Oct. 25.] THE NEW ZEALAND GAZETTE. 2813

said Consolidation Act was authorised to borrow for the purpose in the said Consolidation Act specified the sum of £200,000: And whereas the Corporation borrowed upon debentures of £100 each, which mature on the 28th day of February, 1907, the sum of £200,000, pursuant to the provisions of the said Consolidation Act, such debentures, with interest thereon at the rate of 6 per cent. per annum, being secured on the revenues of the City of Wellington as then constituted, and on a rate of 1s. in the pound on the basis of the annual value of all property in the City of Wellington, which was made and levied on the 15th day of February, 1877, under the provisions of the said Consolidation Act: And whereas it is necessary to borrow the sum of £200,000 to pay off the said loan, and it is proposed, in pursuance of the powers given in this behalf, to secure the same in the manner and upon the securities pledged for the present loan as hereinafter declared: And whereas any special rate now and since the 1st day of April, 1902, leviable and collectible in the City of Wellington must be levied and collected under the provisions of “The Rating on Unimproved Value Act, 1896,” and its amendments, and a rate of 1½d. in the pound on the basis of the unimproved value is equivalent to a rate of 1s. in the pound on the basis of the annual value, and the authority given to strike a rate on the basis of the annual value is, under the provisions of “The Rating on Unimproved Value Act, 1896,” and its amendments, an authority to levy a rate that will not exceed in its producing-capacity the limit of rating-power on the gross value, and since the said 1st day of April, 1902, the rates which have been raised for the purpose of paying interest on the said loan have been raised in accordance with the provisions of “The Rating on Unimproved Value Act, 1896,” and its amendments:

Now, therefore, the Wellington City Council doth hereby, in exercise of the powers vested in it in that behalf by the said Consolidation Act, “The Local Bodies’ Loans Act, 1901,” and “The Municipal Corporations Act, 1900,” and their amendments, and in pursuance of all other Acts, and in exercise of all other powers (all which Acts and powers are hereinafter collectively referred to as “the said Acts and powers”) enabling it or vested in it in that behalf, resolve by special order, first, to borrow the sum of £200,000, repayable on the 28th day of February, 1932, for the purpose of paying off the above-mentioned existing loan of £200,000 now owing as aforesaid; secondly, that the said loan shall, pursuant to the provisions of the said Consolidation Act, be secured upon the revenues of the said City of Wellington as it was bounded prior to the incorporation of the Borough of Melrose therein, in the same manner and to the same degree and with the same rights, force, and effects as affect the existing loan of £200,000; thirdly, that the rate levied in February, 1877, for the purpose of a security for the payment of the interest on the existing loan of £200,000 is hereby confirmed, so that a special rate of 1½d. in the pound on the basis of the unimproved value of the said City of Wellington as it was bounded prior to the incorporation of the Borough of Melrose therein shall be hereafter leviable; and the Council doth, in pursuance and exercise of the said Acts and powers hereby (by special order) resolve as follows: That, for the purpose of providing the interest, sinking fund, and other charges on a loan of £200,000, authorised to be raised by the Wellington City Council, under the said Acts and powers, for the repayment of a loan of £200,000 raised under the provisions of “The City of Wellington Loans Consolidation Act, 1876,” the said Wellington City Council hereby makes and levies (by special order) a special rate of 1½d. in the pound upon the rateable value (on the basis of the unimproved value) on all rateable property in that part of the City of Wellington formerly comprised in the City of Wellington immediately prior to the incorporation therein of the Borough of Melrose, the boundaries of which are set forth in the Schedule to this resolution; and that such special rate shall be an annual-recurring rate, and be payable half-yearly on the 1st day of July and the 1st day of January in each and every year during the currency of such loan, being a period of twenty-five years, or until the loan is fully paid off.

Schedule.

The boundaries commence at a point where the north-eastern boundary of the land forming part of the Harbour of Port Nicholson and granted by deed of grant dated the 18th day of October, 1855, to the Superintendent of the Province of Wellington joins the Hutt Road, and extending from thence along the said road to a point due east of the eastern extremity of the northern boundary of the Native reserve which lies immediately to the northward of Town Section No. 658 on the plan of the said city; from thence across the Hutt Road to the eastern extremity of the northern boundary of the said reserve; from thence along the northern boundary of the said reserve and along the northern boundary of the Town Belt, in the Tinakori Road District, to the northern extremity of the western boundary thereof; from thence along the western boundary to a point in such boundary where it reaches a Native reserve; from thence along the north-eastern boundary of the said reserve to the south-western corner of Grant Road; from thence along the southern side of a road leading from Grant Road to the Tinakori Road; from thence across the Tinakori Road to the eastern side thereof; from thence southwardly along the eastern side of the Tinakori Road to the western boundary of the Botanical Reserve; from thence to the north-western corner of Section No. 28, Karori District; from thence eastwardly along the northern boundary of the said Section No. 28 to the western boundary of the Section No. 6 of the City Reserves, in the Terrace District; from thence southwardly along the western boundary of the reserves in the said district to the south-eastern corner of the said Section No. 28; from thence westerly along the southern boundary of the said Section No. 28 to the north-western corner of Section No. 11 of the City Reserves, in the Terrace District; from thence southwardly along the western boundary of the City Reserves, in the said district, to the southern extremity thereof; from thence eastwardly along the northern boundary of Section No. 11, Ohio, to the western side of Epuni Street; from thence across Epuni Street; from thence southwardly to the south-western corner of Section No. 9 of the City Reserves, in the Western District; from thence eastwardly along the southern boundary of the said section to the western boundary of Section No. 12 of the City Reserves, in the last-named district; from thence southwardly along the western boundary of Sections Nos. 12 and 13 of the City Reserves, in the last-named district, to the southern extremity of such boundary; from thence along and to the extremity of the southern boundary of the said Section No. 13; from thence southwardly by a direct line to the south-western corner of Section No. 18 of the City Reserves, in the Western District; from thence along and to the eastern extremity of the northern boundary of the Native reserve there; from thence along and to the southern extremity of the eastern boundary of the said Native reserve; from thence along and to the western extremity of the southern boundary of the said Native reserve; from thence by a direct line along the boundary of Section No. 18, Ohio District, to the northern side of a road lying to the northward of Section No. 20, Ohio District; from thence eastwardly along the northern side of the said road to the boundary-line of Section No. 3 of the City Reserves, in the Southern District; from thence southwardly along the western boundary of the said Section No. 3 to the northern boundary of Section No. 4 of the said reserves, in the said district; from thence westwardly to the north-west corner of the said Section No. 4; from thence southwardly along and to the extremity of the western boundary of the said section; from thence eastwardly along and to the eastern extremity of the southern boundary of Sections Nos. 4 and 5 of the City Reserves, in the Southern District; from thence southwardly to the south-western corner of Section No. 6 of the said reserves; from thence eastwardly to the south-eastern corner of the Flagstaff Reserve; from thence along the eastern boundary of the Town Belt to the extremity thereof at the north-eastern corner of Section No. 7 of the City Reserves, in the Mount Victoria District; from thence westwardly across the road there to the margin of the sea-shore; from thence along high-water mark adjoining Oriental Terrace and Clyde Quay, as widened in terms of clause 3 of “The Wellington City Reclamation and Public Baths Act, 1898,” to the northern boundary of the parcel of land described in the Sixth Schedule referred to in Schedule A to “The Wellington Harbour Board and Corporation Empowering Act, 1898”; from thence along the seaward boundaries of the parcels of land described in the Sixth Schedule and in the Fifth, Fourth, and Sixteenth Schedules referred to in the said Schedule A to the point marked O in the drawing M.D. 2193 where the north-western boundary of the parcel of land described in the said Fourth Schedule intersects the line defined in the First Schedule to “The Reclamation within the Harbour of Wellington Act, 1887,” and therein called the defined line; from thence along the defined line to its intersection (FF on M.D. 2193) with the seaward boundary of the parcel of land described in the Third Schedule of “The Reclamation within the Harbour of Wellington Act, 1887”; from thence along the said seaward boundary to the north-eastern corner of the said parcel of land; from thence eastward 81° 31′, 28·5 links, to the south-east corner of the parcel of land described in the Third Schedule to “The Wellington Corporation and Harbour Board Streets and Lands Act, 1892”; from thence along the seaward boundary of the said parcel of land to its intersection (W on M.D. 2192) with the seaward boundary of the parcel of land described in the Third Schedule to “The Wellington Harbour Board Reclamation and Empowering Act, 1898”; from thence along the said seaward boundary of the parcel of land to the northernmost point thereof (I on M.D. 2192); from thence along the seaward boundary of the parcel of land granted to