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Sydney or Melbourne by giving at the office of the said Superintendent six calendar months previous notice in writing terminating on a first day of January or a first day of July of his wish to make such alteration and a memorandum of such alteration shall be endorsed on the debenture by the person receiving the notice at the time of such receipt.

9 The said Superintendent shall in each and every year so long as any money shall be due and owing on account of any Debentures issued under authority of this Act invest on the security of Debentures issued by the General Government or upon security of real property within the Province of Auckland a sum equal to three pounds per centum on the amount due at the time of investment upon the security of the Debentures issued under this Act for the purpose of forming a sinking fund to pay off the said Debentures and the interest to accrue upon all moneys so invested shall from time to time be re-invested in the like manner for the like purpose.

Three per cent. on the amount due to be invested as a sinking fund

10 All moneys received by the Superintendent by reason of the exercise by him of any of the powers contained in this Act shall be applied in the first place (after defraying all necessary expenses of raising the same) to refund to the General Revenue of the Province all moneys due and owing or which may have at that time been advanced from the said Revenue for or towards the formation of the main sewer in the City of Auckland and the balance in completing the said sewer and in supplying water to the inhabitants of the said City of Auckland.

Appropriation of money raised

11 The short Title of this Act shall be "The City of Auckland Debenture Act 1859."

Short Title

SCHEDULE A

1 A portion of allotment No. 1 of Section No. 3 containing by admeasurement one rood and twelve perches (more or less) being bounded on the North by Fore-street one hundred and sixty-eight links on the East by other portion of said allotment No. 1 two hundred and eight links on the South by Shortland-street one hundred and forty-six links and on the West by Queen-street two hundred and four links.

2 Section No. 31 containing by admeasurement six acres and ten perches (more or less) being bounded on the North by Wellesley-street seven hundred and sixteen links on the East by Queen-street four hundred and seventy links on the South East by Grey-street five hundred links on the South by Cook-street four hundred and ninety-five links and on the West by Albert-street nine hundred and twenty-five links.

3 Section No. 85 containing by admeasurement one acre two roods and thirty-two perches (more or less) being bounded on the North West and North by Mount-street two hundred and seventy-two links and three hundred and eighty-four links on the East and South East by Symonds-street nineteen links and six hundred and seventeen links on the South by a line thirty links and on the South West by Wakefield-street four hundred and seventy-one links.

4 Section No. 50 containing by admeasurement seven acres and three roods (more or less) being bounded on the North West by Picton-street one thousand five hundred and eighty-eight links on the East by Hepburn-street one thousand three hundred and seventy-five links on the South by Ponsonby Road one thousand one hundred and sixty links.

5 A portion of Section No. 51 containing by admeasurement thirteen acres, two roods and twenty-five perches (more or less) being bounded on the North by Lot No. 11 five hundred and four links on the West by Lots Nos. 10 and 11 three hundred links again on the North by Smith-street in a curve and on the North East by a Street four hundred and ten links on the East by a line one hundred links.