2. Cancelling the reservation over certain education-endowment land in
 Gisborne Land District, setting it apart as a reserve for
 water-conservation purposes, and vesting it in the Corporation of the
 Borough of Opotiki---Whereas the land hereinafter described is reserved
 as an endowment for primary education: And whereas the land is required
 as an addition to the water-conservation areas vested in and owned by
 the Corporation of the Borough of Opotiki (hereinafter called the
 Corporation), and it is desirable that the said land should be set apart
 for water-conservation purposes and vested in the Corporation: Be it
 therefore enacted as follows:---

   (1) The reservation as an endowment for primary education over the
 land hereinafter described is hereby cancelled, and the said land is
 hereby set apart as a reserve for water-conservation purposes and vested
 in the Corporation in trust for such purposes.

   (2) The land to which this section relates is particularly described
 as follows:---

   All that area in the Gisborne Land District, containing by
 admeasurement sixty-two acres two roods eighteen perches, more or less,
 being Section 4, Block VIII, Opotiki Survey District (formerly known as
 Part Section 3 of the said Block VIII), being part of the land comprised
 in certificate of title, Volume 69, folio 228, Gisborne Registry, and
 bounded as follows: On the north generally by Part Section 3, Block
 VIII, Opotiki Survey District; on the east by Section 2, Block XIII,
 Waiawa Survey District; and on the south generally by Section 12, Block
 XIII, Waiawa Survey District; and by Lot 1, D.P. 15744 AK, being part
 Allotment 341, Waioeka Parish: as the same is more particularly
 delineated on the plan marked L. and S.6/1/649, deposited in the Head
 Office, Department of Lands and Survey, at Wellington, and thereon
 bordered red (Gisborne plan 4078, blue).