The special rate to be levied under the authority of this Act shall not exceed five-sixteenths of a cent in the dollar upon the capital value of all rateable property in Rating Area No 1, and shall not exceed five twenty-fourths of a cent in the dollar upon the capital value of all rateable property in Rating Area No 2, and shall not exceed five forty-eighths of a cent in the dollar upon the capital value of all rateable property in Rating Area No 3; and all rates levied by the Board shall be levied in the like proportions, that is to say:—
Twice as high a rate shall be levied within Rating Area No 2 as that within that portion of the district described in Schedule 4 hereto; and three times as high a rate shall be levied within Rating Area No 1 as that within Rating Area No 3.
References to “five-sixteenths of a cent in the dollar”
, “five twenty-fourths of a cent in the dollar”
, and “five forty-eighths of a cent in the dollar”
were substituted for references to “three-farthings in the pound”
, “one halfpenny in the pound”
, and “one farthing in the pound”
, respectively, as from 10 July 1967, pursuant to section 7(2) Decimal Currency Act 1964 (1964 No 27).
Section 18 was amended, as from 21 October 1955, by section 10(1) Taranaki Harbour Board Empowering Act 1955 (1955 No 7(L)) by substituting the words “Rating Area No 1”
for the words “the area described in Schedule 2 hereto”
, and by substituting the words “Rating Area No 1”
for the words “that portion of the district described in Schedule 2 hereto”
.
Section 18 was further amended, as from 21 October 1955, by section 10(1) Taranaki Harbour Board Empowering Act 1955 (1955 No 7(L)) by substituting the words “Rating Area No 2”
for the words “the area described in Schedule 3 hereto”
, and by substituting the words “Rating Area No 2”
for the words “that portion of the district described in Schedule 3 hereto”
.
Section 18 was further amended, as from 21 October 1955, by section 10(1) Taranaki Harbour Board Empowering Act 1955 (1955 No 7(L)) by substituting the words “Rating Area No 3”
for the words “the area described in Schedule 4 hereto”
, and by substituting the words “Rating Area No 3”
for the words “that portion of the district described in Schedule 4 hereto”
, and by substituting the words “Rating Area No 3”
for the words “that portion of the district described in Schedule 4”
.