Explanation:

- The "first hearing" in legal terms often refers to the initial phase in court proceedings.

- Option 1 suggests it is the hearing for settlement of issues, where parties present their disputes and establish the issues at hand.

- Option 2 suggests it is also any adjournment thereof, indicating it includes subsequent hearings if the initial one is postponed.

- Option 3 combines both of these definitions.

- Option 4 states none of these apply, which is incorrect if both aspects can be true.

The correct answer is:

Option 3: Both (A) and (B).

.