WHEREAS by an Act of the General Assembly, the Short Title whereof is The City of Dunedin Borrowing Act 1871, power is given to the Corporation of the City of Dunedin to construct gasworks, or to purchase and hold certain gasworks therein mentioned, and also to purchase and hold certain waterworks therein mentioned; and by the now reciting Act power was given to the Corporation of the said city to borrow and raise in the manner therein provided any sum or sums not exceeding in the whole two hundred thousand dollars, to be expended as by the said Act is provided: And whereas by another Act of the General Assembly, the Short Title whereof is The Dunedin Gas and Waterworks Loan Act 1872, it is, among other things, enacted that the moneys authorized to be borrowed under The City of Dunedin Borrowing Act 1871, should be limited to a sum of sixty thousand dollars, and that all moneys so borrowed should be expended solely for the purchase or construction of gasworks for the supply of the City of Dunedin with gas: And whereas it is expedient that better provision should be made for enabling the Corporation of the City of Dunedin to raise money for the purpose of purchasing or constructing gasworks, as hereinafter mentioned:
“two hundred thousand dollars” and
“sixty thousand dollars” were substituted, as from 10 July 1967, for the expressions
“one hundred thousand pounds” and
“thirty thousand pounds” pursuant to section 7(1) Decimal Currency Act 1964 (1964 No 27).