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LONDON, THURSDAY, MAY 6, 1811.

Q ECOND COLONY of NEW ZEALAND.
The COURT of DIRECTORS of the NEW ZEA-
LAND COMPANY hereby give NOTICE, that the SALES
of LAND in. the NELSON SETTLEMENT are now pro-
ceeding. Persons desiring Allotments are requested to trans-
mit their applications without delay, as less than 400 Allot-
ments remain to be disposed of.
By order of the Court,
F. DILLON BELL; S,:cr&ary pro tern.
New Zealand House, 3d May, 1841.

LEWES.—The notice given by Lord John Russell, on
Friday, respecting the Corn or Starvation-laws was re-
relvect here with evident dismay by tit*'Conservative
clique, who little expected so sudden a "damper" on
their new born hopes. All who desire the prosperity of
the ccuntry mast wish fo'r the abolition of all restrainsts
upon trade. So elated with joy were the Tories on Friday
at the defeat of the Ministers on the Irish Registration
Bill that a select party of the leaders assembled at one of
the public:houses in the evening to drink tho certain re-
turn of their friends to office; and the strength of the li-
quor proving too strong in several instances, some were
seen careering homewards Bachi pleni. We believe it may
be confidently asserted, that, in the event of a dissolution
of Parliament, two gentlemen of the neighbourhood have
signified their intention to contest the borough on the Li-
beral interest...—lbid.

NEW ZEALAND COMPANY.
GOVERNOR.
JOSEPH SOMES, Esq.
DEPUTY-GOVERNOR.
HON. FRANCIS BARING, M.P.
DIRECTORS.
Viscount Ing stre, M.P. Sir W. Molesworth, Bt., M.P.
Lord Petre. Alexander Nairne, Esq.
Henry A. Aglionby, Esc': M.P. 'John Pixie, Esq., Alderman.
John Ellerker Boulcott, Esq. Sir-George Sinclair, 8t.,.M.P.
John William Buckle, Esq. Jolin Abel Smith, Esq., M.P.
W. T. Coeland,Esq.,Ald.Al. P. W. Thompson, Esq., Aid. M. P.
Russell Ellice, Esq. Hon. F. J. Tollemache, M. P.
James Robert Gowen, Esq. Edward G. Wakefield, Esq.
John Hine, Esq. Sir Henry Webb, Bart.
William Hutt, Esq., M.P. Arthur Willis, Esq.
Stewart Marjoribanks, Esq. George Frederick Young, Esq.

Cows•LAws._Had the Scorpion let the; Irish franchise
alone it would have been made by a slow process what be
would make it be by a violent one. Well, he made Re-
peal the charter of Irish politics. His fury has also, we
perceive, driven Lord J. Russell upon the repeal of the
Corn-laws, and the Aristocracy will accordingly have
another obligation to his Lordship. The two repeals once
begun, can now never cease but with their accomplishment.
Cheap bread for England, and a property-tax with a do-
mestic Legislature for Ireland, will immortalize this petu-
lant Prince of all Repealers.—Dublin Pilot.
Taut Coate-Laws.—We congratulate our readers on
the cheering announcement which Lord John Russell made
in the House of Commons on Friday evening, of his in-
tention to propose an alteration in the Corn-laws, by the
substitution of a moderate fixed duty for the present sliding
scale, which combines all the evils which can uossibly be
found in a protecting duty, without having one single good
quality to recommend It. The present law compels us to
pay an enormous price to foreigners for the corn that we
require ; that it deranges our currency, in the most dange-
rous manner; that it encourages foreign, in preference to
British shipping ; and that, though burthensome to the
consumer, it is comparatively unproductive to the rseenue.
Ought such a law, then, to he continued. Certainly
not. We therefore call upon the people of this
manufacturing di,trict, whose prosperity,—nay, whose
existence, almost depends upon the proper settle-
ment of this question, to bestir themselves, and to
give their most zealous and strenuous assistance to
Ministers in their endeavours to rid the country of an im-
post, which, in its present form, hangs like a millstone
round the necks of the industrious classes, without afford-
ing the slightest benefit to anybody. The present is a
time peculiarly favourable for a consideration cf the sub-
ject, inasmuch as the Governments of several other
nations are about to revise their own tariffs, and
to decide on what terms, our manufucturea are to be
admitted for consumption by their subjects. Our com-
merce with Spain, with Germany, and with our best
customers, the United States of America, depends, in a
great degree, upon a modification of our Corn-laws. If
we persist in our present mischievous system, not only
shall we gain no new customers; we shall greatly endan-
ger our connection with old ones, and we leave those
who are acquainted with the present condition of our
staple manufactures to judge how far they could bear the
loss of one or two of our most important markets. We
think it must be obvious to all who consider the subject,
that, without a considerable extension of our foreign com-
merce, our manufacturers and artisans must suffer great
Evils ; and that a serious contraction of it would produce
consequences which arc frightful to contemplate.—Man-
cheater Guardian.

TERMS FOR PURCHASE OF LANDS IN THE
SECOND SETTLEMENT.

1. The Company has determined upon the formation of a
Second Settlement upon its territories in New Zealand, the
site of which will be selected by an expedition to be forthwith
dispatched for that purpose. It is intended that the site chosen
shall be the best that may be available at the time of the selec-
tion being made, and that the position with reference to Port
Nicholson and the rest of New Zealand shall be such, that the
lands may reasonably be expected to advance in value'with the
utmost rapidity. The Company therefore hereby offers for sale
201,000 acres of land in the proposed Second Settlement, upon
the following terms-
2. The lands are offered in 1,000 allotments of 201 acres
each. Each allotment will consist of three sections, viz. 150
acres of rural land, 50 acres of accommodation land in the im-
mediate proximity of the town, and 1 town acre. The town
will therefore comprise 1,000 acres, exclusive of reserves for
public objects, such as streets, squares, churches, cemetries,
markets, and public gardens or parks.
3. The price of each lot of 201 acres will be 300/.
4. A deposit of 301.' on each allotment must be paid to the
Company's Bankers, Messrs. Smith, Payne, and Smiths, and
the Bankers's receipt produced and filed previous to any appli-
cation being registered at the Company's House. The re-
sidue of the purchase-money will be required on a day of
which public notice will be given. In case of default in pay-
ment of such residue by the day appointed, the deposit will
thereupon become forfeited to the Company, together with all
claim of the applicant to the land applied for.
5. On payment of his full purchase-money, each purchaser
will receive for each 300/. so paid, three separate land-ordrs,
viz. for the 150 acres of rural land, the 50 acres of accommo-
dation land, and the town-acre respectively. These lands are
to be severally seleetected according to priority of choice, to
be determined by lot, as hereinafter mentioned.
6. Three several ballots for priority of choice of the rural
setions, accommodation sections, and town sections, in manner
to be arranged by the Directors, will take place at the Com-
pany's House in London, in the presence of the Directors and
of such purchasers or their agents as may attend, on days of
which public notice will be given. The choice of the allot-
ments of which priority shall have been tso determined, will
take place in the settlement as soon after the arrival of the first
body of
.Colonists as the requisite surveys and plans shall have
been completed, and under such regulations as shall be pre-
scribed by the Company's Agent duly authorised in that behalf.
Neglect or refusal to comply with such regulations in regard to
any section, shall occasion a forfeiture of the purchaser's right
of choice, and vest it in the Company's officer on behalf of such
purchaser.
7. The Company engages, subject to an arrangement with
her Majesty's Government, to add to the 201,000 acres offered
for sale, a quantity equal to one-tenth thereof as native re -
reserves, so that the quantity of land to be appropriated will, in
fact, consist of 221,000 acres, and the town of 1,100 acres.
The plan of the Native Reserves in the First Settlement will
be followed, unless the regulations of her Majesty's Go-
vernment or any unforeseen difficulty should prevent its
adoption.
8. The Company reserves the right of purchasing a num -
her, not exceeding 100 of the 1,100 Lots offered for Sale, for
its own benefit, at the same price, and subject to the same
terms in every respect, as other purchasers. •
9. The sum of 301,000/, to be received by the Company as
the purchase-monies of the Lands now offered, will be appro-
priated in the following manner, viz.—
£150,000 to the exclusive purpose of Emigration to this par-
ticular settlement.
50,000 to defray the Company's expenses in selecting the
site and establishing ti. settlement. Any surplus
of this fund to be applied to the public purposes
next mentioned.
50,000 to public purposes, for rendering the settlement com-
modious and attractive. As such pnrposes, it is in-
tended to apply 15,000/. to• religious uses and en-
dowments for colonists of all denominations, 15,0001.
to the establishment of a College in the settlement,
and 20,0001 towards the encouragement of steam
navigation, for the benefit of the settlement, by way
of bounty.
50,000 to the Company, for its expenses and profit on the
---,-- use of its capital.
£300,000 Total.

The Company undertakes to apply the purchase monies in
the proportions stated, as nearly so as may be practicable, to
the several objects previously specified.
10. The whole of the Emigration FUnd, with the exception
of 20,000!., will he expended in conveying to the New Set-
tlement Labouring persons el gible according to the regula-
tions now in force with reference to the First Settlement.
The 20,0001. will be reserved as a Special Fund, out of which,
and to that extent only, allowances will be made to the pur-
chase's towards the cost of cabin-passages for themselves,
their families, and servants, to the Settlement. The amount
of the allowance will in no case exceed 251. per cent. of
the purchase-money paid by the Colonists; and the Fund
being limited as above-mentioned, preference will be given to
the Applicants for ilv‘ allowance in the order of their respective
applications for the :ante. Particular Regulations relative to
the mode of obtaining Cvbin-passage Allowances will be here-
after issued; but it is to be distinctly understood, that Cie Di-
rectors reserve the power of granting, withholding, or adjusting
the same, according to the merits of each particular case, and
that no application fortlic allowance will be ascertained, under
anv circumstances, after the expiration of the present year.
11. The Directors reserve a discretionary power of suspend-
ing the sales to the pu'dlic generally, in case they should find it
necessary to reserve any number of allotments for Sale to actual
Colonists.

12. The Register of Applications will be opened on Mon-
(lay, the Ist. of March next, until which day no applications
will be noticed. Written applications for allotments will
thenceforth be received and registered by the Secretary of the.
Company, until a day of which public notice will be given,
when the land-orders will be awarded strictly according to
Priority in the Register of Applications and to the result of the
ballots ; and all Deposits received will be returned, in case, by
reason of the above rule of priority, or from any other cause,
the Directors shall be unable to award the required land-
orders to the whole of the applicants.
By order of the Court,
JOHN WARD, Secretary.
New Zealand House, Broad-street-bui'dings,
15th February, 1848.