Extracts from the Minutes of the Executive Council. Council Chamber, 18th January, 1853.
Resolved — It being^ probable that, under the recent New Zealand Constitution Act, a considerable reduction in the price of land may shortly be made, the Council are of opinion that the scrip to-be issued should be so worded that, in the event of such reduction in the price of land taking : place, such scrip should only be taken in payment of country land at such a ralue, that one pound in scrip shall represent the upset price, or fixed price, of one acre of country laud at the date when the scrip may be tendered at the Treasury ; and, for the protection of the -scrip holders, this rale should equally prevail if the price of land should at any time be raised.
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https://paperspast.natlib.govt.nz/newspapers/NZSCSG18530216.2.13
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New Zealand Spectator and Cook's Strait Guardian, Volume IX, Issue 787, 16 February 1853, Page 4
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135Extracts from the Minutes of the Executive Council. Council Chamber, 18th January, 1853. New Zealand Spectator and Cook's Strait Guardian, Volume IX, Issue 787, 16 February 1853, Page 4
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