YEARS ANNIVERSARY CELEBRATION MĀORI INVESTMENTS LTD Whakanui i 5te rima 0tekau tau A formal celebration dinner held in Rotorua on 26 October 2018 marked a significant milestone for Māori Investments Limited, celebrating 50 years since its incorporation on 24 October 1968.

The celebration was attended by Board members past and present, shareholders and their whānau, employees past and present and key stakeholders. Many of these people are descendants of those who played key roles in the establishment of Māori Investments Limited, as well as those who dedicated many years to the Company.

To commemorate this milestone we present a book which provides a snapshot and an insight into the Company's vast history and achievements over the past 50 years.

Ngā mihi mahana kia koutou katoa, J W O'Brien, Chairman Duffy's farm near Maungawhakamana, Tarawera Valley Kupu whakataki INTRODUCTION

Māori Investments Limited was derived from a unique forestry project which was established in the 1960's between the Māori landowners, Tasman Pulp and Paper Company Limited (Tasman) and the Crown. The forestry project involved the three parties contributing land for a shareholding in a new company, Tarawera Forests Limited (TFL) that was formed to establish the Tarawera Forest.

While the forestry project was straight forward for Tasman and the Crown who were single entities, there were 4,500 Māori landowners in some 40 Māori land blocks and a means had to be found to treat the Māori landowners as one legal entity. Therefore in 1966, the Māori land blocks were amalgamated to one block, Tarawera No.1.

Following the amalgamation of the Māori land blocks, Māori Investments Limited was formed to administer the Māori interests in TFL. The Māori landowners would hold ordinary company shares in Maori Investments Limited in proportion to their land holding.

On 24 November 1967, the Tarawera Forest Act was enacted to provide for the incorporation of Māori Investments Limited which took place on 24 October 1968. Homestead near Homestead bridge, Tarawera Valley Ihirangi CONTENTS

1. Te kākano - Early 1960's 2. Ngā roopū whenua - Land Tenure Groupings: Tarawera Valley 3. Ngā whenua Māori - Original Māori Land Blocks 6. Hui o ngā rangatira - Meeting of Owners 8. Te poari whakahaere tuatahi - Inaugural Board of Directors 9. Ngā heamana o mua - Past Chairpersons 11. Ngā kaiwhakahaere: Mai ngā rā o mua ki nāianei - Directors: Past and Present 13. Ngā poari whakahaere - Board of Directors 18. Te tari me te mahi: Company Office 19. Ngā kaimahi: Mai ngā rā o mua ki nāianei - Employees: Past and Present 20. Te Tiriti o Waitangi - Wai 411 Claim 22. Ka hoki mai te whenua - Return of the Land 23. Pūtauaki maunga - Legend of Pūtauaki 24. Tapuwae maunga - Tūhourangi Memorial 25. Uruuru whenua - Ngāngararua 26. Te Haehaenga - Māori Reservation 27. Wātaka - Timeline: 1968 - 2018 39. Te hanganga roopū o Maori Investments - Māori Investments Group Structure 40. Whakaahua - Photo's: 2018 AGM and 50th Celebration Dinner

Te kākano EARLY 1960’s

The Tarawera Valley consisting of some 38,000 acres is situated near in the . The Valley is encompassed by three notable maunga, Pūtauaki, Maungawhakamana and Tarawera.

In the early 1930's the existing native bush had been partially cut over by Fenton's mill. Percy Fenton, a saw miller in the Bay of Plenty, acquired the cutting rights for 1500 acres of dense rimu bush at Te Haehaenga. To set up the mill Percy had to build and maintain a 17.5km stretch of road which included the strengthening of two bridges. Edwards bridge, Titoki Rd, Tarawera Valley. The Māori owned half of the land in the Valley that comprised of some forty blocks. Thirty two of the blocks were subdivisions of the original 40,000 acre Pokohu block. These blocks were of hugely different sizing and ownership, the two largest being Pokohu D (8980 acres) and Pokohu B2 (4105.7 acres).

Areas of the Valley were also utilised for farming by the Duffy and Edwards families. In the early 1960's the one dwelling that was on Māori land was on Pokohu B3B2 block and belonged to the Edwards family. The Edwards were one of the last to leave the Valley.

First planting crew, Tarawera Forest. 1 Ngā roopū whenua LAND TENURE GROUPINGS: TARAWERA VALLEY

MĀORI Land 38,095.5 acres TASMAN Land 19,350.0 acres CROWN Land 18,691.6 acres STATE FOREST

2 Ngā whenua māori ORIGINAL MĀORI LAND BLOCKS

AREA BLOCK ACRES HECTARES Pokohu A2A1 54.0 21.8538 Pokohu A2A2 108.0 43.7076 Pokohu A2A3 108.0 43.7076 Edwards Homestead Pokohu A2A4 121.1 49.0092 Pokohu A2A5 368.3 149.0510 Pokohu B1A 213.0 86.2011 Pokohu B1B 39.3 15.9047 Pokohu B1C1 433.0 175.2351 Pokohu B1C2 558.6 226.0654 Pokohu B1D1 58.7 23.7559 Pokohu B1D2 432.0 174.8304 Pokohu B1E1 314.7 127.3591 Pokohu B1E2 314.7 127.3591 Pokohu B1E3 295.1 119.4270 Pokohu B1E4 137.7 55.7272 Edwards homestead on Pokohu B3B2 looking southeast from above Pokohu A2A5.

3 Ngā whenua māori ORIGINAL MĀORI LAND BLOCKS

AREA BLOCK ACRES HECTARES Pokohu B1F1 808.9 327.3618 Pokohu B1F2 451.6 182.7625 Pokohu B2 4105.7 1625.1537 Pokohu B3A 105.7 42.7768 Pokohu B3B1 468.0 189.3996 Pokohu B3B2 139.9 56.6175 Pokohu B3B3 64.9 26.2650 Pokohu B3B4 259.7 105.1006 Pokohu B3B5 160.6 64.9948 Pokohu B3C 449.0 181.7103 Pokohu B3D 1507.7 428.0512 Pokohu C1A 2924.0 1183.3428 Pokohu C2 2451.0 991.9197 Pokohu C3 3111.3 1259.1431 Pokohu D 8980.0 3634.2060 Pokohu B3A looking northeast to Pūtauaki. Pokohu B3D foreground, Pokohu C3, C2, C1A in the middle distance.

4 Ngā whenua māori ORIGINAL MĀORI LAND BLOCKS

AREA BLOCK ACRES HECTARES Pokohu E 994.7 402.5551 Pūtauaki No.2 1615.2 653.6714 Pūtauaki South Pt.2 300.0 121.4100 Matahina A1D 1231.0 498.1857 Matahina A1D2 85.0 34.3995 Matata 592B 619.0 250.5093 Matata 59B1 1056.5 427.5655 Matata 592A1 382.0 154.5954 Matata 592A2 1175.7 475.8058 Ruawahia Pt.2 99.2 40.1462 Kawerau B 160.0 64.7520 Mtn Reserve 1 306.2 123.9191 Mtn Reserve 2 500.8 202.6738

Looking southwest from Pokohu B3D. Pokohu A1 and Ruawahia Pt.2 running up the slopes of Tarawera maunga.

5 Hui o ngā rangatira MEETING OF OWNERS

A formal meeting of Māori landowners took place on 11 December 1965 at Kokohinau Marae, Te Teko to hear the joint venture afforestation proposal. The meeting was attended by 350 Māori landowners and their prospective successors, senior officers from Treasury, Māori Affairs, Lands and Survey, NZ Forest Service and officials from Tasman Pulp and Paper.

The joint venture afforestation proposal outlined that the three parties (Māori landowners, Tasman and the Crown) form a company to develop a pine forest of 24,281 hectares on a total area of 30,776 hectares.

The meeting approved the scheme in principle, however while the proposal was straight forward for Tasman and the Crown who were single entities, there were 4,500 Māori landowners and a means had to be found to treat these owners as one legal entity. The Māori land titles were to be amalgamated to one title, Tarawera No.1, which would be transferred to Tarawera Forests Limited.

Meeting held at Kokohinau Marae, Te Teko in 1965.

6 Hui o ngā rangatira MEETING OF OWNERS

A special sitting of the Māori Land Court was then held over four days commencing on 2 August 1966 in Whakatāne to hear the Registrar’s recommendations on the amalgamation of the Māori land titles. The proposal was approved in principle on 19 August 1966 and the court authorised the Māori Trustee to negotiate the basis for making the Māori land available for afforestation. In June 1967 the Māori Trustee completed its investigation into the scheme and stated that the proposal was fair and reasonable in relation to Māori land.

Employees of TFL whom are also MIL shareholders or descendants of shareholders. L - R: Hawera Apiata, Teri Brown, Guy Duffy, Sam Ngataki, Mingi Te Rire

7 Te poari whakahaere tuatahi INAUGURAL BOARD OF DIRECTORS

On 23 March 1968 the Inaugural Board of Directors was elected. The first meeting of Directors was held on 17 December 1968, with Mrs Lanham being appointed Chairperson. The first Annual General Meeting of the Company was held on 18 April 1970, where the Directors submit their first report for the period from the date of incorporation of the Company to 31 October 1969.

During the reporting period the Company did not engage in any trading and did not receive any revenue except from its Photo L - R: Mr Rupuha Wihapi, Mr Rewi Wi Hare, Mr Brendon Neutze investment in Tarawera Forests Limited. (Secretary), Mrs Monica Lanham (Chairperson), Mr Lancaster Grace, Mrs Ani Hunt, Mr Tanira Fraser, Mr Richard Park With the formation of Māori Investments Limited, Mrs Lanham and Mr Grace were appointed to replace two retiring Directors on the Board of Tarawera Forests Limited.

8 Ngā heamana o mua PAST CHAIRPERSONS

LANHAM PARK SAVAGE Monica Cecilia Richard Te Matau William Shuki 1968 - 1978 1978 - 1989 1989 - 1997

Mrs Lanham, was a foundation Director Mr Park, also a foundation Director Mr Savage was involved with the and the foundation Chairperson of the of the Company, and only its second Company in either a formal or informal Company. Mrs Lanham represented Chairman, replacing the late Mrs way since it’s beginnings in 1967. In her peoples’ interests in the ever Lanham in 1978, retired from his roll May 1993 under his signature and that complex commercial world. Her as Chairman on 9 December 1989. Mr of fellow Director Mr Gavin Park a claim expertise in Māori genealogies and land Park dedicated more than 20 years (Wai 411) was lodged with the Waitangi tenure matters was of great assistance as a Director including 13 years as Tribunal. to the success of the Tarawera Scheme. Chairman. With his strong interest in locating On her passing on 6 March 1978, her During his time in office he saw the “unknown shareholders”, Mr Savage fellow Directors recorded that her wise forest establishment go full circle to was appointed a one year contract by counsel and intimate knowledge of the stage where large scale harvesting the Board in September 1997 to locate Māori land law would be greatly missed got underway and the first returns to unknown shareholders. in the affairs of the Company. shareholders was received.

9 Ngā heamana o mua PAST CHAIRPERSONS

ADLAM VERCOE HUNIA Rae Beverley Tamaoho Waaka Tiaki Blake 1998 - 2007 2008 - 2013 2013 - 2017

During Ms Adlams time in office Mr Vercoe, a man of wisdom and Tiaki served 10 years as a Director, including nine years as Chairperson, well known for his sharp wit and including 3 years as Chairman in which two major significant events were calm demeanour served five years two major events occurred. This achieved on long standing grievances as Chairman, before announcing his was the reduction in height of the with regard to the alienation of land, retirement from office in December Kordia tower and the removal of the Tarawera Valley and Pūtauaki maunga. 2013. Transpower tower from the summit of Pūtauaki maunga. This was a positive In 2004 the Company achieved the Mr Vercoe was no stranger to the step in the recognition of the cultural resumption of Māori ownership of Tarawera Valley having spent his early and spiritual significance the maunga 100% of the land (Tarawera Valley) years at Te Haehaenga (Fenton's Mill) has in the hearts of shareholders. from its former owner, Tarawera where he started school in 1947. Forests Limited. A particularly proud moment of his A highlight of his time in office was time in office since his appointment to The second milestone was obtaining the setting aside of the birthplace of the Board in 2013 was the reduction in under separate title, Pūtauaki maunga. Tūhourangi as a Māori reservation. unclaimed monies from $14m to $8.2m.

10 Ngā kaiwhakahaere: mai ngā rā o mua ki nāianei DIRECTORS: PAST AND PRESENT

HUNT Ani Ngahoari PARK Clement D’estouville TE RIRE Albert 24 October 1968 - 17 April 1971 17 April 1971 - 28 April 1979 25 August 1979 - 7 January 1985

WIHAPI Rupuha BENNETT Jackson KINGI Romana Tautari 24 October 1968 - 17 April 1971 22 April 1972 - 31 December 1976 *19 April 1980 - 23 August 1980 23 August 1980 - 2003 FRASER Tanira Gladding MARR Josephine Astbury 24 October 1968 - 22 April 1972 16 August 1975 - 8 December 1990 CAMERON Te Rauotehuia 22 August 1981 - 2005 WI HARE Rewi BRADY Jack Te Aramoana 24 October 1968 - 16 August 1975 *19 February 1977 - 20 August 1977 SIMS Merepeka Raukawa 20 August 1977 - 25 August 1979 8 October 1983 - 8 November 1986 LANHAM Monica Cecilia *19 April 1980 - 23 August 1980 24 October 1968 - 6 March 1978 CAMERON Keith Ivan 23 August 1980 - 8 October 1983 2 November 1985 - 14 December 1991 GRACE Lancaster Rangitukehu HOWELL Phillip Ngahau 24 October 1968 - 22 August 1981 ADLAM Rae Beverley 19 August 1978 - April 1980 *7 January 1985 - 2 November 1985 PARK Richard Te Matau NOWLAND John Edward 8 November 1986 - 24 November 2007 24 October 1968 - 9 December 1989 19 August 1978 - April 1980 PARK Gavin Motai BENNETT Albert Te Auheke SAVAGE William 9 December 1989 - 24 November 2007 17 April 1971 - 7 August 1978 25 August 1979 - 19 January 1999

* Appointed by the Board to fill a casual vacancy. Casual vacancies expire at the AGM the year they are appointed. 11 Ngā kaiwhakahaere: mai ngā rā o mua ki nāianei DIRECTORS: PAST AND PRESENT

WARBRICK Michael James HUNIA Tiaki Blake MITCHELL John 8 December 1990 - August 1996 24 November 2007 - 25 July 2017 Share Registrar 25 August 1984 - 1 February 1993 WETINI Peggy Rangireremoana VERCOE Rihi Forestry Advisor 14 December 1991 - 2000 1 December 2012 - Current 25 August 1984 - 2000

PACEY Huia Ann O’BRIEN John Wayne CASS Thomas 16 November 1996 - 11 December 1999 7 December 2013 - Current Secretary ELLIOTT Charles Ohaki WILSON Alexander James 1 January 1989 - 5 December 1992 11 December 1999 - Current *October 2017 - 24 November 2017 Secretary/Corporate Manager *24 January 2018 - 26 October 2018 February 1993 - 2000 PARK Ricardus Dean 2000 - 1 December 2012 ASSOCIATE DIRECTORS EXECUTIVES

TE RIRE Graham Kahu NEUTZE Brendon WILSON Alexander James 2000 - Current January 2017 - October 2017 Secretary CHAPMAN-DE VOS Te Rauotehuia 24 October 1968 - 31 December 1988 24 November 2017 - 24 January 2018

2005 - Current COATES Natalie Ramarihia Accountants VERCOE Tamaoho Waaka D Chard 1975, A Barnes 1976 - 1978, January 2017 - 26 October 2018 24 November 2007 - 7 December 2013 M Harris 1979 - 1988, NM Anderson 1989 - 1992

* Appointed by the Board to fill a casual vacancy. Casual vacancies expire at the AGM the year they are appointed. 12 Ngā poari whakahaere BOARD OF DIRECTORS

1979 - 1980 1980 - 1981 1983 - 1984

Back row: Mr JT Brady, Mr JE Nowland. Front Back row: Mr W Savage, Mr AJ Te Rire, Mrs Back row: Mr RT Kingi, Mrs MR Sims, row: Mrs JA Marr, Mr BW Neutze (Secretary), JA Marr, Mr JT Brady, Mr J Mitchell (Share Mr M Harris (Accountant), Mr J Mitchell Mr R T Park (Chairman), Mr LR Grace (Deputy Registrar). Front row: Mr BW Neutze (Secretary), (Forestry Advisor), Mr W Savage. Chairman). Inset: Mr PN Howell. Mr RT Park (Chairman), Mr LR Grace (Deputy Front row: Mrs JA Marr, Mr BW Neutze Chairman). Inset: Mr RT Kingi. (Secretary), Mr RT Park (Chairman), Mrs Te R Cameron.

13 Ngā poari whakahaere BOARD OF DIRECTORS

1988 1992 1996

Back row: Mr RT Kingi, Mr KI Cameron, Back row: Mr W Savage (Chairman), Mr Back row: Mr J Mitchell (Forestry Advisor), Mr GM Park, Mr BW Neutze (Secretary), Mr J Mitchell T Cass (Secretary), Rev RT Kingi, Mr MJR Mr T Cass (Secretary), Rev RT Kingi. Front row: Mrs Te R (Share Registrar), Mr W Savage. Front Warbrick. Front row: Ms RB Adlam, Mrs Te Cameron, Mr W Savage (Chairman), Ms RB Adlam, Ms PR row: Mrs JA Marr, Ms RB Adlam, Mr RT R Cameron, Ms PR Wetini. Absent Mr GM Wetini. Absent: Mr WJR Warbrick. Park (Chairman), Mrs Te R Cameron. Park, Mr J Mitchell (Share Registrar).

14 Ngā poari whakahaere BOARD OF DIRECTORS

1998 2000 2002

Left to right: Ms PR Wetini, Mr J Mitchell Left to right: Ms PR Wetini, Mr J Mitchell Back row: Mr RD Park, Mr CO Elliott, (Forestry Advisor), Rev RT Kingi, (Forestry Advisor), Mrs Te R Cameron, Mr GK Te Rire. Front row: Rev RT Kingi, Mr Ms HA Pacey Mr T Cass (Corporate Mr GM Park, Mr CO Elliott, Mr T Cass T Cass (CEO), Ms RB Adlam (Chairperson), Manager), Mrs Te R Cameron, Mr GM Park, (Corporate Manager), Ms RB Adlam Mr GM Park, Mrs Te R Cameron. Mr W Savage, Ms RB Adlam (Chairperson). (Chairperson). Absent Rev RT Kingi.

15 Ngā poari whakahaere BOARD OF DIRECTORS

2005 2006 2008 - 2010

Left to right: Mr GM Park, Mr GK Te Rire, Left to right: Mr GM Park, Mr T Cass (CEO), Left to right: Mr GK Te Rire, Mr RD Park, Ms RB Adlam (Chairperson), Mr T Cass Mr GK Te Rire, Mr RD Park, Ms RB Adlam Ms Te R Chapman, Mr CO Elliott (Deputy (CEO), Mr CO Elliott. Absent: Mr RD Park, (Chairperson), Mr K Smith (Staff), Chairman), Mr TW Vercoe (Chairman), Mrs Te R Cameron. Ms C Peita (Staff), Mr D Rowand (Staff). Mr TB Hunia. Absent: Ms Te R Chapman, Mr CO Elliott.

16 Ngā poari whakahaere BOARD OF DIRECTORS

2015 - 2016 2017 - 2018

Left to right: Mr TB Hunia (Chairman) Ms R Vercoe, Mr CO Left to right: Mr GK Te Rire, Ms NR Coates Elliott (Deputy Chairman), Mrs Te R Chapman-de Vos, Mr (Associate Director), Mr JW O’Brien JW O’Brien, Mr GK Te Rire. (Chairman), Mr CO Elliott (Deputy Chairman), Ms R Vercoe, Mr AJ Wilson. Absent: Mrs Te R Chapman-de Vos.

17 Te tari me te mahi COMPANY OFFICE

In February 1993, MIL opened its office in the KEA building, Kawerau with Thomas Cass as full time share registrar, secretary, accountant and corporate manager with a part time clerical assistant, Phyllis Savage.

In 1995 a decision was made by the Company to relocate its office to Jellicoe Court, Kawerau. With the appointment of a full time assistant to the secretary work space was inadequate and staff required a sufficient area to assist shareholders.

In 2006, after the acquisition of the land in the Tarawera Valley and Pūtauaki maunga, MIL relocated its office to its current location, the old Forestry Headquarters building situated at Waterhouse Street Extension, Kawerau, where the building was renamed Māori Investments House.

FACT: The Forestry Headquarters building was officially opened on 9 November 1982. This building was one of a few buildings that was unaffected by the devastating Edgecumbe earthquake that occurred in March 1987.

18 Ngā kaimahi: mai ngā rā o mua ki nāianei EMPLOYEES: PAST AND PRESENT

Thomas (Tom) Cass was no stranger to Māori Investments Limited. In January 1989, Tom, Deputy Manager of the NZ Guardian Trusts Rotorua branch was appointed by the Trust to serve as MIL’s Secretary, a position he CASS Thomas would uphold for three years before undertaking a full time position with MIL Chief Executive in 1993. The resignation of Tom in 2008 would see the appointment of Karl 2001 - 2008 Smith to the position of Chief Executive followed by Kiriwaitingi Rei in 2013.

CASS Thomas SMITH Karl REI Kiriwaitingi SMITH Karl 1993 - 2008 2006 - 2012 2013 - Present Chief Executive 2009 - 2012 SAVAGE Phyllis SANDLE Teiria ION Carolyn 1993 - 2006 2008 - 2011 2017 - Present

GAGE Hinemania RANGIHIKA Maureen TEMO Waimātao 1999 - 2006 2008 - 2018 2018 - Present REI Kiriwaitingi ROWLAND Duncan SIMPSON Daryll POWELL Christine Chief Executive 2013 - Present 2006 - 2008 2009 - Present 2018 - Present

PEITA Charlene KAREKARE Kimiwai 2006 - 2008 2010 - Present

19 Te tiriti o waitangi WAI 411 CLAIM

In June 1993 (and registered in January 1994 as Wai 411) a claim was filed with the Waitangi Tribunal relating to the development, finalisation, and implementation in the 1960's of the Tarawera Forest joint venture scheme, a tripartite forestry scheme involving Tasman Pulp and Paper Company Limited, the Crown and several thousand Māori landowners.

The original claimants were William Shuki Savage and Gavin Motai Park who claimed on behalf of themselves and two groups of Māori: the former owners of the land known as Tarawera No.1 block, including Pūtauaki maunga, and their heirs and descendants; and the shareholders and debenture stockholders of MIL. In May 2000, with the passing of Mr Savage in early 1999, the claim was amended so that Beverley Adlam could replace him as the first-named claimant.

The Wai 411 claim asserts that the Crown secured the involvement of the Māori participants in the joint venture by means that breached Treaty principles and caused them prejudice including: • the loss of more than 38,000 acres of land from Māori ownership, including Pūtauaki maunga; and • the loss of financial benefits that should have been obtained from the joint venture by the Māori participants, but were not.

The joint venture involved the transfer of land owned by the Crown, Tasman Pulp and Paper Company Limited and the Māori participants to the joint venture in return for a shareholding in Tarawera Forests Limited (TFL). The Māori participants obtained a 10.8% shareholding in TFL in return for contributing their land to the joint venture. The claimants argued that the Māori participants would have much rather preferred to lease the land than lose it, and that a lease could have been achieved had the Crown acted consistently with Treaty principles such as the duty to actively protect the Māori participants interests.

20 Te tiriti o waitangi WAI 411 CLAIM

The claimants allege that the Crown put its own interests ahead of the interest of the Māori participants and secured their involvement in the joint venture by unfair tactics; the effect of which the Māori did not sufficiently understand nor consent to the terms of the joint venture. Further, the joint venture had not given the Māori the returns that had been promised, let alone the returns they would have obtained if the joint venture had been negotiated fairly.

The Tribunal found that the process followed in establishing the joint venture was inconsistent with Treaty principles. However, the Tribunal also found that the Crown was not motivated by bad faith in that process. The Tribunal was satisfied that the claimants had been prejudiced by the loss of ownership to the land, and that the financial returns to MIL from the joint venture did not offset that loss.

Since the release of the Waitangi Tribunal Report in 2003, no significant steps have been taken to settle the Wai 411 claim. However, since that time there have been a number of Treaty settlements that relate to the Wai 411 claim area, and the ownership structure of the joint venture has changed.

In order for MIL to advance negotiations with the Minister for Treaty of Waitangi negotiations to settle the Wai 411 claim, MIL was required to show that (among other things): It had mandate to negotiate the settlement; and Wai 411 should be settled as a discrete claim.

In early December 2016, at MIL's Annual General Meeting shareholders passed a resolution to re-confirm the mandate of MIL to negotiate with the Crown to settle the Wai 411 claim.

21 Ka hoki mai te whenua Return of the Land

Whilst formal meetings were had to hear the afforestation proposal it was unbeknown to the Māori that Pūtauaki maunga was to be included in the amalgamation of land that was transferred to TFL. This unsettled many of the Māori and their descendants who fought for a number of years for the return of Pūtauaki maunga to Māori ownership.

In 2000, the Board of MIL entered into negotiations with TFL for ownership of Pūtauaki maunga to be vested in MIL. Negotiations for the separation and gifting of Pūtauaki maunga was successful and was completed in 2003.

The year 2003 would also see the sale of Fletcher Challenge Forests' forest interest, including its major shareholding in TFL. MIL took this as a window of opportunity to resume ownership of the land in the Tarawera Valley. As this would be a major transaction for MIL, any position they would negotiate would be subject to shareholders approval.

During 2004, after successful negotiations, MIL achieved a major milestone and gained the resumption of the land in the Tarawera Valley to 100% Māori ownership from its former owner TFL.

With the resumption of the land presenting new opportunities for MIL to consider land use options, MIL established a new subsidiary company, Tarawera Land Company, wholly owned by MIL to separate the commercial interests (acquisition of the land), and the vesting of Pūtauaki maunga to a Charitable Trust, Ngā Maunga Kaitiaki Trust to protect the cultural and conservation interests of Pūtauaki. A separate management strategy would be setup for Pūtauaki to allow for the revegetation of indigenous forest on the maunga.

22 Pūtauaki maunga LEGEND OF PŪTAUAKI

Legend has it that Pūtauaki and Tarawera lived at Kō Pūtauaki on the eastern Tarawera ranges. They had a son Whatuira. As years went by Tarawera became increasingly moody and irritable. Pūtauaki became frustrated with her moods and looked to the sea where he saw Whakaari. The two would call to each other at night while Tarawera slept.

One night Pūtauaki could not contain himself any longer and decided to move to be with Whakaari. During his move he heard a whimper and turned to find his son. He told Whatuira to return to his mother but the little mountain Pūtauaki and Tarawera in the background. would not. Before Pūtauaki could reach Whakaari, the sun began to rise and the two mountains were frozen. “It is said that a mountain can only move Tarawera awoke to find her husband and son gone. once in its lifetime, and only at night”. Distraught, her tears filled the hollow where Pūtauaki once stood () and flowed down the Valley formed by her fleeing husband (). To this day Tarawera still cries and Whakaari still calls out for her lover, who remains frozen to the spot near Kawerau.

23 Tapuwae maunga TŪHOURANGI MEMORIAL

It is said that a heavily pregnant Papawharanui and her husband Rangitihi were being pursued by a war party from the Tini o Kawerau area.

To give Papawharanui a chance of a safe escape, Rangitihi decided to be a decoy and lead their pursuers away from her.

To improve her chances she decided to have her baby quickly. To aid in the quick birth she lent on a nearby rock at Otaamaka on the slopes of Marangaranga to apply pressure to her puku.

Tūhourangi was born. Papawharanui carried her baby with the umbilical cord still attached to pōtiki-ana-tapu (an HE WHAKAMAHARATANGA KI TE WHANAUTANGA O TUHOURANGI opening in the rock) where a branch protruded. Using the branch she severed the umbilical cord, placed the whenua IN MEMORY OF THE BIRTHPLACE OF TUHOURANGI (placenta) inside the opening, leaving the umbilical cord For centuries this rock has been revered as the birthplace of Tuhourangi, Paramount Chief of Te Arawa tribe. tied to the branch as a sign for Rangitihi. Papawharanui then cleansed herself in the waters of Otuhangu (Buddles Creek). A son of Rangitihi, he was a sixth generation descendant of Tama Te Kapua, captain and navigator of the Te Arawa canoe which had its landfall at Maketu about the year 1350 A.D. Local hapu within the area are known as Ngai Tamawera of Tūhourangi. The site is regarded as uruuru whenua - a place where passers by deposit small offerings of grass, fern or twigs, in order that Rev Graham Kahu Te Rire they might enjoy a safe journey. Director of Māori Investments Limited

24 Uruuru whenua NGĀNGARARUA

A ngāngara (lizard) lived in the Te Haehaenga area by the Tarawera Falls. Ngāngara was causing havoc with the people of the area and Tūhourangi decided to confront the ngāngara. To his amazement it was a ngāngararua (two-headed lizard). They fought at Onepoto and Tūhourangi overpowered the ngāngararua and destroyed it.

Marangaranga te puke tapu Otuhangu te wai Tūhourangi te tangata Te Arawa te waka

Tarawera Falls is one of the most frequently visited sites in the Tarawera Forest. Rev Graham Kahu Te Rire Director of Māori Investments Limited

25 Te haehaenga MĀORI RESERVATION

Te Haehaenga is a well-known site of cultural significance to the tangata whenua in the Tarawera Valley. The block also contains a historic quarantine settlement for people of high rank that were afflicted with leprosy. It was also known for being an area where kai was grown and rakau taken for building waka.

26 Wātaka TIMELINE: 1968

1968

23 March Inaugural Board of MIL elected. Seven (7) Directors were duly elected.

July MIL's first share register was prepared.

24 October MIL was incorporated.

17 December Marks the first inaugural meeting of Directors whereby Mrs Lanham was appointed Chairperson. Mrs Lanham along with Mr Grace were also appointed to represent MIL on the Board of TFL.

First planting of a tree by the new Board, Tarawera Forests Limited. Left to right: Eric Manktelow, John Mitchell, Max McKee, John Ure, Walter Badhams, John McDonald, Brendon Neutze, Monica Lanham.

27 Wātaka TIMELINE: 1982 - 1984

1982

23 January MIL establishes the Guardians of Pūtauaki sub-committee comprising of Directors Te Rauotehuia Cameron, Arapeta Te Rire and Richard Park. Its primary purpose was to protect and manage Pūtauaki and to preserve its historical and spiritual values.

1984

20 September A tree planting ceremony marked the completion of planting in the Tarawera Forest. A highlight of the ceremony was the planting of a tree by Mrs Olive Marr and five year old Spencer Adlam,mokopuna tuarua of the late Monica Lanham, to represent the passing of the forest from the old people to the younger generation. Mrs Olive Marr and Spencer Adlam plant a seedling at the tree planting ceremony.

28 Wātaka TIMELINE: 1989 - 1993

Phyllis Savage discusses a shareholder query with Rev. Romana Kingi conducts the opening ceremony for the new office Tom Cass. in the KEA building accompanied by former and current Directors.

1989 1992 1993

MIL shareholders receive their A company logo is designed MIL opens its first office in the first dividend of $2.20 per for MIL. The logo features the Kawerau Enterprise Agency share plus interest on three notable maunga (KEA) building located in debenture stock of 0.38 per (Pūtauaki, Maungawhakamana Kawerau. debenture. and Tarawera) that encompass the land within the Tarawera Valley.

29 Wātaka TIMELINE: 1994 - 2003

1994 2000

Marks the year MIL became totally MIL enters into negotiations with responsible for all its accounting TFL for ownership of Pūtauaki and share register facilities. maunga to be vested in MIL.

1997 June Waitangi Tribunal hearings are heard at two sittings in June and MIL introduces a ten (10) share September. minimum shareholding to avoid shareholdings becoming 2003 uneconomic. Negotiations with TFL around 20 June MIL re-registered under the the separation and gifting of Companies Act 1993. Pūtauaki maunga are completed.

1998 The sale of Fletcher Challenge Forests' forest interests provides a Mr William Savage resigns from window of opportunity for MIL to Chairman to pursue a one year resume ownership of the land in the contract to locate MIL's unknown Tarawera Valley. shareholders.

30 Wātaka TIMELINE: 2004 - 2006

2004 Aerial view of Pūtauaki and Tarawera Forest MIL achieves resumption of the land in the Tarawera Valley to 100% Māori ownership from its former owner TFL. To develop and manage the land, MIL establishes a subsidiary company, Tarawera Land Company.

The Forestry right is purchased by Tiaki Plantations Limited. 2005 11 October With the separation and gifting of Pūtauaki maunga, MIL establishes a 7 February Trustees sign off on the Trust Deed charitable trust, Mt Pūtauaki Charitable for the Mt Pūtauaki Charitable Trust of which Pūtauaki is transferred Trust. to.

4 December A dawn ceremony was held at the 2006

summit of Pūtauaki to celebrate the MIL offices are relocated to the old resumption of Pūtauaki to Māori Forestry Headquarters building ownership. and renamed Māori Investments House.

31 Wātaka TIMELINE: 2007 - 2009

2007

By Deed of Variation Mt Pūtauaki Charitable Trust is changed to Ngā Maunga Kaitiaki Charitable Trust. The intention of the name change was to one day incorporate other maunga in the Tarawera Valley to the trust.

2009

A second rotation partnership (forestry right) with Kaingaroa Timberlands is finalised. This rotation follows on from the Crater lake near the summit of Pūtauaki. first otationr with Tiaki Plantations Limited.

The Board approves a second contract to Ngāti Awa Research and Archives to locate unknown shareholders.

32 Wātaka TIMELINE: 2009 - 2010

2009

Tūhourangi Memorial is a prominent feature in the Tarawera Valley which marks the birthplace of Tūhourangi.

In 2009, MIL and TLC filed an application to create a Māori reservation containing the historical rock where the birth of Tūhourangi took place.

2010

Tūhourangi Memorial is transferred to a Māori reservation, Tapuwae Maunga with ownership now held with MIL. A dawn ceremony was held to Photo taken at Tuhourangi Memorial around the early 1970's. commemorate this occasion and was Back row: Harry Semmens, Olive Rangimotumotu Marr, Manaia Ngamotu, Pareake Eruera, attended by many shareholders and Mutu Rikihana, Front row: Anaru Rangiheuea, William Awatapu Marr, Phillip Ngahau o descendants of Tūhourangi. Hawaiki Howell.

33 Wātaka TIMELINE: 2012 - 2014

2012

30 June 9,764 shares belonging to 539 missing shareholders are cancelled and repurchased by MIL.

1 December Changes to MIL's constitution are approved by shareholders. 2014

An agreement between TLC and Timberlands is signed to jointly manage the native reserves in the Tarawera Forest. Competitors competing in the annual 6 Hour Adventure Race. Tarawera Forest is an area used for parts of the race. 26 March MIL partially dissolves TLC and amends its The bluff in the background is an area of cultural significance constitution to allow for a minimum of two (2) known as Te Takinga ā Apa. Directors.

23 September Ngā Maunga Kaitiaki Trust incorporated as a Charitable Trust Board.

October Te Haehaenga which resides in the Tarawera Valley under TLC is transferred to a Maori reservation.

34 Wātaka TIMELINE: 2014

2014

Pūtauaki maunga was a hive of activity over the spring and summer months. The Biodiversity Management Plan work programme on the eradication of wilding pines commenced in late 2013 and was completed by mid 2014 where 5.2 hectares was harvested on Haulage Road, Pūtauaki maunga.

Following harvest operations, Ngā Maunga Kaitiaki Trust held a Community Planting Day in August 2014, where the Trust invited local schools, Kawerau District Council, and the management of Pūtauaki Trust and Ngāti Tuwharetoa (BOP) Settlement Trust to participate in the event where approximately 4,000 native seedlings were planted.

Top left: Students from Tarawera High School. Bottom left: Rangiaho Hoskins from Te Whata Tau o Pūtauaki Kura.

35 Wātaka

Transpower tower on the summit of Pūtauaki TIMELINE: 2016 before its removal in late 2017.

In 2012, a hearing in the High Court took place for the removal of the towers on the summit of Pūtauaki. As Kordia was protected under the Telecommunications Act, Kordia had a statutory right to access their facility by virtue of the Act. In November 2012, Kordia and the Trust settled on an agreement in which their tower be reduced by two thirds with the remaining third to be painted a recessive colour to blend in with its surroundings and the environment.

2016

December The second and final height reduction from 42m to 24m (2013: first reduction from 61m to 42m) of the Kordia tower was completed.

The MIL Board initiates an Associate Director programme which commences in January 2017. Successful applicants appointed for the first term of up to two (2) years were Ms Natalie Coates and Mr Alex Wilson.

36 Wātaka TIMELINE: 2017

2017

April MIL acquires a 6.9 ha nashi orchard located at Galatea Road, Māpou, Te Teko.

25 May MIL establishes MIL Agribusiness Limited, and in August changed the name to MIL Ahu Whenua Limited. Also in August, MIL establishes MIL Agribusiness Limited Partnership.

During the year MIL transferred the nashi orchard to the Limited Partnership. Orchard workers under the kiwifruit canopy. October Decommissioning and removal of Back: Charles Thornton, Corrina Taylor, Rex Anderson (Orchard Manager) Hiwa Pakeha, Josephine Peri, Rana Paul, Piurangi Ngaheu, Stephen Transpower's tower and associated August. building from the summit of Pūtauaki maunga is completed.

November Acquisition of a 6.87 canopy hectare G3 gold kiwifruit orchard which is located on the neighbouring property of the nashi orchard.

37 Wātaka TIMELINE: 2017 - 2018

2017

December MIL was part of a collective of Māori entities looking at the feasibility of a geothermal powered dairy factory. In December, Kawerau Dairy was formalised with MIL investing $5m into the Kawerau Dairy Limited Partnership.

2018

May MIL enters into negotiations with Hancock Forest Management Limited to gain the rights to issue permits for recreational Lake Tarawera is another frequently visited area in the Tarawera Forest. purposes in the Tarawera Forest. An access permit into the Tarawera Forest is required to visit the lake. Negotiations were successful with MIL operating the permit system for cultural and recreational purposes from August.

July MIL approves a $1m investment into the building of a gondola on Ruapehu operated by Ruapehu Alpine Limited.

38 Te hanganga roopū o maori investments MĀORI INVESTMENTS GROUP STRUCTURE

MĀORI INVESTMENTS LIMITED MĀORI INVESTMENTS LIMITED

NGĀ NGĀ TARAWERA TARAWERA MIL AHU MAUNGA MAUNGA MIL HORT LAND LAND WHENUA KAITIAKI KAITIAKI LIMITED COMPANY COMPANY LIMITED TRUST TRUST

From 2004 to 2017, MIL's structure MIL MIL consisted of one subsidiary company, AGRIBUSINESS BLUEBERRIES Tarawera Land Company and the Trust, LIMITED LIMITED Ngā Maunga Kaitiaki Trust (structure PARTNERSHIP PARTNERSHIP above). With the acquisition of the nashi orchard, gold kiwifruit orchard and Blueberry Corner (November 2018), WHIRITOA ORCHARDS BLUEBERRY MIL established a further two subsidiary Nashi and Gold Kiwifruit CORNER companies and two limited partnerships (structure right).

39 Hui ā tau MĀORI INVESTMENTS AGM 2018

40 Pō whakanui i te rima tekau tau 50TH CELEBRATION DINNER

41 Pō whakanui i te rima tekau tau 50TH CELEBRATION DINNER

42 Pō whakanui i te rima tekau tau 50TH CELEBRATION DINNER

43 Pō whakanui i te rima tekau tau 50TH CELEBRATION DINNER

44 Pō whakanui i te rima tekau tau 50TH CELEBRATION DINNER

45 Pō whakanui i te rima tekau tau 50TH CELEBRATION DINNER

46 References The information to prepare and complete this book has been sourced from documents and reports held by Māori Investments Limited. These include:

• Annual Reports • Newsletters • Board Minutes • The Story of Tarawera Forest • The Tarawera Forest Report: Waitangi Tribunal Report 2003

Māori Investments Limited, Māori Investments House Waterhouse Street Extension, PO Box 229 Kawerau 3169 0800 645 123 / 07 323 8146 / [email protected] www.maoriinvestments.co.nz