$370m Treaty ‘Pool’ for Hawke’s Bay
Hawke’s Bay Today
22 December, 2014
Treaty settlements totalling about $370 million will bring “a formidable addition to the capital pool” available for investment in Hawke’s Bay, says the head of one of the largest settlement groups. David Tipene-Leach, the chairman of He Toa Takitini, says his group’s vision is to become a “major investor in our regional economy” using the $100 million-plus Crown settlement it is due to begin receiving from next year.
“Crown settlement” means you – the NZ taxpayer – pays and – from bitter experience – we know that no “Crown settlement” is ever full and final, no matter that it is called as such!