Govt offers Maori shares deal
Wed, 17 Oct 2012 6:21p.m.
By Brook Sabin
The Government is offering Maori millions of dollars' worth of shares as part of its planned state asset sales.
But Mana Party leader Hone Harawira says it’s a second-class deal, aimed at getting Maori to shut up and go away.
The battle over state asset sales and water rights looks set to head to court, led by the Maori Council. But not before the Government today dangled its own carrot, saying some iwi just want to buy shares.
“There's a lot of different people who claim to talk on behalf of Maori, and we're finding often they're wrong,” Finance Minister Bill English says.
The deal will be open to Maori who haven't settled their treaty claim, a group which includes 65 iwi.
Up to 12.5 percent of their future settlement would be cashed in for shares and if all iwi took it up, it would total around $145 million of the share float.
But Labour MP David Parker says it is confusing.
“On Monday we had shares plus, today we have special shares for Maori - it's a shambles.”
Mr Harawira says the offer is insulting to Maori.
“They're offering iwi a second-class deal if they'll shut up and go away. It's an insult.”
The Government denies it's a move to derail court action, but some argue iwi who accept this deal could shy away from funding court action.
And money is crucial because the Maori Council needs to raise $400,000 for its legal challenge.
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23/10/2012 6:43:28 p.m.
the DR wrote:
if millions of dollars of shares are being offered. what is the point of selling it will cost more to sell it than to keep it and we will lose all the profits so did mr key go to school or just the school of arrogance
20/10/2012 6:32:05 p.m.
Lyn the problem with that line of thought is that there are two nations no matter what you would like to believe. The nation that authorised 170yrs plus of criminal actions over the other just so happen to be in sync with your view Lyn. A word of advice Lyn perpetuating the abuse will only amplify the severity of the punishment when that time arrives. So to put the record straight your type doesn't represent the views of decent NZers. Sadly Lyn and her ilk exist ... when they shouldn't!
19/10/2012 7:42:10 p.m.
I'll be proud of a NZ where everyone is equal and take responsibility for themselves.People who think of how NZ will be in the future for everyone not one particular race.
19/10/2012 4:47:27 p.m.
Maaori can do what ever they like Lyn, they are global people. Sounds like you want to control every bit of Maaori peoples existence. Will you Lyn be able to move on and let Maaori be themselves? The out dated oppressive colonial mentality has to go wouldn't you think? Make NZ proud Lyn and make the right decisions please.
19/10/2012 2:53:42 p.m.
This is what I call crawling.
19/10/2012 8:09:52 a.m.
How well were those Maori resources managed ? The sell off has started with a golf club...such a special part of Maori tho not special enough if you have enough money.
18/10/2012 10:08:37 p.m.
Grant, glorifying a lifestyle generated off stolen authority of formally controlled and managed Maaori resources isn't quaint for NZers like ourselves to be proud of. Personally I wouldn't follow your advice to invest given its distant dysfunctional arrangement with Maaori who to a large degree maintains authority over the catchment areas (Lakes) needed for your investment to bear fruits. A clever investor would invest in the catchment basin to secure any form of investment certainty or does your ilk plan to steal the lakes or even confiscate them re-enacting the despicable practices of our forefathers? Who's to say that Iwi aren't already entertaining the idea of, on an invite only bases looking at privately selling off part ownership of there lake to a world actor, say China? A nation powerful enough to make the Government cower. Grant don't think for one moment that we NZers have the upper hand in this saga. It's really quite the opposite but the government isn't going to reveal its vulnerable side failing to out wit Maaori are they? It will only take one Iwi to partner up with a member state represented on the UN General Assembly and Security Council to make our own government realize how foolish it's been toward our Treaty Partner, the Maaori Nation. Purely and simply Grant your arrogance like many Proud NZers overwhelms you. It's really time for you to put that attitude to sleep ... for ever!
18/10/2012 2:20:37 p.m.
DSo another Giveaway / Bribe When will it stop Only when Govt & Nz is Broke
18/10/2012 10:02:00 a.m.
Maori will not win, they will be lucky to raise 400K to go to court and if they do then the Government can say they did everything they had to do under the so called and out dated treaty.
Im going to buy my shares Adrian, so you can help my family keep the lifestyle they have become to like.
17/10/2012 8:35:35 p.m.
The Crown is capitulating is what I see. Just throw the towel in and admit game over. Maaori win!
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