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Taranaki Herald, Volume I, Issue 30, 23 February 1853, Page 2

iNTr.LLior.Ncn has been received by the Overland Mail from Wellington that the Government has decided on issuing Scrip in saiisfaction of land claims; the whole of the New Zealand Company's Luid Claimant's Oulinance may now be said to be in full opcialion in all the settlement!.. I The Colonial law had been suspended at great inconvenience to the public interest, from its provisions conflicting with the Act of Pailiamcnt passrd for a like purpose, the adjustment of the claims on the Company. This decision will get. rid of the vexed question of absentee scrip, and the defining of boundaries of land for satisfying it, which , has never been done. Much of this scrip is, we believe, now in the hands of purchasers who have since settled in the coun-_ try. / Now, under the 22nd clause of the Ordinance, it may be exchanged for Government scrip which is transferable, and receivable as cash at sales of Crown lands in any of the settlements. The lands of hundrtds proclaimed at the passing of the Ordinance, and of the town of New Plymouth, arc excluded from the arrangement, which as regards the latter may be consideicd as temporary only, since tlie measures it was intended to protect, were

not canied out. The same adjustment of claims by the issue of scrip may be applied if desiied, to the other conliacts of the Company arising from unsatisfied land orders, and lcsident scrip. And we hear that provision has been made hy Government for piolccting the ftoldois fiom any depreciation of sciip aiising fiom an altcialion of t the present piicc of mral lands, an an- i nouncement that will give geneial satisfaction to such as may have become interested in this description of public seem Hy.