This Act may be cited as the Tauranga Harbour Board Loan and Empowering Act 1966.

In this Act, unless the context otherwise requires, the term “Board” means the Tauranga Harbour Board.

This Act shall be deemed to be a special Act within the meaning of the Harbours Act 1950, and the Local Authorities Loans Act 1956.

The works and matters specified in the Schedule to this Act, shall, for the purposes of the Harbours Act 1950, or any other Act, be deemed to be harbour works.

The Board is hereby authorised, subject to the Harbours Act 1950, to construct and carry out such harbour works.

It shall be lawful for the Board from time to time to borrow in addition to the sums authorised by any previous Acts, and subject to the provisions of the Harbours Act 1950, and of this Act and of the Local Authorities Loans Act 1956, any sum or sums not exceeding in the aggregate the sum of eight hundred and forty-five thousand pounds, to be applied and expended subject to the provisions of the Harbours Act 1950, in the construction and carrying out of the harbour works specified in the Schedule to this Act, and in meeting the expenses of the loan.

It shall be lawful for a trustee, unless expressly forbidden by the instrument (if any) expressly creating the trust, to invest any trust funds in his hands in any debentures or other securities that may be issued or created by the Board in respect of the borrowing by the Board of any of the money authorised by this Act to be borrowed.

The Board is hereby authorised to refund to its Harbour Fund Account, from money borrowed under the authority of this Act, the amount of any money expended, not exceeding ten thousand pounds, whether before or after the passing of this Act, in the construction and carrying out the harbour works specified in the Schedule to this Act, and any amount so refunded shall be deemed to have been applied and expended for that purpose.

Notwithstanding anything in the Harbours Act 1950, and without prejudice to any of the powers contained in or any rights granted under section 8 of the Tauranga Harbour Board Loan and Empowering Act 1959, the Board is hereby authorised, when congestion occurs or is likely to occur in handling cargoes at the port, to regulate and control the allocation of berthage and storage and to grant prior rights thereto during construction of the additional berthage referred to in the Schedule to this Act.