WHEREAS pursuant to and subject to the terms of a certain declaration of trust under the seal of the Masterton Trust Lands Trustees (hereinafter referred to as the trustees) and bearing date the twentieth day of December, nineteen hundred and twenty-six, the parcel of land described in the Schedule hereto is now vested in the trustees, under the name “The Cameron and Soldiers’ Memorial Park”, as a memorial of those who lost their lives in the Great War of nineteen hundred and fourteen to nineteen hundred and eighteen, for the purposes of a park or sports-ground for the use and benefit of the Small-farm Settlement of Masterton and the Borough of Masterton and the inhabitants thereof, and for the purpose of promoting, fostering, and encouraging, in the Small-farm Settlement of Masterton and in the Borough of Masterton, sports, games, and pastimes of all kinds, and increasing and improving facilities therefor, and assisting clubs and associations in the Small-farm Settlement of Masterton and the Borough of Masterton formed for the purpose of promoting or fostering any form of sports, games, or pastimes: And whereas the leasing-powers vested in the trustees by virtue of the said declaration of trust require that every lease of the said parcel of land, or any part thereof, shall be upon terms requiring that all revenue derived by the lessee from the use of the property leased shall be applied towards the upkeep and improvement of the said lands, or towards the promotion of sport in the Small-farm Settlement of Masterton and the Borough of Masterton exclusively, or towards the other purposes mentioned in the said declaration of trust, and upon other terms more particularly set out in the said declaration of trust: And whereas it is found that the restrictions imposed by the said declaration of trust on the leasing-powers of the trustees render impracticable the attainment of the objects set out in the said declaration of trust, and it is desirable to extend those powers in the manner hereinafter set forth: