Whereas the Waimea County Council (hereinafter called the Council) is the administering body within the meaning of that expression as used in the Reserves Act 1977 of the reserves described in the Schedule of this Act: And whereas parts of the said reserves are, by virtue of sections 114 and 115 of the Reserves and Other Lands Disposal and Public Bodies Empowering Act 1920 and Orders in Council published in the Gazette on 25 August 1921, vested in the Council in trust for plantation purposes subject to certain conditions contained in the said Orders in Council: And whereas pursuant to such conditions and with the approval of the Commissioner of Crown Lands and the New Zealand Forest Service the Council has planted trees and carried out a programme of afforestation of the said land and has derived revenue therefrom: And whereas with the approval of the Minister of Lands the net profit from such activities has been used as to 10% thereof for the purposes of maintenance and improvement of the said reserves for recreational purposes: And whereas the balance of the net profit has been paid into the general funds of the Council and used for the general purposes of the Council: And whereas doubts have arisen as to the continued legality of such use of revenue under the terms of the Reserves Act 1977: And whereas it is desired to validate any expenditures previously made and to authorise future disposal of the revenue of the said land.