Post by Kiwi Frontline on Aug 30, 2016 17:18:48 GMT 12
IWI EYE FISHERIES SETTLEMENT PROFIT
Iwi have voted take some of the money set aside to run Te Ohu Kaimoana in future ... but then set up a new conflict on how the money will be divided.
The trust had proposed the $74 million it has built up in savings and accumulated profits over the past 20 years form an endowment.
But the hui then voted 28 iwi to 23 that the distribution be not on the basis of coastline or population but with each iwi getting an equal share - great for the likes of Ngai Tamanuhiri but not so for Ngapuhi or Ngai Tahu.
www.waateanews.com/waateanews/x_story_id/MTQ0Nzk=/National/Iwi%20eye%20fisheries%20settlement%20profit/
Iwi have voted take some of the money set aside to run Te Ohu Kaimoana in future ... but then set up a new conflict on how the money will be divided.
The trust had proposed the $74 million it has built up in savings and accumulated profits over the past 20 years form an endowment.
But the hui then voted 28 iwi to 23 that the distribution be not on the basis of coastline or population but with each iwi getting an equal share - great for the likes of Ngai Tamanuhiri but not so for Ngapuhi or Ngai Tahu.
www.waateanews.com/waateanews/x_story_id/MTQ0Nzk=/National/Iwi%20eye%20fisheries%20settlement%20profit/