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 Kawerau in the Bay of Plenty. 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.