WHEREAS by several Crown Grants bearing the dates respectively as contained in the Schedule hereto all those parcels of land described in the said Crown Grants and delineated in the plans drawn in the margin thereof with all the rights and appurtenances thereto belonging were granted unto the Superintendent of the Province of Canterbury and his successors in the Trust as an endowment for schools of technical science and agriculture and for the promotion of superior education: AND WHEREAS it is expedient that certain resolutions of the Provincial Council authorising the Superintendent to lease to the present holders of depasturing licences the said reserves upon the same terms and conditions as the same were held under the provisions of the Waste Lands Regulations for the Province of Canterbury.