“Financial year means a period of 12 months ending with the 31st day of March”.

“Regional park means any land or reserve which has been acquired by the Authority under the provisions of section 37 of this Act; and includes a public reserve and a domain vested in or otherwise acquired, administered, or controlled by the Authority”.

“37

• “(1) If the Authority is of the opinion that any land which is within, or reasonably close to, the district and which is not vested in a public body is required for a public reserve, domain, sports ground, or place of public recreation or enjoyment for the benefit of the inhabitants of two or more local districts, the Authority may, for any such purpose, purchase or otherwise acquire such land or take the same as and for a public work under the Public Works Act 1928:

  “Provided that no land outside the district of the Authority may be so taken under the Public Works Act 1928 unless the local authority for the area where the land is situated consents to the taking.

  “(2) Where any land that is not within the district of the Authority may, with the consent of any local authority, be taken as provided in subsection (1) of this section under the Public Works Act 1928, the local authority may, if the Authority so agrees, instead of consenting to the taking of the land by the Authority, itself take the land under the Public Works Act 1928 and transfer it to the Authority. In any such case the Authority shall indemnify the local authority in respect of all payments made by the local authority for compensation and costs in respect of the taking and transfer of the land.

  “(3) Any land, within, or reasonably close to, the district, which is a reserve within the meaning of the Reserves and Domains Act 1953 or for the purposes of the Municipal Corporations Act 1954 or the Counties Act 1956 and which is vested in a public body may, if the Authority and the public body so agree, be transferred to the Authority upon such terms as may be agreed upon between the Authority and the public body or in default of agreement as may be determined by the Local Government Commission on the application of either party. Any land so transferred shall be held by the Authority subject to the trusts (if any) affecting the same at the time of the transfer, and the Authority shall have and may exercise all the powers and authorities in respect of the reserve that were possessed by the public body from which the land was transferred:

  “Provided that the power conferred by this section shall not extend to any public reserve which is vested in a public body and which, before becoming vested in that body, was the property of the Crown.

  “(4) The Authority may set aside as a regional park or part thereof any land vested in it, and shall, in respect of any land so set aside, and in respect of any other regional park or part thereof, other than a public reserve subject to the Reserves and Domains Act 1953, have all the powers vested in borough councils by section 305 of the Municipal Corporations Act 1954; and those powers shall be in addition to, and not in substitution for, any other powers possessed by the Authority in respect of the park.

  “(5) In this section the term local authority means—

  • “(a) In relation to any land within the district of any city, borough, town district, or county, the council of that district:

  • “(b) In relation to any other land, the Minister of Works.

  “(6) The Authority may, on any regional park owned, administered, or controlled by it, provide buildings suitable for the purpose of conducting therein a shop or kiosk at which members of the public using such regional park may purchase such articles or commodities which they may reasonably require; and the Authority may grant a lease or licence of the same to any person or persons, whether incorporated or not, at such rental or other consideration and for such period (with or without any right of renewal) and upon such terms and conditions as it thinks fit.

  “(7) In addition to any other powers vested in it the Authority may from time to time in its discretion, and upon and subject to such terms and conditions as it thinks fit, make monetary grants to a local authority in or towards payment of the cost of providing, improving, or maintaining public access, whether by road or otherwise, to a regional park or part thereof or to the Auckland Centennial Memorial Park or part thereof.”

“50

• “(1) The Treasurer shall, as soon as practicable after the 31st day of March in every year, prepare—

  • “(a) A separate income and expenditure account and appropriation account for the immediately preceding financial year and a balance sheet as at the close of that year in respect of each undertaking, service, or activity in respect of which the Authority is, by subsection (2) of section 61 of this Act required to keep separate accounts, and in respect of any other income or expenditure which is not required by or under this or any other Act to be credited to or charged against any of the accounts referred to in the said subsection (2) of section 61 of this Act, together with a consolidated balance sheet of the Authority as at the close of that financial year:

  • “(b) A statement of the public debt and sinking funds of the Authority in the form of a summary compiled from the detailed permanent records of each loan raised and from the accounts of the Sinking Fund Commissioners:

  • “(c) Such further statements as may be prescribed by regulations, which the Governor-General may from time to time, by Order in Council make in that behalf.

  “(2) For the purposes of subsection (1) of this section—

  • “(a) The word income shall include all money received or receivable by way of levy, or appropriated or allocated pursuant to any Act or by resolution of the Authority to, or received or receivable in respect of, any undertaking, service, or activity, or transferred to the account relating to any such undertaking, service, or activity in pursuance of subsection (8) of section 72 of this Act; but shall not include money received by way of loan or money applied in pursuance of paragraphs (a) or (b) of subsection (2) of section 72 of this Act:

  • “(b) The word expenditure shall include all money paid or payable for the purposes mentioned in paragraphs (a) and (b) of subsection (1) of section 58 of this Act and any money transferred in pursuance of subsection (2) of section 72 of this Act; but shall not include the expenditure of money received by way of loan or the expenditure of money applied in pursuance of paragraphs (a) or (b) of subsection (2) of section 72 of this Act.

  “(3) The decision of the Audit Office as to whether or not any expenditure is properly chargeable against any account shall be final.”

“58

• “(1) The Authority shall, as soon as practicable after the 1st day of April in each year cause an estimate to be prepared showing the estimated income and estimated expenditure of the Authority for the ensuing financial year, in respect of each of the Authority's undertakings, services, or activities for which the Authority is, by subsection (2) of section 61 of this Act, required to keep separate accounts and showing in each case:

  • “(a) The permanent appropriations for payment of interest on, and the creation of a sinking fund for, or for periodical repayments on account of any loan by whomsoever raised for which the Authority is responsible or liable:

    Provided that it shall be lawful for the Authority to exclude therefrom the whole or such portion as it shall from time to time determine, of interest accruing during any such year, in respect of any loans by whomsoever raised, for which the Authority was liable or responsible on the 31st day of March 1971 or in respect of any loan raised for the purpose of redeeming all or any part of such aforesaid loans:

  • “(b) The expenditure that it is estimated may be required for carrying out or maintaining in good order any work or property owned or controlled by the Authority in connection with such undertaking, service, or activity, and all other expenditure that it is estimated will be required in connection with the carrying on of such undertaking, service, or activity:

  • “(c) The income or other money which it is estimated will be available for such purposes:

  • “(d) The additional amount which it is estimated will be required for such purposes.

  “(2) Any surplus or deficiency which it is estimated will appear in the appropriation account relating to any undertaking, service, or activity, at the close of any financial year, shall be carried forward and taken into account in that part of the estimate relating to the same undertaking, service, or activity in respect of the next succeeding year.

  “(3) For the purposes of this section—

  • “(a) The words estimated income shall include any money appropriated or allocated or intended to be appropriated or allocated to any undertaking, service, or activity pursuant to any Act or by resolution of the Authority, and any money received or which it is estimated will be received in respect of any undertaking, service, or activity, and any money transferred or intended to be transferred to the account relating to any undertaking, service, or activity in pursuance of subsection (8) of section 72 of this Act; but shall not include any money received or which it is estimated will be received by way of loan, or any money applied, or which it is estimated will be applied, in pursuance of paragraphs (a) or (b) of subsection (2) of section 72 of this Act:

  • “(b) The words estimated expenditure shall include any money paid or which it is estimated will be payable for any of the purposes mentioned in paragraphs (a) and (b) of subsection (1) of this section and any money set aside or proposed to be set aside in pursuance of subsection (1) of section 72 of this Act; but shall not include the expenditure of any money received or which it is estimated will be received by way of loan or any money applied, or which it is estimated will be applied, in pursuance of paragraphs (a) or (b) of subsection (2) of section 72 of this Act.”