The Association re-targeted its planned settlement from the
Wairarapa to the
Banks Peninsula hinterland, where it arranged to buy land from the New Zealand Company for 10
shillings per
acre (4,000 m2). The Association then sold the land to its colonists for £3 per acre, reserving the rest, the additional £2 10s, for use in "public objects such as emigration, roads, and Church and school endowments" (20 shillings = £1). The provision of funds for emigration allowed the Association to offer assisted passages to members of the working classes with desirable skills for the new colony. A poster advertising the assisted passages specifically mentions "Gardeners, Shep[herd]s, Farm Servants, Labourers and Country Mechanics". The religious nature of the colony shows in the same poster's requirement that the clergyman of their parish should vouch for applicants, and in the specific earmarking of some of the proceeds from land sales for church endowments. Godley (with his family) went out to New Zealand in early 1850 to oversee the preparations for the settlement (surveying, roads, accommodation, etc.) already undertaken by a large team of men under the direction of Captain
Joseph Thomas. These preparations were advanced, but incomplete when the first ships of settlers arrived on 16 December 1850 – Godley halted them shortly after his arrival in April due to the mounting debts of the Association.
Lord Lyttelton,
Sir John Simeon, 3rd Baronet,
Edward Gibbon Wakefield, and
Lord Richard Cavendish guaranteed £15,000 to the Association, which saved it from financial collapse. In 1852, the
Parliament of the United Kingdom passed the
New Zealand Constitution Act 1852, which amongst other things established
provincial councils. The Constitution contained specific provisions for the Canterbury Association; the first being that the new General Assembly (
New Zealand Parliament) could not amend the legislation establishing the Canterbury Association, the second being that the Canterbury Association could hand its powers to a newly established provincial government (the
Canterbury Province). As a result, affairs of the Canterbury Association were wound up in 1855 and outstanding settlement lands were handed over to the Canterbury Province. ==Ships==