All that piece or parcel of land situated at Mount Victoria, containing 5 acres, more or less, being bounded to the eastward 708 links by Section No 2 of the Evans Bay District; and to the northward, westward, and southward, each 708 links, by the reserve vested in the Corporation and known as the Town Belt: as shown on a plan deposited at the office of the Marine Department and numbered MD 1748, and thereon bordered red.