These regulations not to interfere with present interests.

11. These regulations shall not interfere with the pastoral land included in any application heretofore received by the Land Commissioner and certified to be such by the Commissioner, or the applicant's rights thereunder. Provided however that any applicant shall be at liberty at any time before the land comprised in his occupation shall be put up to auction, to purchase the whole thereof at seven shillings and sixpence per acre.