✨ Text of Legislation
160
Title. AN ACT to make further provision for the administration of the Nelson
Trust Funds.
(Assented to 14th September, 1854.)
Preamble. WHEREAS the New Zealand Company did from time to time
issue certain published terms for the disposal of land within
the Settlement of Nelson by which it was among other things pro-
vided that the land of the said Settlement should be sold for certain
prices and that the fund to be derived from such sale shall be ap-
propriated in certain proportions to the purposes of emigration and
the supply of labour of founding and maintaining the settlement of
religious and educational uses and steam navigation and of other
public objects.
And Whereas many persons purchased lands under the said
terms in the said Settlement and funds have accumulated from the
monies invested in such purchases which have not as yet been ap-
plied to the purposes aforesaid.
And Whereas the New Zealand Company by its Agents and
Officers superintended and managed the said Funds until the fourth
day of July in the year 1850.
And Whereas the lands of the said Company in New Zealand
reverted to the Crown under the provisions contained in an Act of
Parliament made and passed in the 10th and 11th years of the
reign of her present Majesty upon the condition amongst others as
expressed in the said Act of satisfying any liabilities to which the
said Company might then be liable under their existing engagements
with reference to the Settlement of Nelson.
And Whereas previous to the said fourth day of July 1850 a
certain sum of £25,000 had been invested in the names of Henry
Aglionby Aglionby, Alexander Currie, James Robert Gowan,
George Lyall, and Jeremiah Pilcher, in the three per cent Consoli-
dated Bank annuities in trust for the said Company in order to
satisfy the amount applicable by the said Company under the said
terms to the purposes in question but the total amount so applica-
ble has not yet been ascertained.
And Whereas by an Act of Parliament made and passed in the
14th and 15th years of the reign of Her present Majesty entitled
"An Act to regulate the affairs of certain Settlements established
by the New Zealand Company in New Zealand" after reciting
amongst other things the facts hereinbefore recited and reciting that
it was expedient that provision should be made to enable Her Ma-
jesty to ascertain the amount of the sum so applicable as aforesaid
and to entrust the administration of the Fund when so ascertained to
the certain persons who had been nominated for that purpose by or on
the behalf of the said Company and the said purchasers of land at
Nelson it was thereby enacted that it should be lawful for the said
Commissioners of Her Majesty's Treasury and they were thereby di-
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NZ Gazette 1854, No 31
✨ LLM interpretation of page content
🏛️ AN ACT to make further provision for the administration of the Nelson Trust Funds.
🏛️ Governance & Central Administration14 September 1854
Legislation, Nelson Trust Funds, New Zealand Company, Emigration, Education, 1854
- Henry Aglionby Aglionby, Invested Consolidated Bank annuities in trust
- Alexander Currie, Invested Consolidated Bank annuities in trust
- James Robert Gowan, Invested Consolidated Bank annuities in trust
- George Lyall, Invested Consolidated Bank annuities in trust
- Jeremiah Pilcher, Invested Consolidated Bank annuities in trust