“East Coast iwi weighs up $110m cash offer
East Coast iwi Ngati Porou has been offered one of the biggest Treaty of Waitangi settlement packages, comprising $110 million in cash plus assets including forestry, carbon credits, 5869ha of conservation reserves and parks and the option to purchase schools and police stations.
The settlement comprises five elements – reconciliation, land and resources, culture, an accord between the Crown and Ngati Porou, and further financial and commercial redress.
Reconciliation includes an apology from the Crown, and a cash payment of $20 million “towards all of Ngati Porou’s historical, cultural and social redress aspirations”. ”