Blocks may be set apart for sale on deferred payments.

2. It shall be lawful for the Superintendent for the time being of the Province of Wellington, with the advice of his Executive Council, from time to time by proclamation in the Government Gazette of the said Province, to set apart out of the Waste Lands of the Crown in the said Province one or more block or blocks of land, not exceeding in the whole fifty thousand acres, for the purposes of this part of this Act.