An Act to extend the powers of rating vested in the Makerua Drainage Board.
Preamble
WHEREAS the Makerua Drainage Board (hereinafter called the Board) is a Board constituted under the Land Drainage Act 1908: And whereas the Board by section thirty-one of that Act is entitled to levy a rate not exceeding six farthings in the pound on the rateable value of all lands within the district of the Board: And whereas by section two of the Makerua Drainage Board Empowering Act 1942 the Board was empowered to increase such rate but not so as to exceed twopence in the pound on the rateable value of all lands within the district of the Board: And whereas owing to a reduction in the unimproved value of all lands within the district of the Board it has been found that the aforesaid power to rate is insufficient to enable the Board to meet its ordinary expenditure:
BE IT THEREFORE ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:—