The Short Title of this Act shall be “The Nelson and Cobden Railway Act Amendment Act 1869.”

The fourteenth section of “The Nelson and Cobden Railway Act 1868” is hereby repealed.

The payment for the construction of such Railway shall be made in Waste Lands of the Crown situated within the present boundaries of the Province of Nelson having a drainage to the valleys through which the Railway shall pass or which are included within a district bounded on the North by a straight line drawn from the summit of Mount Owen to the southern bank of the River Mokihinui at its junction with the sea on the West by the sea on the South by the River Buller and on the East by the boundary line of the Nelson South-west Gold Fields and shall not exceed ten thousand acres for every mile of Railway constructed and the land shall be taken in such places and in such blocks as may be agreed upon between the Superintendent and the Contractor.

It shall be lawful for the Governor in Council to reserve from sale such portions of the Waste Lands of the Crown situated in the valleys or within the boundaries aforesaid not exceeding in the whole five thousand acres as may be agreed upon between the Superintendent and the projectors of any Company for the construction of such Railway and to grant the same to such projectors in consideration of expenditure incurred in the formation of such Company.