Regulations respecting the Exchange of Land.

1.	No further exchange of land will be made by the Government previous to the last week of next June.page 10
2.	There will be no restriction as to the quantity of land, whether town, suburban,, or country, given by the Government in exchange for an equivalent value, or as much more as may be offered, in money, or in other land not yet granted by the Crown, but the claim to which has been recommended to the Governor for a grant.
3.	Before a Crown grant will be issued the land tendered in exchange for Crown land must be surveyed by Government, and, if found less in quantity than the amount-stated, the party, tendering will be required to make good the deficiency in money, or forego his intended exchange.
4.	Applications to exchange land will be received and registered till the fifteenth day of June next.
5.	Each such application must specify the quantity of land offered for exchange, the locality of such land, the number and letter (if any) of the land claim, and the Commissioner or Commissioners by whom it was investigated.
6.	No grant will be made out in favour of any person offering to exchange land at the end of June next, whose application shall not have been received by the Government before the sixteenth day of that month.
7.	A considerable portion of surveyed town, suburban, and country and will be put up to auction during the last week of June next, of which due notice will be given; but a sufficient quantity will be reserved for the sales in the months of September and December next, in order that other claimants whose claims may be then unsettled may have fair opportunities of open competition in exchange.
8.	Books will be opened at the Treasury for land claimants in order that they may have credit, in land only, to the amount of the quantities contained in their respective approved claims, which they may state their readiness to dispose of at the rate of one pound sterling per acre, in exchange for an equivalent value of Government land.
9.	Transferable notes will be given by the Treasury, on which it will be distinctly specified that the acceptance of such notes by the Government, at the above-mentioned sales, in exchange for land only, will depend on the validity of the claim they are intended to represent, and on their holder making good, in money, any deficiency in the quantity of land stated.

Given under my hand, and under the Seal, of the said Colony, at Government House, Auckland, this twenty-sixth day of March, in the year of our Lord one thousand eight hundred and forty-four.