Whereas the Tokoroa Agricultural and Pastoral Association (hereinafter called the Association) is registered as proprietor of an estate in fee simple in the land described in the Schedule which is situated in the Town of Tokoroa within the boundaries of the Matamata County:
And whereas the said land was acquired by the Association on 18 June 1957 as a gift from Virginie Mossop of Tokoroa:
And whereas for some years the Association has conducted its annual shows on the said land and also on portion of the adjoining Tokoroa Memorial Sports Ground which is constituted a reserve under the Reserves and Domains Act 1953:
And whereas the Matamata County Council desires to develop and improve the said sports grounds for recreational, sports, and parkland purposes but it is not practicable to do so without acquiring the said land owned by the Association:
And whereas at a general meeting of the Association held at Tokoroa on 20 July 1967 the Association requested the Council to apply for the legislative authority in this Act contained to enable the Association to transfer the said land to the Council on the condition that the Association will continue to have the use thereof and of the adjoining sports ground for a number of days each year without charge:
And whereas the Council has agreed to pay compensation to the Association for the said land if, at any time, the Association decides to change the venue of its shows and other activities:
And whereas the requisite authority is attainable only by legislation.