WHEREAS the pieces of land described in Schedule 1 hereto are vested in Robert Donald Douglas McLean, of Napier, sheep-farmer; Charles Dugald Kennedy, of Napier, solicitor; Archibald McLean, of Greenhill, sheep-farmer; George Tait, formerly of Rakamoana but now of Eskdale, sheep-farmer; and Patrick Stirling McLean, of Napier, solicitor (all hereinafter referred to as the Trustees), for an estate in fee-simple, but subject to the trusts concerning the same declared in a declaration of trust dated the tenth day of March, nineteen hundred and ten, executed by the Trustees, a copy of which is set out in Schedule 2 hereto: And whereas the Trustees, deeming it to be in the interests of the Town of Napier that they should so do, have offered the said lands to the Mayor, Councillors, and Burgesses of the Borough of Napier (hereinafter referred to as the Corporation) as a free gift, to be held by the Corporation in trust for the inhabitants of the said town upon the trusts hereinafter declared, and have also offered to the Corporation the sum of one two thousand dollars (less such sums of money as may, since the first day of February, nineteen hundred and eleven, have been expended by the Trustees in improving the said lands, not exceeding two hundred dollars) as a gift to be applied by the Corporation in the improvement and ornamentation of the said land as a public recreation-ground; and the Corporation are desirous of accepting the said offers of the Trustees: And whereas in the interests of the said town and the inhabitants thereof it is expedient that the Corporation should be empowered to accept the said offers:
“two thousand dollars” and
“two hundred dollars” were substituted, as from 10 July 1967, for the words
“one thousand pounds” and
“one hundred pounds” pursuant to section 7(1) Decimal Currency Act 1964 (1964 No 27).