WHEREAS the Tinwald Town District formed part of the South Canterbury Catchment District, and the Catchment Board, pursuant to the Soil Conservation and Rivers Control Act 1941, on the twenty-eighth day of May, nineteen hundred and forty-six, defined the Ashburton-Hinds Rating District and included the said Tinwald Town District therein and classified the said Tinwald Town District as Class D for capital purposes, and, on the eleventh day of February, nineteen hundred and fifty-four, classified the said Tinwald Town District as Class E for maintenance purposes: And whereas the Catchment Board duly raised a loan of eighty-four thousand dollars secured by a rate of five-eighteenths of a cent on land classed A and one-ninth of a cent on land classed D under the said classification dated the twenty-eighth day of May, nineteen hundred and forty-six, notice of the making of that rate being published in the Gazette of the twelfth day of December, nineteen hundred and forty-six, at page 1902: And whereas part of the said loan has been repaid and the balance matures on the thirty-first day of March, nine-teen hundred and sixty-seven: And whereas by Order in Council dated the twenty-eighth day of March, nineteen hundred and fifty-five, and published in the Gazette on the thirty-first day of March, nineteen hundred and fifty-five, at page 588, it was ordered and declared, inter alia, that the boundaries of the borough should be altered by the inclusion therein and the exclusion from the County of Ashburton and the Town District of Tinwald of the areas described in Schedule 1 to the said Order in Council: And whereas the Borough Council has agreed with the Catchment Board to contribute towards the capital costs of the Ashburton-Hinds Drainage Scheme and the maintenance thereof in the manner hereinafter set forth in lieu of rates levied pursuant to the said classification: And whereas it is desirable that the Borough Council and the Catchment Board be empowered to carry such agreement into effect:
The references to “eighty-four thousand dollars”
, “five-eighteenths of a cent”
, and “one-ninth of a cent”
was substituted, as from 10 July 1967, for a reference to “forty-two thousand pounds”
, “two-thirds of a penny”
, and “four-fifteenths of a penny”
pursuant to section 7(1) Decimal Currency Act 1964 (1964 No 27).