This Act may be cited as the Taranaki Harbours Board Empowering Amendment Act 1957, and shall be read together with and deemed part of the Taranaki Harbours Board Empowering Act 1955 (hereinafter referred to as the principal Act).

This Act shall be deemed to be a special Act within the meaning of the Harbours Act 1950.

(1) It shall be lawful for the Board from time to time as it may require to borrow, in addition to the sums authorised to be borrowed by the principal Act or any other Act, but subject to the provisions of the Harbours Act 1950, such further sum or sums not exceeding in the whole the sum of two hundred and seventy-one thousand four hundred dollars, for the purposes of the purchase of the new dredge and dredging equipment specified in Schedule 4 to the principal Act, as amended by section three of the Taranaki Harbours Board Empowering Amendment Act 1956.

(2) For the purposes of section thirty-three of the Local Authorities Loans Act 1956 (which relates to the application of the unexpended balance of loan money) the money borrowed under the authority of this Act shall be deemed to be part of a special loan raised for the purposes specified in the said Schedule 4.

(1) The Board may make and levy as security for the money authorised to be borrowed under this Act a special rate on all rateable property in the harbours district.

(2) Such special rate shall not exceed five two hundred and eighty-eighths of a cent in the dollar on the capital value of all rateable property in Rating Area No 1, and shall not exceed five four hundred and thirty-seconds of a cent in the dollar on the capital value of all rateable property in Rating Area No 2, and shall not exceed five eight hundred and sixty-fourths of a cent in the dollar on the capital value of all rateable property in Rating Area No 3; and all rates levied by the Board hereunder shall be levied in the like proportions.

(1) For the purposes of any poll to be taken under the Local Authorities Loans Act 1956 the rolls of ratepayers of the boroughs, town districts (not being parts of any county), counties, and any part of a county comprised in the harbours district shall be deemed to be the roll of ratepayers of the harbours district.

(2) It shall be the duty of the Clerk of the local authority of each such district comprised wholly or in part within the harbours district, whenever requested so to do by the Board, to supply to the Board a certified roll of the ratepayers of such district or of the part thereof within the harbours district, together with as many copies as the Board may require.

(3) The cost of preparing any roll of ratepayers for the purposes of this section and of supplying copies thereof shall be paid by the Board.

(1) The Board shall in each year cause an estimate to be prepared, in such manner and according to such principle and method as the Board approves, of the anticipated revenue of the year (exclusive of any rate to be levied under this Act) and the anticipated expenditure of the year (including the annual payment or payments to be made, including interest, with respect to the money borrowed under the authority of this Act, but exclusive of capital expenditure on any loan account), and shall upon such estimate determine the deficiency of the revenue to meet the expenditure.

(2) Any credit or debit balance of the Board's General Account at the close of each year shall be carried forward to the account of the next succeeding year for the purpose of the estimate of that succeeding year and the determination of the deficiency of the revenue of that succeeding year to meet the expenditure thereof.

(3) The Board may in each year, in accordance with the Harbours Act 1950, levy or direct the levy of such part of the said special rate as is sufficient to provide for the deficiency:

Provided that if the deficiency exceeds the amount of the annual charges for that year in respect of the money borrowed under this Act, the Board may levy or direct the levy of such part only of the special rate as is sufficient to provide for those annual charges.

(4) The Board may for the purposes of the levy, or of such direction and levy, adopt some convenient fraction of a cent, notwithstanding that the sum produced thereby may exceed the said deficiency.

Nothing in this Act or in any debentures issued in pursuance thereof shall affect or prejudice the rights of the holders of any debentures heretofore executed or issued by the Board pursuant to the provisions of any other Act.