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 of
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
liable to be taken at any time by the Company's
Principal Agent or other authorised Officer, for any
purpose other than pasturage.

No License to confer any right to the soil; or
power of breaking-up the same, or of sub-letting 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 Offi-
cer; or otherwise to abridge or suspend the rights
and powers of the Company in and over the land to
be depastured.

Improvements.

8. 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 in
   such manner as the Wardens may decide. Such
   decision to be in every case conclusive and binding
   as against all parties interested.

Non-observance of Terms.

10. In the event of neglect or non-observance, by
    any Licensee, of these terms, or of the regulations
    to be prescribed by the Wardens or other mentioned
    or other authorised Officer as above mentioned, so
    far as the same may respectively affect the rights or
    interests of the Company itself, such Agent or other
    Officer to have power to declare the License deter-
    mined; the same to become thereupon null and void
    as by lapse of time; and the said Agent or other
    Officer to be at liberty to resume forthwith the pas-
    turage thereby allowed, and the Wardens to appor-
    tion 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, 1st August 1849.

LANDS NOT ALLOTTED TO ANY SETTLE-
MENT.

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 in
New Zealand at the disposal of the Company and
not allotted to any settlement, under such regula-
tions, subject to the following conditions, as may be
prescribed from time to time by 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 at the dis-
   posal of the Company and not allotted to any settle-
   ment, while such land continues unappropriated and
   not required for any purpose other than pasturage,
   to be granted for periods not exceeding One Year,
   to end on the 31st of December in each year but to
   be otherwise sooner determinable as hereinafter
   mentioned. Fresh Licenses to be in-like manner
   issued at the end of each year.

Licensees.

2. Licenses for particular pasturage runs to be
   granted to the persons who may first make applica-
   tion for such runs, respectively, in accordance with
   the rules laid down in Paragraph 3.

In the event of two or more persons making ap-
plication for the same run in accordance with
the said rules, one of which persons is at the time the
Licensee of the said run, a preference to be given to
such Licensee, subject of course to the conditions
which may be in force at the time. In all other
cases, simultaneous applications to be decided by
Lot.

Applications for Licenses.

3. Applications for such Licenses to be made in
   writing; to be delivered to such persons and at such
   times and places as may be respectively appointed
   by the Company's Principal Agent or other autho-
   rised Officer; and to contain the following particu-
   lars, or such others as the said Agent or other Offi-
   cer may deem necessary, viz.:—
   Name and Residence of the Applicant;
   Situation Boundaries and Estimated Extent of the
   pasturage run applied for;
   Estimated quantity of Live Stock which the said
   run is capable of sustaining; and,
   Number and description of the Live Stock proposed
   to be depastured under the License.

Apportionment of pasturage.

4. The extent of the pasturage run to be com-
   prised in any License, the boundaries of the run
   therein specified, and the quantity of live stock
   which the said run is to be deemed capable of sus-
   taining, to be decided by the Company's Principal
   Agent or other authorised Officer; and, in the event
   of difference between such Agent or Officer and the
   Applicant, by two Arbitrators, one appointed by each
   of the said parties, with power to elect an Umpire.

The boundaries of each pasturage run, if not
marked by streams or other natural boundaries, to be
marked by the Licensee, by lines of marked trees,
by posts placed at intervals, or by some other
method which will render them easily discernible.

Yearly Charges on Licenses.

5. Each License to be subject to a Yearly Charge
   (exclusive of the Fee on its issue), payable as un-
   dermentioned, and the quantity of live stock
   which the pasturage run therein specified is
   deemed capable of sustaining, at the following rates,
   viz.:—
   For Sheep, each.......................... 1d.
   For horned Cattle or Horses ......... 8d.

The said charge to be paid half yearly in advance
under penalty of forfeiture and determination of the
License, and to continue to be so paid whether the
run be actually used by the Licensee or not.

A proportionate part to be returned, in the event
of the License being either wholly or partially de-
termined or abridged before the expiration of the
Half-Year.