• Preamble

  WHEREAS from funds arising from the sales of land within the Settlement of Nelson in the Colony of New Zealand by the New Zealand Company, and from the accumulations thereof the Trustees of the Nelson Trust Funds elected under and by virtue of an Act of the General Assembly of New Zealand made and passed in the eighteenth and nineteenth years of the reign of her present Majesty, intituled “An Act to make further provision for the administration of the Nelson Trust Funds,” in exercise of the power in them vested by the said Act some time since set apart that portion of the said Trust Funds applicable to Educational purposes, amounting in the whole to forty thousand dollars. And whereas the said Trustees being desirous of promoting and establishing Educational Institutions within the Province of Nelson have by a certain Deed or Instrument in writing bearing date the fourteenth day of November in the year one thousand eight hundred and fifty-seven, a copy whereof is set forth in the Schedule to this Act annexed, founded a College by the name and style of Nelson College the management of which is vested in a Visitor and nine Governors, and the said Trustees have vested the whole of the real and personal property in which the said forty thousand dollars has been invested in the names of the said Governors whose names are hereinafter mentioned.

  AND WHEREAS the said Governors are desirous of obtaining for the said College an Act of Incorporation, and it is expedient that the same should be granted accordingly,

  The expression “forty thousand dollars” was substituted, as from 10 July 1967, for the expression “twenty thousand pounds” pursuant to section 7(1) Decimal Currency Act 1964 (1964 No 27).

BE IT THEREFORE ENACTED by the General Assembly of New Zealand, in Parliament assembled, and by the authority of the same, as follows:—