The Petone Borough Council and the Hutt Borough Council may either separately or conjointly, on such terms as may be agreed upon between the said Councils, purchase any land which the Harbour Board may have approved of as a site for stores and other accommodation in connection with the said wharf, and may pay for the said land or an agreed-upon share of the purchase-money of the same out of special loans, which are hereby authorised to be raised by either or both of the said Councils, with the approval of the ratepayers of their respective boroughs, under the provisions of “The Local Bodies’ Loans Act, 1901,” and its amendments.

As security for the interest and sinking fund, if any, on such special loans, the Petone and Hutt Borough Councils may pledge such respective special rates on all rateable property in their respective boroughs as may be given notice of in any loan proposals on the subject carried by the ratepayers of the respective boroughs, but need not actually levy any portion of such rates if they shall prefer to pay the said charges out of the District Fund of their respective boroughs.

The Council or Councils which may have purchased such for the purposes aforesaid under the powers hereinbefore contained may thereafter vest the same in the Harbour Board, either in fee-simple or for such term and upon such conditions in all respects as may be agreed upon between the Council or Councils purchasing the same and the Harbour Board.

The Petone Borough Council may grant to the Harbour Board the right to lay down and work a line or lines of tram-rails upon or over any of the streets or property of the said Council from such proposed wharf, when constructed by the Board, to the site so provided for sheds and stores as aforesaid, upon such terms and conditions as may be agreed upon between the Petone Borough Council and the Harbour Board.

The Petone Borough Council may purchase any private interests which may exist in any part of the beach; and the Governor, on being satisfied that all private rights to the beach have been extinguished, may, upon the request of the Petone Borough Council, by Proclamation published in the Gazette, vest the whole of the beach, or such part thereof as the Governor shall think fit, in the Petone Borough Council as a reserve for the purposes of a public promenade and recreation area, subject to the right of access over the same being reserved to the Harbour Board in connection with harbour-works or for harbour purposes; and upon the publication of such Proclamation in the Gazette the beach named therein shall absolutely vest in and be under the control of the Petone Borough Council for the purposes aforesaid.

After the beach shall have been vested as aforesaid in the Petone Borough Council the said Council may spend money in ornamenting and improving the beach as a public promenade, and in building band rotundas and bathing and boating sheds thereon, but shall not build or allow to be built thereon any residence or buildings of any kind other than those of the nature hereinbefore mentioned.

After the said beach shall have been so vested in the Betone Borough Council the said Council may, under and subject to the provisions of “The Municipal Corporations Act, 1900,” make by-laws regulating the use of the same by the public, prescribing such terms, rentals, and conditions under which bathing or boating sheds may be erected thereon as to the Council may seem fit, and providing for the protection of the said beach and the keeping of the same in a clean and sanitary condition, and for the protection of any buildings, conveniences, or ornamentations erected thereon, or any plantations thereon, and generally securing to the Council the efficient control of the beach for the purposes aforesaid.

The Petone Borough Council may, subject to the approval of the Governor in Council, lease, if it thinks fit, by private contract to any Volunteer corps, rowing or boating club, or to trustees on behalf of any such corps or club, a site on the said beach when vested in the said Council, for the bona fide purposes of boating-sheds, in such manner and for such term of years as the said Council shall think fit; and any rentals reserved may, in the discretion of the said Petone Borough Council, be less than the full improved or ground rent. Every such lease shall be granted subject to the condition that no such club shall have the power of subletting any part of the land leased to them, and that all land so leased shall revert to the Petone Borough Council and the lease thereof be determined in the event of such land not being bona fide used for the objects and purposes for which it was leased.

The Petone Borough Council may raise such sums of money as it thinks fit for the purchase of private rights in the beach and for the improvement of the same, after it shall have been vested by Proclamation in the Council, by way of special loan under and subject to the provisions of “The Local Bodies’ Loans Act, 1901,” and its amendments; and may, in order to provide the interest charges and sinking fund, if any, in connection with such loan, pledge such special rate on all rateable property in the Borough of Petone as may be mentioned in the notice published in accordance with the said Act prior to the poll being taken in connection with the raising of the said loan, but need not actually levy any part of such special rate if the said Council shall prefer to pay the said charges out of the District Fund.

After the beach shall have been vested as aforesaid in the Petone Borough Council the Governor may, on the request of the Petone Borough Council, by notice in the Gazette, vest in the Harbour Board such of the said beach as may be agreed upon between the Petone Borough Council and the Harbour Board as necessary for convenient access to the root of any wharf and for the working thereof; and upon publication of such notice in the Gazette the said land shall absolutely vest in the Harbour Board for the purposes for which the Harbour Board is constituted.

Anything in “The Petone Corporation Lighting and Sanitation Loans Empowering Act, 1898” (hereinafter called “the said Act”) notwithstanding, it shall be lawful for the Petone Borough Council to sell and dispose of to the Mayor, Councillors, and Burgesses of the Borough of the Lower Hutt, at such price as the Petone Borough Council and the Lower Hutt Borough Council mutually agree upon, all the rights whatsoever of the Mayor, Councillors, and Burgesses of the Borough of Petone and of the Petone Borough Council under the said Act to construct and maintain works for the manufacture and distribution of gas and of electricity, and for the lighting of streets and public places, and the supply of gas and electricity for lighting and heating purposes and for motive power within the Borough of Lower Hutt, and all its mains, lamps, pipes, conduits, service-pipes, and other plant and material whatsoever used or employed for such purposes within the Borough of the Lower Hutt.

Upon such sale being effected, all liability of the Petone Borough Council under the said Act for the supply and distribution of gas and electricity within the boundaries of the Borough of the Lower Hutt in any way in connection therewith, and all right and liberty to supply and distribute gas and electricity within such last-mentioned borough, shall cease and determine.

The Lower Hutt Borough Council shall not exercise this power of purchase, nor the Petone Borough Council this power of sale, until the ratepayers of the respective boroughs have approved of the proposed sale and purchase at a poll taken in each borough under the provisions of “The Local Elections Act, 1904.”

All moneys received by the Petone Borough Council from the Lower Hutt Borough Council in respect to such sale shall be applied in or towards repayment of the principal and interest moneys of any special loan raised for lighting purposes by the Petone Borough Council under the provisions of the said Act.