the name of South Australia, and extending from
to .
"2. Within the above limits no waste or public land to become private property, save by one means only, viz., by purchase at a fixed minimum price, or as much above that price as competition at public auction may determine.
"3. Subject to the above restriction, and to the necessity of previous survey, all persons, whether residing in the colony or in Great Britain, to be free to acquire property in waste or public land, without limit as to quantity or situation.
"4. The whole of the purchase-money of waste or public land to be employed in conveying poor persons, natives of the British Isles, from Britain to the colony, subject, however, to the contingency mentioned in Article 5.
"5. The expenses of the local government, which shall not exceed the annual sum of £, to be provided for by the issue of bonds bearing colonial interest, or by taxes, to be levied in the colony. The produce of the sales of land to be applied to this purpose only in case of the failure of all other means.
"6. His Majesty's Government to authorize the issue of bonds for the purpose of founding the colony; the amount to become a colonial debt, provided it do not exceed £.
"7. Taxes to be levied in the colony as soon as practicable, to be applied, in the first instance, to replacing the amount deducted from the produce of the sales of land (should any such deduction have taken place), and afterwards to the liquidation of the colonial debt.
"8. The laws of the colony to be framed by His Majesty's Government until such time as the colony shall have a legislative assembly.
"9. All the officers of the colony to be appointed by the Crown.
