Preamble

WHEREAS by The Te Aro Reclamation Act 1879, the Mayor, Councillors, and Citizens of the City of Wellington (therein and hereinafter referred to as the Corporation) were empowered to reclaim certain lands from the Harbour of Port Nicholson: And whereas the Governors of the Wellington College (hereinafter called the Governors) are the owners of certain lands in Willis Street, in the City of Wellington, which will be injuriously affected by the execution of such reclamation: And whereas the Corporation have agreed, by way of compensation, to allow the owners of land so injuriously affected to purchase the land to be reclaimed situate opposite to their land on certain terms, and that the purchase-money should, if required, be secured by mortgage over the said land and hereditaments so to be purchased: And whereas it is expedient to allow the Governors to do all things necessary for the carrying out of the proposed agreement:

BE IT THEREFORE ENACTED by the General Assembly of New Zealand in Parliament assembled, and by the authority of the same, as follows:—

It shall be lawful for the Governors to purchase the land described in the Schedule hereto, or any portion or portions thereof, on such terms and conditions as may be agreed upon, and may include, as the consideration for any such purchase or purchases, the waiver of any claim or claims against the Corporation in respect of lands injuriously affected by the execution of reclamation aforesaid; and may reconvey, by way of mortgage to the Corporation, the said lands so purchased, for the purpose of securing payment of the whole or any part of the purchase-money for the land so purchased, at such rate of interest, and upon such terms and conditions, and with such powers of sale or otherwise as the Governors may deem expedient.

When and so often as the principal moneys secured by mortgage under the provisions hereinbefore contained shall fall due, it shall be lawful for the Governors to raise on mortgage over the said lands, in like manner as aforesaid, such sum or sums as may be necessary for the repayment of any moneys then falling due.

Schedule

ALL that piece of land in the City of Wellington, containing one rood and one perch, more or less, bounded on the West by Lots Nos 4 and 5, reclaimed land, now belonging to the Governors of the Wellington College, 112 feet; on the East by a proposed street, 112 feet; on the North by other part of the proposed reclaimed land, 100 feet; and on the South by the continuation of College Lane, 100 feet.

All that piece of land in the City of Wellington, containing twenty-five perches, more or less, bounded on the West by Lot No 2, reclaimed land, now belonging to the Governors of the Wellington College, 70 feet; on the East by a proposed street, 70 feet; and on the North and South by other part of the proposed reclaimed land, 100 feet respectively.

Wellington College Land Act 1883