Financial and Commercial Redress

This redress recognises the economic loss suffered by Ngati Tama arising from breaches by the Crown of its Treaty obligations. It is aimed at providing Ngati Tama with resources to assist it to develop its economic and social well being. It includes

1. A total of $14.5 million in cash.

2. Right of First Refusal - Ngati Tama will also have, for a period of 50 years, a Right of First Refusal to buy, at full market value, properties in the Ngati Tama area of interest currently owned by the Crown should they be declared surplus.

3. As well, the Crown has offered Ngati Tama the Right of First Refusal to purchase the land within the Tongaporutu Recreation Reserve should the reserve status of that land ever be lifted and the land be declared surplus Crown land. Public consultation would be required to lift the reserve status of the area.

Mount Taranaki There is no specific redress proposed in the Deed of Settlement relating to the confiscation of Mount Taranaki. This matter will be addressed at a later date in the settlement process in Taranaki when all the iwi of Taranaki are in a position to negotiate on this issue. There will be no additional financial or commercial redress in relation to the mountain. Any cultural redress and apology agreed with Ngati Tama will recognise the traditional, cultural, historical and spiritual significance of Mount Taranaki to all iwi of Taranaki.