2 AUGUST NEW ZEALAND GAZETTE 2045

Amount of Settlement ($)

7. Purchase price paid for the assets ............................................................ 1
8. Water rates revenue refunded .......................................................... 245,252
9. Other payments by the Crown .......................................................... 727,900
10. Net Settlement by Crown .................................................................. 801,780
11. Debtors transferred to Purchaser ($) .............................................. 0

Assets & Liabilities of the Crown before Settlement ($)

12. Historic Capital Cost ...................................................................... 740,469
13. Accumulated Liabilities ................................................................ 4,440,664

Liabilities Retained by the Crown

The Upper Manorburn and Lower Manorburn dams are a potential Crown liability if proposed dam safety legislation, which will have a materially adverse effect on the viability of the Scheme, is passed within 10 years from 2.11.90, the Date of Settlement. The owners have up to 18 months after that time to register a claim.

LAST CHANCE

1. Description

The Last Chance Irrigation Scheme is strung out along the west bank of the Clutha River below the Old Man Range, south of Alexandra. The scheme is based on many small historic water races and mining privileges acquired by the Crown prior to 1918. Shingle and Gorge Creeks to the south and Butchers and Conroys Creeks to the north are the main water sources.

The intakes are located in steep mountain gorges that are susceptible to storm damage. Many small races run across steep slopes and these are prone to damage also. Water is stored in Butchers and Conroys Dams which were completed in 1936 and 1935 respectively. The scheme initially irrigated 983 hectares of orchards and supplied water from the Butchers Dam to the Alexandra Borough until the 1970's, but in later years most of the water has been used for pasture irrigation. Some orchards and vineyards use stored water for frost-fighting. Water application is mainly contour and wild flooding with some spray systems.

The scheme was funded under the 1910 amendment to the Public Works Act 1908. The Crown paid the full cost of the off-farm works and there was no support for on-farm works.

The assets sold include 2 racemans houses.

2. Previous Gazette References

24 January 1923, NZ Gazette, No.7, p.266

3. Purchaser

Last Chance Irrigation Company Ltd

4. Effective Date ...................................................................... 12.8.89

5. Date of Purchase .................................................................. 10.7.90

6. Date of Financial Statement .................................................... 30.3.94

Amount of Settlement ($)

7. Purchase price paid for the assets .......................................................... 0
8. Water rates revenue refunded .......................................................... 61,251
9. Other payments by the Crown .......................................................... 591,053
10. Net Settlement by Crown .............................................................. 606,607
11. Debtors transferred to Purchaser ($) ............................................. 3,806

Assets & Liabilities of the Crown before Settlement ($)

12. Historic Capital Cost ................................................................ 248,751

MORVEN-GLENAVY-IKAWAI

1. Description

The assets of the Morven-Glenavy and the Redcliffs Schemes were combined for the sale.

Redcliffs: The Scheme draws water from the Waitaki River at Blackpoint. The 30 km of water races supply 1,700 ha in a narrow strip of land alongside the Waitaki River known as Ikawai. The Scheme was constructed under the Finance Act 1936 which enabled access to private land for construction of public works for employment after the depression. Water supply commenced in 1937.

Morven-Glenavy: The Scheme is supplied from an intake on the north bank of the Waitaki River downstream of the Redcliffs intake. Water for the area is diverted through an intake into ponds. These provide for settlement of silt from the River and storage of water during fluctuations of river levels due to operation of the Waitaki Power Scheme. Water is reticulated throughout the scheme in open races. The scheme also supplies additional water to farmers at the tail end of the Redcliffs Scheme which released water for irrigation of other properties within the scheme area.

The area irrigated is 12,283 hectares mainly in pastoral farming and some cropping. In the early years, sheep farming predominated but many of these have converted to dairy and some deer farming. Irrigation is by border strip and some spray. Water supply commenced in 1974.

The Morven Glenavy Scheme was constructed under the 1960 amendment to the Public Works Act 1928 with a 100% grant for off-farm works. The policy provided for annual water charges to include interest on one-quarter of the capital.

The assets sold include 1 raceman's house, a depot and ancillary buildings.

2. Previous Gazette References

Redcliffs: Not gazetted
Morven-Glenavy: 7 May 1970 NZ Gazette, No.27, p.793 and 795

3. Purchasers

Morven Glenavy Ikawai Irrigation Company Limited

4. Effective Date ...................................................................... 1.5.89

5. Date of Purchase .................................................................. 3.7.90

6. Date of Financial Statement .................................................... 30.6.94

Amount of Settlement ($)

7. Purchase price paid for the assets .................................................. 550,000
8. Water rates revenue refunded ...................................................... 324,362
9. Other payments by the Crown ...................................................... 7,800
10. Net Settlement by Purchaser ..................................................... 255,892
11. Debtors transferred to Purchaser ($) .......................................... 8,889

13. Accumulated Liabilities ......................................................... 1,821,655

14. Liabilities Retained by the Crown

The purchaser has the right to seek a review of its liabilities for the Butchers and Conroys Dams if dam safety legislation, which will have a materially adverse effect on the viability of the scheme, is passed within 10 years from 10.7.90, the Date of Purchase.