Explanation:

Both statements are incorrect.

Pre-Independence Legislations Related to Press Regulation

• Censorship under Lord Wellesley (1799): Enacted due to French invasion fears, imposing strict wartime press controls, including pre-censorship.

• Relaxed later by Lord Hastings in 1818, removing pre-censorship.

• Licensing Regulations by John Adams (1823): Instituted penalties for starting or operating a press without a license, later extended to cover various publications.

• Primarily targeted Indian language newspapers or those led by Indians, leading to the cessation of Rammohan Roy’s Mirat-ul-Akbar.

• Press Act of 1835 (Metcalfe Act): Repealed the restrictive 1823 ordinance, earning Metcalfe the title "Liberator of the Indian press." 

• Mandated precise declarations by printers/publishers about their premises and allowed cessation as required.

• Licensing Act during the 1857 Revolt: Imposed further licensing restrictions due to the 1857 emergency.

• Augmented existing registration procedures, granting the government power to halt the circulation of any printed material.

• Vernacular Press Act, 1878: Designed to regulate the vernacular press, suppress seditious writing, and prevent discord among different communities.

• Required printers and publishers of vernacular newspapers to sign a bond refraining from disseminating anti-government or divisive content.

• Decisions made by the magistrate were final without any avenue for appeal in court.

• Clearly, this was not the first British Intervention to regulate the Indian Press. 

Hence option 4th is correct.