—No. 3.— The Cook's Strait Settlements. TERMS OF PASTURAGE, UNTIL FURTHER NOTICE.

New Zealand Spectator and Cook's Strait Guardian, Volume v, Issue 426, 1 September 1849, Page 4

—No. 3.— The Cook's Strait Settlements. TERMS OF PASTURAGE, UNTIL FURTHER NOTICE.

The Court of Directors of the New Zealand Company are prepared to allow, until further notice, the issue of Licenses for the pasturage of lands at the disposal of the Company in the settlements of Wellington, Nelson, and New Plymouth, on Cook's Strait, in New Zealand, under such regulations, subject to the following conditions, as may be prescribed from time to time bj the Company's Principal Agent in New Zealand, or other officer duly authorised in that behalf. Duration of Licenses. 1. — Licenses for the pasturage of land in the several settlements of Wellington, Nelson, and New Plymouth, while such land continues unappropriated, and not required for any purpose other thau pasturage, to be granted for periods not exceeding one year, nor less than six months, to end on the 31st of December in each year, but to be otherwise sooner determinable as hereinafter mentioned. Licensees. 2. — The persons qualified to hold such licenses in each settlement respectively, on making application as hereinafter mentioned, to be the owners of not less than twenty-five acres of rural land in the same settlement under titles originally derived from the Company ; or, with the consent of such owners, their immediate lessees or tenants to the like extent ; in the latter case, however, the owner not to be qualified to hold a pasturage license in respect of the same land as his tenant.

Application for Licenses. 3. — Applications for such licenses to be made in writing, to be delivered, within the periods hereinafter mentioned, to such persons and at such times and places as may be appointed by the Company's Principal Agent or other authorised officer ; and to contain the following particulars, or such others as the said agent or other officer may deem necessary, viz. — Name and residence of the applicant; Quantity of rural land under titles originally derived from the Company, held by the applicant in the same settlement as owner, and not let to any lessee or tenant ; Quantity of rural land under titles originally derived from the Company, held by the applicant in the same settlement as the immediate lessee or tenant of the owner, with the name and residence of such owner. Number and description of the live stock proposed to be depastured under the license. Apportionment of Pasturage. 4. — The extent or amount of pasturage to be enjoyed by each licensee, and the mode of using the same, to be decided in each settlement by the Wardens elected annually under the following arrangements ; but no license' to be granted within the boundaries of any of the said settlements for any Defined PasturageRun :—: — - A public advertisement to be issued by the Company's Principal Agent or other authorised officer, in the month of October in each year, calling a general meeting of the persons qualified to hold licenses in the settlement, to be held on a specified day in the ensuing month. At the meeting held accordingly in the month of November, three Wardens to be elected by a majority of votes, for the year commencing on the Ist of December then next ensuing ; each person duly qualified and present at such meeting to have one vote ; the Company's Principal Agent or other authorised officer to preside, but to have no vote, except in the case of an equality of votes. In the event of the death, resignation, or refusal to act of any of the Wardens so elected, the remaining Wardens to supply the vacancy by electing his successor within one month. Applications for licenses, in the prescribed form duly filled up, to be delivered to the appointed persons and at the appointed times and places on or before the 15th days of the months of November and May respectively. Licenses, to take effect respectively on the Ist of January and the Ist of July then next ensuing, to be issued to applicants duly qualified, and a list of the licensees with an abstract of the contents ot their several applications to be supplied to the Wardens, by the Company's Principal Agent, or other authorised officer, on or before the last days of the said months of November and May. The pasturage in each settlement to be apportioned, the mode of using to be decided, and the parties interested to be apprised accordingly, by the Wardens, in the months of December and June for the half-years commencing respectively on the Ist of January and on the Ist of July then next ensuing. In such apportionment, regard to be had to such general rules as the said Wardens may deem suited to the circumstances of the case or to the condition of each settlement respectively ; the privilege of pasturage, however, to be in proportion to the quantity of Rural Land in respect of which each license may be held. New purchasers of land, being duly qualified and making the requisite application, to be admitted to a proportionate privilege of pasturage at each half-yearly apportionment. In every case,, the apportionment of the pasturage and the regulations as to the mode of using it to be agreed to by two at least of the Wardens for the time being ; in the event of their failing, from non-agreement or other cause, to make any such apportionment and regulations within the respective months of December and June, or to fill up a vacancy within one month after such vacancy occurring, the powers hereby intended to be conferred upon such Wardens in regard to those duties respectively, to be thereupon held and exercised in each case respectively by the Company's Principal Agent or other authorised officer. Yearly Charges on Licenses. 5, — The said licenses to be subject to no charge whatever, except the fee mentioned in the next paragraph. Fees on Licenses. 6. — On the issue of each license, a fee to be paid of ten shillings and sixpence. Reservation of Rights. 7, — Any portion of the pasturage land to be taken at any time by the Company's Prin*

cipal Agent or other authorised officer, for any purpose other than pasturage. I No license to coufer any right to the soil ; or power of breaking up the same, or of subletting the pasturage apart from the land in ! respect of which the license is issued, without the consent of the Company's Principal Agent or other authorised officer ; or otherwise to abridge or suspend the rights and powers of the Company in and over the land to be depastured. Improvements. qg t — No allowance to be made to the holder of any license for any improvements which he may think proper to effect. Disputes among Individuals. 9. — Disputes among licensees to be determined by arbitration, if the parties concur in desiring that mode 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. 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. Non-observance of Terms. 10. — In the event of neglect or non-obser-vance, by any licensee, of these terras or of the regulations to be prescribed by the Company's Principal Agent or other authorised officer as above mentioned, the license to be ipso facto determined and to become null and void as by lapse of time ; and the Company's Principal Agent or other authorised officer to be at liberty to resume forthwith the pasturage thereby allowed, and the wardens to apportion the same as if no such license had ever been issued. By order of the Court, Thomas Cudbert Harrington, Secretary. New Zealand House, 9 Broad-street Buildings, London, March 23, 1849.