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 28 May 1946, 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 11 February 1954, classified the said Tinwald Town District as Class E for maintenance purposes:
And whereas the Catchment Board duly raised a loan of 42,000 pounds secured by a rate of two-thirds of a penny on land classed A and four-fifteenths of a penny on land classed D under the said classification dated 28 May 1946, notice of the making of that rate being published in the Gazette of 12 December 1946, at page 1902:
And whereas part of the said loan has been repaid and the balance matures on 31 March 1967:
And whereas by Order in Council dated 28 March 1955, and published in the Gazette on 31 March 1955, 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 of 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.