The Short Title of this Act shall be “The New Zealand Settlements Acts Amendment Act 1866”

So much of the sixteenth section of “The New Zealand Settlements Amendment and Continuance Act 1866” as provides that the land therein referred to shall not be sold thereunder except for cash nor at a less rate than ten shillings per acre is hereby repealed And it is hereby expressly declared and provided that the land in the said section referred to shall be sold for such consideration or at such price and whether for cash or otherwise as the Governor shall from time to time prescribe.

It shall be lawful for the Colonial Secretary under section ten of the said “New Zealand Settlements Amendment and Continuance Act 1865” to elect either before or after judgment or award to satisfy such award wholly or in part by land in lieu of money.

It shall be lawful for the Colonial Secretary to give land scrip in lieu of compensation in money for any land taken under the said “New Zealand Settlements Act 1863” and such scrip shall be available at any time to be prescribed thereon for the purchase of land taken under the said Act within the districts therein named Provided that any scrip heretofore granted by any Agent of the General Government shall be deemed to have been granted under this Act and to have been and to be valid from the issue thereof accordingly.

The Governor may reserve portions of any of the land taken under the said “New Zealand Settlements Act 1863” for the several purposes for which reserves may be made under the twelfth section of “The Waste Lands Act 1858” and may make grants thereof under “The Public Reserves Act 1854” or otherwise as the case may require.

All orders proclamations and regulations and all grants awards and other proceedings of the Governor or of any Court of Compensation or any Judge thereof heretofore made done or taken under authority of the said Acts or either of them are hereby declared to have been and to be absolutely valid and none of them shall be called in question by reason of any omission or defect of or in any of the forms or things provided in the said Acts or either of them.

None of the persons who under the provisions of the said Acts or any or either of the said Acts would have been excluded from compensation in respect of any of the lands taken under the said Acts or either of them or purporting to have been so taken shall be relieved from such exclusion by anything in the proclamation made by the Governor bearing date the second day of September one thousand eight hundred and sixty-five published in the New Zealand Gazette on the fifth day of September aforesaid.

Provided always and it is hereby enacted and declared that all lands sold or otherwise disposed of and all scrip issued under this Act shall be sold or disposed of or issued under regulations to be made by the Governor in Council which regulations shall be published in the New Zealand Gazette.