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lease, and of management of such reserves, and of disposing of the rents, issues, profits,
and proceeds thereof, and other powers, provisions, and provisoes as shall be expressed
and declared in such Order: And whereas the several parcels of land described in the Schedule hereto
have been reserved and set apart for the purposes therein mentioned, and such reserves are now subject
to the provisions of the said Act: And whereas it is expedient that the said reserves should be vested
in the Mayor, Councillors, and Burgesses of the Borough of Hokitika (hereinafter called the “Corporation”),
in the manner hereinafter mentioned:

Now, therefore, His Excellency the Governor, with the advice and consent of the Executive
Council, and in exercise and pursuance of all power and authority in this behalf in him vested, doth hereby
order and direct that from and after the date hereof the reserves particularly mentioned and described
in the Schedule hereto shall vest in and be held by the Corporation in trust for the public service of the
said Borough, with power to dispose of and manage such reserves under and subject to the following conditions,
that is to say:—

1. The said reserves shall be vested in the Corporation for the several purposes mentioned in the Schedule,
   and in cases where the purpose for which such reserve was made shall be specified, the Corporation shall have no
   power to alter the same, but such reserve shall be held in trust for the particular purpose specified.

2. As to the reserves mentioned in the First Part of the said Schedule, the Corporation shall have power to lease
   the same, or any of them, to any person or persons, or to any body corporate, for any term not exceeding twenty-one
   years from the date of such lease, reserving such rent or rents as the Corporation may think fit; and every such lease
   shall contain all usual and proper covenants on the part of the lessee or lessees, and shall contain a condition or
   right of re-entry for breach of any of the provisions of such lease.

3. As to the reserves mentioned in the Second Part of the said Schedule, before any lease or disposition
   thereof shall be made to any person or body corporate, the consent of the Governor shall be obtained prior to the
   execution of the lease, and such consent, if given, shall be indorsed on the intended lease; but, subject to this
   condition, the Corporation shall have the like right of leasing any reserve mentioned in the Second Part of the
   said Schedule as is hereinbefore given with respect to the reserves mentioned in the First Part of the said Schedule,
   and the Governor may, if he think fit, refuse to assent to any such lease.

4. It shall be lawful for the Governor to require that any such lease as last aforesaid shall contain
   such additional covenants or conditions on the lessee’s part as he may think fit and adapted to secure the
   effectual management of any such reserves.

5. The rents, issues, and profits to be received or derived from the leasing of any of the reserves mentioned
   in the said Schedule shall be vested in the Corporation, and by them received and appropriated to the Borough
   Fund, and may be applied thereout in such manner as the ordinary revenue of the Corporation may be applied.

SCHEDULE—PART I.