Page:Canterbury Papers.djvu/51

  So long as any Land remains unsold, and in the possession of the Association, within the limits of the settlement, it will be open under licence for pasturage purposes, at the rate of twenty shillings per annum for every 100 acres, to be paid in advance.

 Every purchaser of land in the Canterbury settlement, being one of the first body of colonists, will be entitled to a transferable licence, renewable by such purchaser from year to year, for pasturage in the proportion of five acres of pasturage for one of rural land in his possession, at the rate of sixteen shillings and eightpence for 100 acres per annum, to be paid in advance, so long as a sufficient quantity of land in the possession of the Association remains unsold and unappropriated.

 Each section under a pasturage licence must be in one block, and of a rectangular form as far as possible.

 Lands licensed for pasturage will always be open to purchase; and any portion of such lands may be taken at any time by the chief agent or other authorized officer of the Association, for any purpose other than pasturage, after one month's notice.

No pasturage licence confers any right to the soil, or otherwise abridges or suspends the rights and powers of the Association in and over the land depastured.

 As respects pasturage taken under licence in virtue of freehold purchases, the right of selection in the first instance will be determined in the same manner as for freehold purchases.

 If the quantity of land applied for should exceed 101,000 acres, the purchase-money in full, but without interest, will be returned in respect of all applications in excess of that amount.

 Public notice will be given by advertisement in some of the principal London newspapers of the time when applications and deposits will be received.

 The purchase-money must be paid in full before any application can be received.

 In case through any unforeseen circumstances it should be determined, on or before the 30th of April, 1850, that the enterprise of the Association should not proceed, all deposits and purchase-moneys previously paid will be returned in full, but without interest.

 The intended application of the 3l. mentioned above as the purchase-money for rural land is as follows: —

Ten shillings per acre (exclusive of the sum mentioned below for emigration) to be paid for the land;

Ten shillings per acre for miscellaneous expenses;

Twenty shillings per acre for religious and educational purposes; and,

Twenty shillings per acre for emigration; subject to the regulations of the Association with respect to the selection of emigrants, every purchaser will be entitled to recommend emigrants, including himself and family, on whose passage to the settlement his contribution to the Emigration Fund shall be expended; but not more than ten shillings per acre shall be allowed towards the passage of the purchaser and his family.

 All money received from town lands or pasturage licences will be applied in the same proportions and manner as the fund arising from the sale of rural lands.

 Besides marking out the principal lines of road, the Association reserves to itself the right of appropriating land for making all such other bye or cross-roads as may be necessary for the convenience of the settlers.

 The Association reserves to itself the right of selecting and appropriating all such lands in the ports and harbours of the settlement as may be required for wharfs, landing places, jetties, or other objects of public utility and convenience.

 The Association reserves to itself the right of determining the quantity of land, less than 101,000 acres, the sale of which will induce it to proceed with the undertaking. 