When the quantities of land heretofore offered
for sale in the said settlements respectively are sold,
the Appropriation of the proceeds of subsequent
Sales will be subject to revision and alteration from
time to time, in such manner as circumstances may
render necessary or expedient.

Mode of making Purchases.

3. Purchases of Land may be made, under these
   terms, either in the United Kingdom under the pro-
   visions 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 respec-
tively.

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 de-
   termination, at his own option. In the former case
   he will have a privilege of recommending Laborers
   as hereinafter mentioned.

Such person will be required, previous to his Ap-
plication being registered, to pay, either to Messrs.
Smith Payne and Smiths Bankers in London, or to
the Commercial Bank of Scotland in Edinburgh,
or 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 Banker's Receipt to the New Zealand
House, accompanied by a letter specifying the num-
ber 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 laborers) naming the settlement in
which the land is to be taken. In exchange for
the said Receipt, 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 se-
lection in the said settlements respectively, out of
any lands of the class specified, in any of the said
settlements (if he be desirous of so doing, and
as the case may be) which may then be laid out
and declared by the Company's Principal Agent or
other authorised Officer, to be open for such selec-
tion.

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 re-
spectively 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 Para-
graph will be entitled, at any time within Twelve
Months from the date of making the payment in
the United Kingdom, to receive 3s. 4d. in £1, or
sixteen and two-thirds 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.

If 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 laborers for passages
to the settlement named, under the General Regu-
lations of the Company, to the extent of the pro-
portion of the sum so paid stated in Paragraph 2
as a Fund for the supply of labor in that settlement;
and the expense of the passage of the said laborers
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 and for laborers recommended by
them as above and approved by the Court, in the
Ships chartered by the Company, provided that Ap-
plications for such passages be made Six Weeks
before the sailing of the Ship in which the parties
desire to proceed.

If, through any act or neglect of the purchaser,
the passage Allowance be not claimed, or the la-
borers 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 laborers,
respectively, will become forfeited.

Purchases made in New Zealand.

5. A person desirous of making, in New Zealand,
   a purchase of land under these terms, will be re-
   quired to pay the full price, including the Special
   Contributions for the purposes mentioned in Para-
   graph 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 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.

With the exception mentioned in Paragraph 6,
purchasers under the provisions of this Paragraph
will not be entitled to passage allowance.

Such purchasers will have the privilege of recom-
mending laborers to the same extent and under the
same conditions as purchasers who have that privi-
lege under the provisions of Paragraph 4; with the
exception only that written notice of the desire to
make such recommendation, and full particulars of
the laborers recommended, must be given to the
Company's Resident Agent in the settlement within
Six Months 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 pur-
   chasers in the United Kingdom, as to have the like
   allowance for the passage of themselves and their
   families to the settlement at which they may first
   land; provided the amount be shown to the satis-
   faction of the Company's Principal Agent to have
   been actually and reasonably expended on such
   passage, at rates proportionate to those of the Com-
   pany from England; and provided also that the in-
   terval between the purchaser's first arrival in any