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Country’s largest iwi group has yet to settle with the Crown.
The Crown has established an investment fund for the country s largest iwi to house assets obtained in Treaty of Waitangi negotiations.
The first of its kind fund has initial capital of $150 million given by the government, and part of its annual revenue will be used for grants to ngā hapū me ngā uri o Ngāpuhi (Ngāpuhi) for social development and building governance capability.
The Ngāpuhi Investment Fund Ltd was formally constituted in December 2020 as a Crown-owned company under Schdule 4A of the Public Finance Act and will trade under the name Tupu Tonu – which translates as ‘prosperity in
Waitangi: Ngāti Hine leader Waihoroi Shortland calls on Ngāpuhi to step up
4 Feb, 2021 03:04 AM
4 minutes to read
Social issues reporter, NZ Heraldmichael.neilson@nzherald.co.nz
A leader of a Ngāpuhi hapū long seen to block progress on the collective iwi s Treaty settlement process has delivered a stark message for his people to step up.
The comments, from Te Rūnanga o Ngāti Hine chairman Waihoroi Shortland, were in response to this week s announcement of a $150 million investment fund in a step towards Ngāpuhi finally reaching a settlement for Crown breaches of Te Tiriti o Waitangi/The Treaty.
$150m fund established for Ngāpuhi while negotiating Treaty of Waitangi claims
1 Feb, 2021 10:28 PM
3 minutes to read
Minister for Treaty of Waitangi Negotiations at the upper marae at the Waitangi Treaty Grounds in 2020. Photo / Michael Cunningham
Minister for Treaty of Waitangi Negotiations at the upper marae at the Waitangi Treaty Grounds in 2020. Photo / Michael Cunningham
Political reporter, NZ Herald@AmeliaJWade
A $150 million investment fund is being established for Aotearoa s largest iwi, Ngāpuhi, in a step towards finally reaching a settlement.
The Ngāpuhi Investment Fund Limited will be a new Crown company which will grow a portfolio of assets which can be offered to the Far North iwi in negotiations.