New Zealand Gazette – 1994 – No. 94

Page 2877

✨ Irrigation Scheme Sale Details

16 SEPTEMBER NEW ZEALAND GAZETTE

Valetta

1. Description

Farm development of the Valetta area began as a farm settlement scheme in the 1950’s. The Valetta Irrigation Scheme was the last of the irrigation schemes in Mid Canterbury to be developed from the Rangitata Diversion Race (RDR). The scheme is flanked by the much more extensive Ashburton-Lyndhurst Irrigation Scheme to the north and Mayfield-Hinds Irrigation Scheme to the south, both of which also draw water from the RDR.

Water supply commenced in 1958. The Scheme supplies water to 7,385 hectares involving approximately 50 farmers on mainly sheep farming land. Water is distributed from the RDR through open races to farm properties for border-dyke irrigation.

The Scheme anticipated the funding provisions of the Public Works Act 1960 which provided a 100% grant for off-farm works and a 10 year development period. Charges were increased in annual steps over the 10 year period until they covered the annual operating costs and interest on quarter of the capital cost. The charges deferred for the development period were intended for recovery over 40 years together with the annual operating and maintenance charges.

2. Previous Gazette References

21 June 1956, NZ Gazette No 35, page 817
1 June 1961, NZ Gazette No 36, page 781

3. Purchaser

Valetta Irrigation Co-operative Society Ltd


4. Effective Date	1.7.89
5. Date of Purchase	29.10.90
6. Date of Financial Statement	31.3.93

Amount of Settlement ($)


7. Purchase price paid for the assets	70,000
8. Water rates revenue refunded	0
9. Other payments by the Crown	0
10. Net Settlement by Purchaser	82,316
11. Debtors transferred to Purchaser	0

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VUW Te Waharoa — NZ Gazette 1994, No 94

NZLII — NZ Gazette 1994, No 94

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✨ LLM interpretation of page content

🌾 Sale of Crown-Funded Irrigation Schemes (continued from previous page)

Domain🌾 Primary Industries & Resources
KeywordsIrrigation, Crown funding, Sale, Financial settlement, Valetta, Mid Canterbury, Rangitata Diversion Race, Ashburton-Lyndhurst Irrigation Scheme, Mayfield-Hinds Irrigation Scheme

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