V.  Australien.  1434  252.  New  Zealand.

as  relates  to  the  Administration  of  the  Fund  for  the  Public  Purposes  of  the  Settlement
  of  Nelson.

LXXVIII.  And  whereas  certain  Terms  of  Purchase  and  Pasturage  of  Land
in  the  Settlement  of  Otago  had  been  issued  by  the  New  Zealand  Company  before
the  Fourth  Day  of  July  One  thousand  eight  hundred  and  fifty,  and  the  said  Terms,
or  Part  of  them,  were  in  force  on  that  as  Contracts  between  the  New  Zealand  Company
  and  the  Association  of  Lay  Members  of  the  Free  Church  of  Scotland,  commonly
called  the  Otago  Association:  And  whereas  by  the  Provisions  of  the  said  Act
of  the  Tenth  and  Eleventh  Years  of  Her  Majesty,  and  of  the  said  Notice
given  by  the  New  Zealand  Company,  the  Lands  of  the  said  Company  in  New  Zealand
  reverted  to  and  became  vested  in  Her  Majesty  as  Part  of  the  Demesne  Lands
of  the  Crown,  subject  nevertheless  to  any  Contract  then  subsisting  in  regard  to  any
of  the  said  Lands:  And  whereas  it  is  expedient  that  Provision  should  be  made  to
enable  Her  Majesty  to  fulfil  the  Contracts  contained  in  such  Terms  of  Purchase  and
Pasturage  as  aforesaid:

It  shall  be  lawful  for  Her  Majesty  for  that  Purpose  to  make  Provision,  by  way
of  Regulations  to  be  contained  in  any  Charter  to  be  granted  to  the  said  Association,
for  the  Disposal  of  the  Lands  to  which  the  said  Terms  of  Purchase  and  Pasturage
relate,  so  far  as  the  same  are  still  in  force  as  aforesaid,  and  for  varying  from  Time
to  Time  such  Regulations,  with  such  Consent  by  or  on  behalf  of  the  said  Association
as  in  any  such  Charter  or  Instructions  shall  be  specified,  and  for  fixing  the  Boundaries
thereof,  and  for  enabling  the  said  Association  to  transfer  its  Powers  to  the  Provincial
Council  for  the  Province  of  Otago:  Provided  always,  that  no  such  Charter  shall  be
granted  or  have  Effect  for  any  longer  Term  than  Ten  Years  from  the  passing  of  this
Act;  but  One  of  Her  Majesty’s  Principal  Secretaries  of  State  may  at  any  Time  during
the  Term  for  which  such  Charter  shall  be  granted,  by  Writing  under  his  Hand,
extend  the  Term  for  which  such  Charter  shall  have  been  granted  for  such  further
Time  as  in  his  Discretion  he  may  think  fit:  Provided  always,  that  it  shall  not  be
lawful  for  Her  Majesty,  by  any  such  Regulations  as  aforesaid,  to  diminish  the  Sum
now  payable  to  the  New  Zealand  Company  in  respect  of  all  Waste  Land  sold  under
the  said  Terms  of  Purchase,  unless  with  the  Consent  of  the  New  Zealand  Company,
signified  as  herein-before  provided;  and  during  the  Continuance  of  such  Charter
as  aforesaid,  it  shall  not  be  lawful  for  the  said  General  Assembly  to  repeal  or  interfere
  with  any  such  Regulations  respecting  Lands  in  Otago,  except  with  such  Consent
by  or  on  behalf  of  the  Otago  Association  as  in  any  such  Charter  or  Instructions  may
be  provided,  and  (so  far  as  the  Rights  of  the  New  Zealand  Company  may  be  affected)
with  the  Consent  of  such  Company  signified  as  herein-before  provided;  and  every
Bill  which  shall  repeal  or  interfere  with  any  such  Regulations  shall  be  reserved  for
the  Signification  of  Her  Majesty’s  Pleasure  thereon.

LXXIX.  It  shall  be  lawful  for  Her  Majesty,  by  any  such  Letters  Patent  as
aforesaid,  or  Instructions  under  Her  Majesty’s  Signet  and  Sign  Manual,  or  signified
through  One  of  Her  Majesty’s  Principal  Secretaries  of  State,  to  delegate  to  the
Governor  any  of  the  Powers  herein-before  reserved  to  Her  Majesty  respecting  the