—No. 5.—

Mr. Hawes to the Secretary of the Company.

I am directed by Earl Grey to acknowledge the receipt of your letter of the 14th instant, notifying the concurrence of the Proprietors of the New Zealand Company in the arrangement proposed in my letter of the 10th instant; and I am to acquaint you that, in order to enable the Company to act upon that agreement, his Lordship will immediately take measures for preparing and submitting to the Queen Instructions to the Governor of New Zealand, altering, to the extent which will be necessary, the Royal Instructions on the subject of the disposal of Waste Lands, which were issued in December last. Her Majesty's Government will also cause an Estimate to be prepared and submitted to Parliament, authorising the advance during the present year of a sum not exceeding twenty-eight thousand pounds, for carrying on the operations of the Company.

I am further directed to state that Lord Grey is prepared, with the assent of the Directors, to appoint Mr. Cowell to sit at their Board, as the Commissioner for the Government.