This Act may be cited as the Otago Harbour Board Empowering Act, 1929.

It shall be lawful for the Board, in lieu of the harbour warehouse as aforesaid, to expend the respective sums hereinafter mentioned, making together the sum of fifty thousand dollars, out of the loan-moneys borrowed or to be borrowed pursuant to the said Empowering Act of 1926, in or towards the following purposes, that is to say—

The purchase and erection of two cranes for Victoria Wharf, in the Harbour of Otago, and redecking and strengthening the said wharf in connection therewith, and for the purpose of railway connection— forty-four thousand five hundred dollars.

The erection of a bridge for and in connection with the school-site to be vested in the Education Board of the district of Otago pursuant to section seventy-one of the Local Legislation Act, 1928— two thousand four hundred dollars.

Shed appliances for handling goods— three thousand one hundred dollars.

The said Empowering Act of 1926 shall henceforth be construed and take effect as if the objects mentioned in section two hereof had been inserted in the Schedule to the said Act in lieu of “Harbour warehouse,” and the provisions of the said Act shall apply to such substituted objects accordingly.

Section one hundred and eighty-nine of the Reserves Act shall extend and apply to the lands comprised in the said certificate of title, Register-book, Volume 218, folio 69, in like manner as if the same lands had originally been part of the lands thereby authorized to be leased, and any agreement heretofore entered into between the Board and the Dunedin Corporation pursuant to the said section one hundred and eighty-nine, and including the lands mentioned in this section, shall be valid accordingly.

(1) It shall be lawful for the West Harbour Corporation and the Board to enter into and carry into effect an agreement for the surrender by the said Corporation to the Board of part of the land included in the said memorandum of lease, and for the lease by the Board to the said Corporation, in exchange for such surrender, of other lands belonging to the Board:

Provided that the land remaining subject to the said memorandum of lease, together with the additional land to be so leased, shall not exceed seven acres.

(2) Such new lease shall be for the balance of the term granted by the said memorandum of lease, and shall be granted with, upon, and subject to the same terms, covenants, and conditions as are contained in the said memorandum of lease, except that no additional rent shall be payable therefor.

(3) The said surrender and new lease may be dated from such past date as the West Harbour Corporation and the Board may agree on, and shall take effect from such date.

(1) The Board is hereby empowered to accept the surrender of the whole or part of the land situated in the City of Dunedin being Section Number 1, Block LXXII, on the plan deposited in the Lands Registry Office at Dunedin as Number 1470, included in the above-mentioned memorandum of lease, as may be agreed on between the Board and the lessee, and upon such terms as may be agreed.

(2) If only part of the said land is surrendered, then the said memorandum of lease, Registered Number 5423, shall be read and construed and take effect as if the land remaining subject thereto had been the only land originally demised thereby, except that the rent for the residue of the term of the said lease shall be such rent as shall be mutually agreed upon between the Board and the lessee; and such agreement shall be evidenced by a memorandum executed by the Board and the lessee, and such memorandum shall be registrable under the Land Transfer Act 1952.

It shall be lawful for the Board to enter into an agreement with the New Zealand Railways Department and also if necessary with the local authority for the construction, use, and operation of a railway connection on and between the Victoria Wharf and the New Zealand Railways, including the use of any street or approach to any wharf for that purpose, and to carry such agreement into effect.