The Short Title of this Act shall be “The Bay of Islands Settlement Act 1870.”

“The Bay of Islands Settlement Act 1858” hereinafter called “the said Act” is hereby repealed.

Subject as hereinafter mentioned all the lands comprised within the boundaries of the said Settlement as set forth in the Schedule to the said Act shall from and after the passing of this Act be deemed to be Waste Lands of the Crown within the Province of Auckland to be henceforth dealt with and disposed of in manner provided by the Waste Lands Acts for the time being in force within the said Province Provided that no such lands shall be proclaimed under the second section of “The Auckland Waste Lands Act 1870.”

Nothing herein contained shall be deemed to affect the rights of John Edmonds late of the Bay of Islands settler or of the person or persons for the time being claiming by through or under him to the lands mentioned in the several awards made by Francis Dillon Bell as Land Claims Commissioner pursuant to section three of the said Act and severally dated the twenty-seventh day of May one thousand eight hundred and sixty-one and the nineteenth day of May one thousand eight hundred and sixty-two and it shall be the duty of the Secretary for Crown Lands with all convenient speed after the passnig of this Act to take and adopt all necessary means for satisfying the same awards in such manner as shall seem most fit and expedient.

The sum of two thousand pounds heretofore paid out of the revenue of the Colony to the said John Edmonds as compensation for certain lands taken under the said Act is hereby charged against the revenue of the Province of Auckland and may be deducted by the Colonial Treasurer from any moneys hereafter payable to the Provincial Account of the said Province.

Nothing in this Act contained shall interfere with the equitable rights or interests if any of any other person or persons under the provisions of the said Act and all such equitable rights and interests if any shall remain and be a charge upon the said lands and upon all revenues from time to time to be derived therefrom and all claims arising out of or under the said Act which may hereafter be admitted by the General Government of New Zealand shall be satisfied and discharged out of such lands or in money and if in money all sums so paid shall be charged upon the Revenue of the said Province and may be deducted by the Colonial Treasurer from any moneys thereafter payable to the Provincial Account of the said Province.