An Act to effect the Conveyance of certain Lands in the City of Wellington forming part of Lands known as the Reclaimed Land and of the Wharf and Store the property of the Superintendent of the Province of Wellington to the Mayor Councillors and Burgesses of the City of Wellington and to provide for the raising of the Purchase Money by the said Mayor Councillors and Burgesses and for the Management of other part of the said Reclaimed Land.

Preamble

WHEREAS by two several grants from the Crown dated respectively the eighteenth day of October one thousand eight hundred and fifty-five and the twentieth day of June one thousand eight hundred and sixty-two certain lands situate in the Harbour of Wellington and extending from the seaward side of Willis Street Lambton Quay and Thorndon Quay in the City of Wellington to below high watermark and including the site of the lands particularly described in Schedules 1 and 3 to this Act were granted and confirmed to Isaac Earl Featherston then Superintendent of the Province of Wellington and to his successors as such Superintendent to hold upon such trusts and for such uses for the public service of the said Province as should be enacted and declared in that behalf by any Acts of the Superintendent and Provincial Council of the said Province:

And whereas the Provincial Government of the said Province of Wellington expended the sum of sixty-two thousand dollars in reclaiming parts of the said land from the sea and the parts so reclaimed are commonly called or known by the name of the “Reclaimed Land” And whereas the moneys so expended were raised under the provisions of an Act made and passed by the Superintendent and Provincial Council of the said Province intituled An Act to explain and amend Harbour Reserves Act Session III No 14 [Repealed]:

And whereas under the provisions of The Consolidated Loan Application Act 1869 [Repealed] the several sums of sixty-two thousand dollars and fifty thousand dollars part of the moneys authorized to be raised by way of loan for the purposes in the said Act mentioned were paid over to the Superintendent of the said Province of Wellington and were applied by him in payment or redemption of the moneys raised under the provisions of the said Act intituled An Act to explain and amend Harbour Reserves Act Session III No 14 [Repealed] and of another Act made and passed by the Superintendent and Provincial Council of the said Province of Wellington intituled An Act to authorize the Superintendent to raise by way of Mortgage a sum not exceeding Fifty Thousand Dollars on the Unreclaimed Land in the Harbour granted to him under The Public Reserves Act 1854 [Repealed]:

And whereas by The Consolidated Loan Application Act 1869 [Repealed] it was enacted that on payment to the said Superintendent of the said sums of sixty-two thousand dollars and fifty thousand dollars so much of the land in the Harbour of Port Nicholson vested in the Superintendent under The Public Reserves Act 1854 [Repealed] as yet unsold should be vested in the Governor and his successors by way of mortgage who for that purpose should be a Corporation sole but with power nevertheless for the Superintendent or Deputy Superintendent of the said Province of Wellington to sell the same land according to the provisions in that behalf then in force or by any Act of the Superintendent and Provincial Council of the said Province to be thereafter enacted and it was thereby declared that the Governor and his successors should join in the conveyances thereof upon one half of the proceeds of such sale being paid into the Colonial Treasury to the Public Account in part liquidation of the said two sums of sixty-two thousand dollars and fifty thousand dollars:

And whereas the present Superintendent of the Province with the advice and consent of his Executive Council and with the concurrence of the Provincial Council of the said Province has agreed to transfer to the Mayor Councillors and Burgesses of the City of Wellington incorporated under The Municipal Corporations Act 1867 and The Municipal Corporations Act Amendment Act 1868 [Repealed] and hereinafter throughout this Act called “the Corporation aforesaid” all such parts of the said Reclaimed Land as are now remaining unsold as the same are particularly described in the said Schedule 1 to this Act and the Wharf and Store in the City of Wellington belonging to the said Superintendent as such and it is expedient to enable such transfer to be made subject to the conditions in this Act contained:

The expressions “sixty-two thousand dollars” and “fifty thousand dollars” were substituted, as from 10 July 1967, for the expressions “thirty-one thousand pounds” and “twenty-five 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:—

1 Short Title

The Short Title of this Act shall be The Wellington Reclaimed Land Act 1871.

2 Commencement Act

So much of this Act as relates to the issuing of debentures by the Corporation aforesaid shall come into operation immediately on the passing hereof The residue of this Act shall come into operation on payment by the Corporation aforesaid to the Superintendent for the time being of the Province of Wellington of the sum of forty thousand dollars but if the said sum is not paid or satisfied within three months from the passing of this Act the said residue of this Act shall not come into operation.

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).

3 Repeal of Acts

All Acts or parts of Acts of the General Assembly or of the Provincial Council of the said Province of Wellington respectively inconsistent with the provisions herein contained are hereby repealed saving nevertheless the rights of all persons acquired under or by virtue of the same Acts or parts of Acts or any of them and the hereinbefore recited provisions of The Consolidated Loan Application Act 1869 [Repealed] are hereby absolutely repealed: Provided that nothing herein contained shall be deemed to alter or affect the security created by or under The Consolidated Loan Application Act 1869 [Repealed] whereby the said advance of fifty thousand dollars and the interest and sinking fund from time to time payable in respect thereof is secured on so much of the lands comprised in the said grants as has not yet been reclaimed nor to alter or affect the provisions of The Consolidated Loan Application Act 1869 [Repealed] charging the said interest and sinking fund on the revenues of the Province of Wellington.

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

4 Lands in Schedule vested in Governor by way of mortgage

From and after the passing of this Act all such parts of the said Reclaimed Land as are particularly mentioned and described in Schedule 1 to this Act shall by virtue of this Act be vested without any other assurance in the Governor and his successors by way of mortgage for securing the payment by the Corporation aforesaid of the sum of sixty-two thousand dollars forming part of the moneys raised and applied under the provisions of The Consolidated Loan Application Act 1869 [Repealed] on the first day of July one thousand eight hundred and seventy-eight and the interest henceforth payable in respect of the said sum such interest to be at the rate of six dollars per centum per annum payable half-yearly on the first day of January and on the first day of July in each year (but for such sum of sixty-two thousand dollars and interest only and subject to the provisions of this Act) and the Governor and his successors shall for the purposes of the said mortgage and of this Act be deemed to be a Corporation sole And immediately after the coming into operation of this Act the Registrar of Deeds at Wellington shall enter in the Index Books in his office in the appropriate places a reference to this Act and a short statement of the effect thereof so that such notice may affect the whole of the land described in Schedule 1 hereto and no other land.

The expressions “sixty-two thousand dollars” and “six dollars” were substituted, as from 10 July 1967, for the expressions “thirty-one thousand pounds” and “six pounds” pursuant to section 7(1) and (2) Decimal Currency Act 1964 (1964 No 27).

5 Power for Governor to sell

The Governor and his successors and assigns shall have power to sell the said land described in Schedule 1 hereto in case either the interest on the said sum of sixty-two thousand dollars or the said sum of sixty-two thousand dollars shall be wholly or in part unpaid for three calendar months after any of the days hereby appointed for payment thereof respectively without giving any notice making any demand or waiting any further period and that either together or in parcels and either by public auction or private contract and the proceeds of every such sale after paying the expenses thereof shall be applied first in paying the said principal sum and interest accrued thereon next in discharging the amount secured by debentures issued under this Act and the residue if any shall be paid to the Corporation aforesaid for the public use of the City of Wellington.

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

6 Subject to mortgage vested in Municipal Corporation of Wellington

Subject to such mortgage as aforesaid the said land mentioned and described in Schedule 1 to this Act shall be deemed to be vested in the Corporation aforesaid and their successors for the use and benefit of the said City of Wellington on payment by the Corporation aforesaid to the Superintendent for the time being of the said Province of the sum of forty thousand dollars and upon such payment the said Wharf and Store shall subject to any subsisting lease or agreement for a lease of the same respectively or of the rents tolls and profits thereof respectively and subject to the charges hereinafter mentioned be vested without any other assurance in the Corporation aforesaid and their successors for the use and benefit of the said City of Wellington.

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).

7 Power to sell

The Corporation aforesaid and their successors may from time to time at their discretion sell all or any part or parts of the said land for such price or prices in money as they shall with the previous sanction of the Governor in Council determine and upon payment of the purchase money for the same as hereinafter mentioned the Governor or his successors shall join in the conveyance of the same to the purchaser or purchasers.

8 Power to lease

The Corporation aforesaid and their successors may from time to time with the previous consent of the Governor in Council demise or let all or any part or parts of the said lands for such term of years in possession not exceeding forty-two years and at such annual rent or rents as they shall with the previous sanction of the Governor in Council determine and the Governor or his successors as such mortgagees as aforesaid shall join in every such lease.

9 Proceeds of sale and rents to be paid to Public Account

So long as any moneys shall be due and owing in respect of the said sum of sixty-two thousand dollars or of the interest payable for the same under and by virtue of The Consolidated Loan Application Act 1869 [Repealed] all moneys payable in respect of any purchase or by way of rent or otherwise howsoever in respect of any dealing with the said land or any part thereof shall be paid into the Colonial Treasury to the Public Account in part liquidation of the said sum of sixty-two thousand dollars and interest.

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

10 Power to mortgage

The Corporation aforesaid and their successors may at any time so long as any part of the said principal sum of sixty-two thousand dollars shall remain unpaid and for the purpose of paying off the same and all interest for the time being due in respect thereof levy and raise by way of mortgage upon the whole or any part or parts of the said land such sum as may be necessary for fully paying off the said sum of sixty-two thousand dollars and interest or such part thereof as shall for the time being remain unpaid And the Governor and his successors shall for the purpose of completing the title of the intended mortgagee or mortgagees to the land intended to be included in any such mortgage join in the conveyance to be made by such mortgage but as a conveying party only upon payment into the Colonial Treasury to the Public Account of the moneys to be raised under such mortgage Provided that no such mortgage shall prejudicially affect the rights of any person holding any debenture issued under this Act Provided also that such mortgage shall not have priority over but be subject to the mortgage to the Governor created by the third section of this Act.

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

11 On payment of mortgage debt to Governor lands to be discharged

So soon as by any of the ways or means aforesaid the said sum of sixty-two thousand dollars and all interest for the same shall be fully paid off and discharged by the Corporation aforesaid then the said Reclaimed Land described in Schedule 1 hereof or so much thereof as shall then remain unsold shall be vested in the Corporation aforesaid and their successors for the use and benefit of the said City of Wellington subject to all rights and interests acquired therein under the provisions of this Act absolutely discharged from the mortgage to the Governor and his successors created by this Act and by The Consolidated Loan Application Act 1869 [Repealed] and from the said sum of sixty-two thousand dollars and interest.

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

12 Lands to be only security

The said land described in Schedule 1 to this Act and the moneys which may be received in respect of the same under the provisions of this Act shall from henceforth as between Her Majesty the Queen the Governor and his successors and the General Government of New Zealand on the one hand and the Corporation aforesaid and their successors on the other hand be the only security for the payment of the said sum of sixty-two thousand dollars and the interest henceforth to become due for the same and neither the Corporation aforesaid and their successors nor the property or estates of the said City other than the said land or so much thereof as shall not have been conveyed to any purchaser or mortgagee under the provisions of this Act shall be liable to make good the said sum of sixty-two thousand dollars or any interest thereon notwithstanding any eventual deficiency or loss in respect of the same Provided always that the liability of the Province of Wellington to the General Government of the Colony in respect of the said sums of fifty thousand dollars and sixty-two thousand dollars and of the interest due and to grow due on the same and in respect of moneys raised under The Consolidated Loan Act 1867 [Repealed] and The Consolidated Loan Application Act 1869 [Repealed] for the purpose of making such advances by the General Government to the said Province shall continue unaltered: Provided also that if the Province shall be called upon to pay any part of the said sixty-two thousand dollars or any interest thereon or any sums for interest or sinking fund under The Consolidated Loan Application Act 1869 [Repealed] in respect of the advance of the said sum of sixty-two thousand dollars by the Colony then after the Colony shall have been repaid all money due to it in respect of the moneys so advanced as aforesaid and the Governor shall have declared by warrant under his hand that all such moneys have been repaid then the mortgage hereby created in favour of the Colony shall pass from the Governor to the Superintendent and be a security to the Province for all moneys which it may after the passing of this Act be called upon to pay on account of the said sixty-two thousand dollars and interest thereon or for such interest and sinking fund as aforesaid and the Superintendent shall then on behalf of the Province to the extent of such sums have all the priorities and rights hereby vested in the Governor.

The expressions “sixty-two thousand dollars” and “fifty thousand dollars” were substituted, as from 10 July 1967, for the expressions “thirty-one thousand pounds” and “twenty-five thousand pounds” pursuant to section 7(1) Decimal Currency Act 1964 (1964 No 27).

13 Lands to be corporate property and dealt with as such

Except as by this Act provided the said land shall be deemed to be to all intents and purposes vested in the Corporation aforesaid and their successors as such Corporation and as part of the corporate property of the said City and subject to the laws and rules for the time being in force respecting the disposal and management of the corporate property of the said City and the application and expenditure of the moneys and revenues arising therefrom.

14 Corporation may issue debentures

In order to raise the moneys necessary for completing the said purchase it shall be lawful for the Corporation aforesaid to issue debentures under the common seal of the Corporation aforesaid in the form set forth in Schedule 2 to this Act and to sell the same together or in separate lots in such manner as the Corporation aforesaid shall think fit.

15 Form of debentures

Every such debenture shall be for the sum of not less than one hundred nor more than one thousand dollars payable as to the principal sum thereby secured at the expiration of seven years from the date thereof and all such debentures shall bear date on the same day.

The expressions “one hundred”, and “one thousand dollars” were substituted, as from 10 July 1967, for the expressions “fifty”, and “five hundred pounds” pursuant to section 7(1) Decimal Currency Act 1964 (1964 No 27).

16 Interest and coupons

Every such debenture shall be payable both as to principal and interest at such place as shall be therein mentioned for that purpose and shall bear interest at a rate not exceeding eight dollars per centum per annum from the date thereof payable half-yearly at the same place as the principal money secured by such debenture and separate coupons for each half-year's interest in the form in the said Schedule 2 shall be attached to every such debenture and each coupon shall be signed by the Mayor for the time being of the said City of Wellington and countersigned by the Clerk of the City Council.

The expression “eight dollars” was substituted, as from 10 July 1967, for the expression “eight pounds” pursuant to section 7(2) Decimal Currency Act 1964 (1964 No 27).

17 Debentures or coupons to be payable to bearer

The said debentures and coupons shall respectively be transferable by delivery and payment to any person having possession of any such debenture of the principal sum thereby secured shall discharge the Corporation aforesaid and their successors from all liability in respect of the said principal sum and payment to any person having possession of any such coupon shall discharge the Corporation aforesaid from all liability in respect of the interest in such coupon expressed to be payable.

18 Principal interest and sinking fund a secured charge on Reclaimed Land and first charge on Wharf and Store

Subject to the mortgage aforesaid to the Governor and his successors and to the powers of sale and mortgage and of leasing by this Act vested in the Governor and his successors and in the Corporation aforesaid and to the rights which may be acquired by any person under the said powers the principal and interest secured by the said debentures and the payments to sinking fund hereby provided for shall be a first charge on the land described in Schedule 1 hereto and on the rents and profits thereof and also on the said wharf and store and on the tolls profits and rents thereof respectively.

19 Sinking fund

The Corporation aforesaid shall in every year set aside out of so much of the several rents tolls and profits mentioned in the last preceding section as shall remain after making the payments to the Colonial Treasury hereinbefore mentioned and after paying the interest on all debentures issued under this Act a sum equal to two dollars per centum on the amount of all debentures issued under this Act and shall pay the said sum to the trustees hereinafter named and it shall be the duty of the said trustees from time to time to invest all sums paid to them and all accumulations of interest arising therefrom in the purchase of bonds bills or debentures issued by the General Government of New Zealand or by the Government of any part of the British dominions or of debentures issued under this Act and when the principal money secured by the debentures issued under this Act becomes payable the whole accumulation of the said sinking fund shall be applied in payment of the said principal money.

The expression “two dollars” was substituted, as from 10 July 1967, for the expression “two pounds” pursuant to section 7(2) Decimal Currency Act 1964 (1964 No 27).

20 Trustees of sinking fund Superintendent and Provincial Auditor

The following persons shall be the trustees for the purposes of the preceding section that is to say the Superintendent for the time being of the said Province and the Provincial Auditor for the time being of the said Province and their respective successors in office.

21 Interest on debentures when to cease

Subject to the provisions hereinafter contained the interest on every debenture issued under this Act shall cease at the expiration of seven years from the date thereof.

22 High Court may order a sale and appoint Receiver

If any person holding a debenture issued under this Act shall tender the same for payment of the principal thereby secured at the place at which such principal is payable at the time when such principal is payable or at any time thereafter and such principal shall not be paid in full or if any person holding a coupon for payment of interest on any debenture issued under this Act shall tender the same for payment at the place at which such interest is payable and at the time when such interest is payable or at any time thereafter and such interest shall not be paid in full it shall be lawful for such person to apply to the Judge of the High Court of New Zealand to whom the Judicial District comprising the City of Wellington has been assigned by petition in a summary way for relief under this Act and thereupon such Judge upon being satisfied of the truth of the matters alleged in such petition may order that the said land described in Schedule 1 hereto (or so much thereof as shall not then have been sold under the previous provisions of this Act) and the said Wharf and Store be sold in such manner and at such time or times as such Judge shall direct and that the sale of the proceeds of the said land (after satisfying the said sum of sixty-two thousand dollars or so much thereof as shall for the time being remain unpaid and all arrears of interest thereon) and the entire proceeds of sale of the said Wharf and Store shall be applied in payment first of the expenses of such application and order and of the proceedings thereon and of the sale in pursuance thereof next in payment of the principal moneys secured by the said debentures with interest thereon respectively at the rate aforesaid until all such principal moneys shall have been paid and that the residue (if any) shall be paid to the Corporation aforesaid for the use of the said City and such Judge may appoint a Receiver of the rents tolls or profits of the said Wharf and Store until the same shall be sold and may direct that such Receiver shall be paid out of the said rents tolls or profits such remuneration as to the said Judge shall seem fit.

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

The words “High Court” were substituted, as from 1 April 1980, for the words “Supreme Court” pursuant to section 12 Judicature Amendment Act 1979 (1979 No 124).

23 No more than $40,000 to be raised

The Mayor of the City of Wellington shall issue debentures under this Act to the extent of forty thousand dollars and no more and such debentures shall be issued within thirty days from the passing of this Act and not afterwards.

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).

24 Liability of Corporation

The principal moneys secured by every debenture issued under this Act shall when the same become payable be a debt of the Corporation aforesaid to the holders for the time being of such debentures respectively and the interest secured by every such debentures shall when the same becomes payable be a debt of the Corporation aforesaid to the holders for the time being of the coupon for such interest respectively and every sum of money due by the Corporation aforesaid under this provision shall be recoverable by action against the Corporation aforesaid and payable out of any moneys from time to time applicable by law for the general purposes of the Corporation aforesaid.

25 Land in Schedule 3 vested in Superintendent with power to mortgage

The piece of land described in Schedule 3 to this Act shall be vested in the Superintendent of the Province of Wellington and his successors in office freed from the several sums of money charged thereon under the said Consolidated Loan Application Act 1869 [Repealed] upon trust for the public use of the said Province.

26 Certain lands freed and discharged from payment of moneys under this Act

Notwithstanding anything contained in The Consolidated Loan Application Act 1869 [Repealed] or in this Act or in any other Act or Ordinance the Superintendent of the said Province shall in pursuance of the provisions of The Public Buildings Reserves Act 1867 [Repealed] surrender to Her Majesty the Queen all parcels of land now used or appropriated as and for a site for a Custom House and other public buildings for the use of the General Government and not yet vested in the Crown and such land shall be held by Her said Majesty freed and discharged from the payment of all or any moneys secured or made payable by this Act or The Consolidated Loan Application Act 1869 [Repealed] or any other Act or Ordinance giving or affecting to give any security over or charge upon the said Reclaimed Land or any part thereof or any claims or demands in respect thereof in any wise howsoever.

27 No claim against revenue of the Colony

No mortgagee or holder of debentures issued under this Act shall have any claim upon the ordinary or other revenue of the Colony of New Zealand for the payment or satisfaction of the principal moneys or interest secured by such mortgage or debentures.

28 Accumulated funds of Benefit Societies may be invested under this Act

Notwithstanding anything contained in any Act relating to Building or any other Benefit Societies in New Zealand or in the rules of any such Society to the contrary it shall be lawful for the governing body of any such Society to invest in any mortgage to be made under the provisions of this Act any accumulated funds which under the provisions of any Act relating to Building or other Benefit Societies or any rules thereof may be invested in real or Government securities.

Schedule 1

ALL that parcel of land in the City of Wellington lately reclaimed from the sea the boundary line of which commences at the north-east corner of land in the occupation of Jacob Joseph and Co. It then follows the northern boundaries of lots Nos 167 166 165 164 163 162 161 159 the northern abutment of Featherston Street the northern boundaries of lots Nos 147 148 149 150 151 and the northern abutment of Custom House Quay thence along the eastern side of Custom House Quay until it meets the production of the southern boundary of lot No 51A thence along said production to south-east corner of lot No 51A thence along southern boundaries of lots 51A 52A 53A 54C and 56A thence across Featherston Street and along southern boundaries of lots Nos 58A 59A 60A 61A 62A and 63A thence along western boundaries of lots Nos 63A and 64A the western abutment of Panama Street the western boundaries of lots Nos 65A 66C 67A 68A 69 the western abutment of Brandon Street the western boundaries of lots Nos 94 95 96 97 98 the western abutment of Johnston Street the western boundaries of lots Nos 115 116 117 118 and 119 the western abutment of Waring Taylor Street to the south-west corner of land in the occupation of Jacob Joseph and Co thence along southern boundary of said land to south-west corner of lot No 167 thence along the western boundary of said lot to the starting point subject to all such public and private rights of way and other like rights over all or any part of the said land as are now existing and excepting thereout the several parcels of land following that is to say the land described in Schedule 3 to this Act. The lots numbered 51A 52A 67A 68A 69 94 95 96 97 149 150 151 and 152 on the plan of the said Reclaimed Land and so much of the lot numbered 70 on the said plan as lies to the westward of a line drawn within the said lot parallel to the western boundary thereof and distant 12 feet 5 inches therefrom.

Schedule 2

CITY OF WELLINGTON LOAN OF $ . Number $ . Debenture for $ , $ Payable at on . Issued by the Corporation of the City of Wellington New Zealand under an Act of the General Assembly of New Zealand intituled The Wellington Reclaimed Land Act 1871. NB—The holder of this Debenture has no claim in respect thereof upon the Government of the Colony of New Zealand or upon the Provincial Government of the Province of Wellington or on the Revenue thereof. On presentation of this Debenture at on or after the day of 18 the bearer hereof will be entitled to receive $ . Interest on this Debenture will cease after the day when the payment falls due unless default is made in payment. Issued under the Seal of the Corporation the day of 187 . Signed Mayor. Countersigned Town Clerk. (COUPON.) Debenture No of the Corporation of Wellington New Zealand issued under The Wellington Reclaimed Land Act 1871 Due On presentation of this Coupon at on or after the day of 18 the bearer hereof will be entitled to receive $ Signed Mayor. Countersigned Town Clerk.

The figure “$” was substituted, as from 10 July 1967, for the figure “£” pursuant to section 7(1) Decimal Currency Act 1964 (1964 No 27).

Schedule 3

ALL that parcel of land in the City of Wellington being part of the land lately reclaimed from the sea bounded on the North by Brandon Street on the South by Panama Street on the East by Custom House Quay and on the West by Featherston Street.

Wellington Reclaimed Land Act 1871