Criticism ‘an insult’
Comments of a Development Finance Corporation officer about the effectiveness of Christchurch City Council spending on the Canterbury Development Corporation were questioned yesterday by the Mayor of Christchurch, Sir Hamish Hay.
Cr Helen Garrett reported to the City Council’s town-planning committee that Mr David Steele had told the recent New Zealand Planning Institute conference in Queenstown “that
the $500,000 this council invested in regional development had not been a success.” Mr Steele is the South Island manager of the D.F.C.’s venture capital arm. Cr Garrett said he had not made his views known in public before. “I wonder how much he knows about it," said Sir Hamish, who is a member of the Development Corporation board. “I think it is a gratuitous
insult,” he said. Mr Steele said yesterday that someone at the conference had asked him a question, and he had given his honest views. “I said I had not seen evidence that the Development Corporation had been a good investment to this point,” he said. “I think there is a degree of duplication.”
He said the D.F.C. was not represented on the corporation’s board.
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Press, 31 May 1985, Page 5
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189Criticism ‘an insult’ Press, 31 May 1985, Page 5
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