The Short Title of this Act is “The Wellington Harbour Board Empowering Act 1902 Amendment Act, 1903.”

Section fourteen of “The Wellington Harbour Board Empowering Act, 1902,” is hereby repealed.

Notwithstanding anything contained in section four of “The Wellington Harbour Board Empowering Act, 1902,” out of the total loan-moneys authorised to be raised under the authority of sections four and ten of the said Act the sum of two hundred and fifty thousand pounds shall be set aside and placed to the credit of a special fund, to be called “the Dock Fund Account”: Provided, however, that such sum may be contributed from any portion of the said moneys, and not necessarily from the first portions thereof.

All moneys paid into the Dock Fund Account shall be used exclusively in paying for the construction of a graving-dock and purposes such as are contemplated in sections ten and eleven of “The Wellington Harbour Board Empowering Act, 1902.”