The Short Title of this Act shall be “The Foxton Reserves Act, 1878.”

It shall be lawful for the Governor to convey to the Board of Commissioners of the local District of Foxton all that piece of land the boundaries whereof are set forth in the Schedule hereto, to be held in trust for a public park and recreation-ground and rifle-range for the inhabitants of Foxton and its vicinity: Provided always that in the deed of conveyance there shall be inserted a condition that all rents and profits derived from the said land shall be expended in the improvement of the said land, and for no other purpose: Provided further that the said Board of Commissioners shall not have power to lease any part of the said land for a longer period than five years, and that such leasing shall be by public auction.