allowance towards defraying the expense actually and reasonably incurred for the passage of himself and his family to any one of the said settlements, at the rates laid down by the company. X such purchaser, at the time of transmitting the bankers' receipt, shall also name the particular settlement in which 'the land is to be taken, he will have the privilege, at any time within twelve months from the date of payment in the United Kingdom, of recommending labourers for passages to the settlement named, under the general regulations of the Company, to the extent of the proportion of the sum so paid stated in paragraph 2 as a fund for the supply of labour in that settlement; and the expense of the passage of the said labourers to the settlement named, if they be approved by the Court of Directors, will be defrayed either in whole or in part, in accordance with those regulations, out of the said fund., Passages will be reserved for purchasers ,ahd for labourers recommended by them as above and approved by the Court, iv the ships chartered by the Company, provided that applications for such passages be made six weeks before the sailing of the ship in which the parties desire to proceed. If, through any neglect of the purchaser, the passage-allowance be not claimed, or the labourers be not recommended, within the period of twelve months from|the date of payment in the United Kingdom, all claim to the said allowance, or to the said privilege of recommending labourers, respectively, will become forfeited. Purchases made in Aetc Zealand. 5, — A person desirous of making, in New Zealand, a purchase of land under these- terms

will be required to pay the full price, inclu--ding the special contributions for the purposes mentioned in paragraph 2, to the person appointed to receive the same, under the regulations in force at the time, in the settlement where the land is situated. Each allotment will be assigned to the person who, after paying in full, may first make application for it at the place and in the way which may be respectively appointed under the regulations in force in the settlement, simultaneous application being decided by lot. For lands purchased under the provisions of this paragraph, conveyances will be executed with as little delay as may be practicable. With the exception mentioned in paragraph 6, purchasers under the provisions of this paragraph will not be entitled to passage allowance. Such purchasers will l>ave the privilege of recommending labourers to the same extent and under the same conditions as purchasers who have that ptivilege under the provisions of paragraph 4 ; with the exception only that written notice .of the desiie to make such recommendation and full particulars of the labourers recommended, must be given to the Company's Resident Agent in the settlement within six months f from the date of making the payment in New Zealand. Purchasers from India or Ceylon. 6. — Purchasers proceeding direct to any of the settlements above-mentioned, from India or Ceylon, will be placed so far on the same footing as purchasers in the United Kingdom, as to have the like" allowance for the passage of themselves and their families to the settle^ ment at which they may first land ; provided the amount be shown to the satisfaction of the Company's Principal Agent to have been actually and reasonably 'expended on such passage, at rates proportionate to those of the Company from England ; and provided also that the interval between the purchaser's first arrival in any one of the said settlements, and his purchase, (whichever be prior in order of time) do not exceed Twelve months. Disputes among Individuals. 7. — Disputes among applicants and purchasers are to be determined either by arbitration or by lot, if the parties concur in desiring either of these modes of decision ; and, in default of such concurrence, by the Company's Principal Agent or other authorised Officer. Such determination to be in every case conclusive and binding as against all parties interested. j But if the Company's Agent or other officer decline to give any decision, the parties to be at liberty to have recourse to such remedy as they possess, at law or in equity. By order of the Court, Thomas Cudbert Harrington, Secretary. New Zealand House, 9 Broad-street Buildings, London, March 23, 1849.

'own of l'etre— allotment ot J acre.. £l2 10 Lural — allotment of 25 acres 50 0 Nelson. "own — allotment of I acre ,j£l2 10 Lural — allotment of 25 acres 50 0 New Plymouth. 'own — allotment of \ acre £\2 10 Lural — allotment of 25 acres „,,,. 50 0

Wellington.