E.—7

10

such decision shall give notice to the New Zealand Company, and a provision to the effect aforesaid shall be contained in the said demise. And until the expiration of the said period of three months, the Governor, on behalf of the Queen, shall be entitled to hold possession and use the said piece of lend and shed without charge; and unless the Governor shall decide to retain possession of the said land and shed, the New Zealand Company shall be entitled to occupy and enjoy the same for the term of six years from the expiration of the said period of three months according to the said before-mentioned agreement with the said Railway Company, and at the expiration of such period of six years shall be entitled, either to the full value, to be ascertained in manner hereinbefore provided, of all buildings then standing and being on the said piece of land, and to the sum of eighty-one pounds thirteen shillings, in full of the cost of the reclamation of the said piece of land, or to a free grant of the freehold and inheritance thereof in like manner in every respect as is hereinbefore provided in case the Governor shall reclaim, purchase, or acquire a piece of land and demise the same to the New Zealand Company. And it is hereby also agreed between the Governor, on such behalf as aforesaid, and the New Zealand Company, that whether the Governor shall decide to retain possession of the said land and shed as aforesaid, and to demise to the New Zealand Company another parcel of land in lieu thereof as aforesaid, or shall decide to leave the said parcel of land and shed in the possession of the New Zealand Company, and not to take possession of the same until the expiration of the said period of six years, the said New Zealand Company shall have and be allowed such means of access and egress from and to the said railway wharf and the parcel of land and premises they may occupy for the purposes of their said wool store, as they may reasonably require. And this deed also witnesseth that the Governor, on behalf of the Queen, covenants with the New Zealand Company, that the Governor will pay to all persons, being the holders of any of the said debentures, all moneys from time to time after the thirtieth day of June, one thousand eight hundred and seventy-three, accruing due as principal or interest of, upon, or in respect of such debentures: Provided that, with regard to all such interest as accrues due ou such debentures on the thirtieth day of June, one thousand eight hundred and seventy-three, the Governor shall not be bound to pay the same, but shall pay to the New Zealand Company only such sum as shall be proportionate to the period elapsing between the eighth day of April, one thousand eight hundred and seventythree, and the said thirtieth day of June, one thousand eight hundred and seventy-three. And the Governor, on such behalf as aforesaid, covenants to indemnify the New Zealand Company against the payment of all sums hereby covenanted to be paid by the said Governer. And this deed lastly witnesseth, that the New Zealand Company covenants with the Governor, on such behalf as aforesaid, that all debts and other liabilities of the Railway Company existing on the day of the date hereof, except such as are hereinbefore expressly provided for, other than the liability in respect of the said debentures and the contracts for timber not yet delivered, herein mentioned, shall be paid and satisfied by the New Zealand Company. In -witness whereof these presents have been executed by or on behalf of the several parties hereto on the day and year first above written. Sealed with the Official Seal of the New Zealand Loan and Mercantile Agency Company, Limited, by (1.5.) Charles John Taylor, David Limond Murdoch, and Frederick Battley, in the presence of Walter F. Lawry, Clerk, Auckland. We certify that the Official Seal of the New Zealand Loan and Mercantile Agency Company, Limited, was affixed to the above-written deed by the undersigned Charles John Taylor, David Limond Murdoch, and Frederick Battley, at Auckland, in the Colony of New Zealand, on the 4th day of July, 1873, by order of the Colonial Board of Directors of the said Company, at a meeting held on the 4th day of July, 1873. Charles J. Taylor. D. L. Murdoch. Fred. Battley. David Proudfoot. (1.5.) Richard Oliver. (1.5.) Signed, sealed, and delivered by the said David Proudfoot and Richard Oliver in the presence of B. C Haggett, Solicitor, Dunedin. Sealed with the Seal of the Colony, and signed by the Officer Administering the Government thereof, in the presence of G. A. Arney. (1.5.) William Reynolds, Colonial Secretary. John Bathgate, Minister of Justice. By Authority i Geoegb Didseuht, Government Printer, Wellington.—lB73. [Price 9d.~]