December 04, 2017
$1bn assets helps hapu to achieve dreams
The value of Ngati Whatua Orakei’s settlement grew 16 percent in the past financial year, pushing the total value of the Auckland hapu’s assets to $1.09 billion.
In his chairman’s report, Phillip Davis says the strong balance sheet will allow it to being its dreams to life.
These include helping members into affordable housing.
The report says the hapu has just over 2500 registered members.
Mr Davis says people need to understand in mana whenua terms Ngati Whatua are the leaders in Tamaki Makaurau.
During the year it spent more than $1 million on lawyers and advisors in its fight over the crown offering other iwi settlement properties in central Auckland.
Yesterday the Court of Appeal ruled against the hapu, saying it signed both its settlement deed and the Tamaki Collective deed knowing that neither gave it an exclusive right in respect of any of the land available for commercial redress.
Ngati Whatua says it is considering an appeal to the Supreme Court because it believes the current approach to overlapping claims is a fundamental breach of tikanga and of its treaty rights.
Meanwhile Ngati Paoa Trust chair Gary Thompson says his iwi hope the case, which involves two of its redress properties in central Auckland, can be resolved outside the court room.
He says the Court of Appeal result was bitter sweet, as his iwi would prefer to resolve such matters with a tikanga approach.
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