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cause such Reserves to be placed in
Trust, in the name of Three Commissioners,
to be called, "The Commissioners
for liquidating the Public debts of the
Province of Wellington."

4. These Reserves may be so held in
   Trust by the said Commissioners, for a
   period of Seven years, but no longer;
   and at the end of that time, or sooner,
   they shall, under the direction of the
   Superintendent, but not otherwise, offer
   the said lands, or any portion of them,
   for sale by Public Auction, according to
   the Regulations prescribed for Auction
   Sales.

5. The Commissioners shall receive all
   Proceeds of such sales, and shall forthwith pay over the same to the Provincial
   Treasurer, for the special purpose of
   liquidating the whole of, or such portion
   of the public debt as the said Proceeds
   may cover; and it shall not be lawful for
   the Superintendent to direct these proceeds or any portion of them, to be
   applied to any other than the special purpose above named.

6. The Commissioners shall be required
   to give security for the faithful discharge of their Trust.

7. In lieu of making any Loan Reserves out of such lands as may be certified to as 5s. land an amount equal to
   ten per cent. of the purchase money accruing from such lands, as sold, shall be
   set apart for the purpose of paying off
   the public debt; and it shall not be lawful for the Superintendent to direct, that
   these amounts be applied to any other
   than the special purpose of liquidating
   the said debts.

Proclaimed Lands Outside Hundreds.

5s. Land.

1. In Districts outside Hundreds,
   which are or may be proclaimed or notified as open for sale, and which from their
   hilly and broken character (or otherwise)
   may appear to be unavailable for agricultural purposes, the Commissioner of
   Crown Lands is authorised to certify that
   they are so unavailable; and after he
   shall have so certified and a notification
   of such certificate shall have been published in the Provincial Government
   Gazette, at least, one month before a day
   to be fixed in the same publication on
   which such lands shall be declared open
   for free selection; the intending purchaser shall pay to the Commissioner of
   Crown Lands (or other officer appointed
   in that behalf) the price of any section or
   sections of land (generally not to be less
   than eighty acres in extent) which he
   may desire to select; the price of all such
   lands shall be at the rate of 5s. per acre.

2. In all cases where the Commissioner shall certify to land, as unavailable
   for agricultural purposes, which shall include any run or part of a run,—such run
   or portion of a run shall in that case be
   disposed of by Public Auction at the
   upset price of 5s. per acre, in accordance
   with the Regulations prescribed for auction sales; and no such sale shall take
   place until after three months notice of
   the intended auction sale shall have been
   left at some station on the run.

Provided always, that the run or portion of a run so to be offered at public
auction, shall be held with the sanction
of the Government, and shall, in the
opinion of the Commissioner, be sufficiently stocked.

3. These Regulations shall supersede
   Regulations 8 and 14, of Sir G. Grey’s
   Regulations of 3rd March, 1853, so far
   as they may be repugnant to the same.

Military and Naval Settlers.

1. Every non-Commissioned and Warrant officer and every private Soldier,
   Marine and Seaman, whether belonging
   to Her Majesty’s service, or to the service of the East India Company, who may
   retire or obtain his discharge from the
   service to which he may belong, or who,
   having retired or obtained his discharge,
   has not selected land under any former
   law or regulation enabling Naval and
   Military Settlers to select land free of
   cost, shall be entitled to receive from the
   Commissioner a land order enabling him
   to acquire land free of cost after the following rate, viz:—

Non-commissioned and
Warrant Officer.......... 80 acres.
Private Soldier, Marine,
and Seaman .......... 60 acres.

2. Provided always that every non-Commissioned Officer, Private, Marine,
   and Seaman, before he shall be entitled
   to receive any such Land Order, shall
   produce to the Commissioner, a certificate from the Officer under whom he may
   have served, of having, during his period
   of service, been of good character; provided also, that every such Land Order
   shall be applied for within 12 calendar
   months next after such retirement or
   discharge, as aforesaid, or within 6
   months from the adoption of this Regulation, by those who have retired or been
   discharged.

3. An actual residence of 2 years in
   the Province, must be proved before the
   titles can be granted, except in cases in
   which deaths may have occurred before
   the expiration of that period.

[PRINTED BY MACKENZIE AND MUIR.]