The Short Title of this Act shall be “The Wellington Land Payments Act, 1874.”

Whenever any person shall, after public tender in the usual manner, have contracted with the Superintendent to make and complete within a given time any public work, and shall agree to take land in full or in part payment for such work, and shall have furnished such security as the Superintendent may have required for the due completion of such contract, the Superintendent, by and with the advice of the Executive Council, shall cause such lands to be offered for sale by public auction; and in the event of such lands realizing more at such sale by auction than the amount agreed upon for such work, then the contractor shall be paid in money, so that in all cases the agreement shall be to be paid in money or land—provided also that such portion or portions of land shall be shaped situated and assessed in accordance with the regulations in force within the province; and upon the production of a certificate from the Superintendent that the work contracted to be done has been satisfactorily completed, the person so contracting shall receive a certificate entitling him to a grant of such portion or portions of land to be taken by him as payment or part payment, as the case may be, of the price of the work. The upset price of lands so offered for auction shall in no case be less than the minimum price of lands of the like character according to the Waste Lands Regulations of the province or district for the time being in force, neither shall such lands be granted to contractors in lieu of a less amount of cash than the lands so granted would realize if sold at such minimum price: Provided that no greater amount than three hundred acres of land shall in any one year be granted or contracted to be granted as payment or part payment in land to any one person or in respect of any one contract; and the total amount of land which may be granted or contracted to be granted as payment or part payment in land in any one year shall not, for or in respect of the construction of any one work, exceed two thousand acres; and the total amount of land which may be granted or contracted to be granted in any one year, on any account whatever, shall not exceed five thousand acres.

The amount to be disposed of under the provisions of this Act in payment or part payment of public works in each year shall be determined by vote of the Provincial Council.

Amount to be determined by vote of Provincial Council.