Sections of the Maori International prospectus are outlined for Tu Tangata readers. The prospectus is expected to be released this month.

Tu Tangata, Issue 18, 1 June 1984, Page 4

Sections of the Maori International prospectus are outlined for Tu Tangata readers. The prospectus is expected to be released this month.

Taringa whakarongo, whakarongo Whakarongo kite tangi ate manu nei tui, tui, tuituia

he Tara wainuku he tara wairangi

he puninga teina, tuakana he manutanga waka nui

he terenga kite whai ao, kite ao marama, Tiheei! Mauriora.

Ki nga iwi, ki nga hapu maha, ki nga mana, ki nga reo, kite iti mete rahi, ki nga matawaka katoa, tena koutou, tena koutou katoa.

Ka pau 150 tau i kimi ai, i rapu ai, i hahau ai te iwi maori i te ora, ahakoa nga whaka mokaitanga; na roto i te kaha, i te whakamomori mete manawanui, ka maanu ko te waka Maori International. Ka piki ngai taua ki runga kite hoe. Ko te rite kia rite kia u tika ki uta.

Katahi pea ka ea nga wawata, ka mutu te pinono o te maori ki nga mana o Tauiwi.

E huia mai ana nga whakahaere tikanga a Tauiwi ki nga puna waiora o te iwi maori, hei koha kupu ki nga tupuna, hei taongo ma nga morehu, hei putea oranga mo nga whakatupuranga. No reira ra tautokotia te kaupapa. "He rangi ka whia, he huruhuru ka rere te manu.” Kia ora mai ano,

Na ta koutou mokai iti nei Sir James Henare

Te Kaupapa Philosophy

Maori International Limited expects to succeed not only because of its business acumen and efficiency but also because it will with integrity, respect the cultrual pride and expectations of all New Zealanders. It is the custom of the maori that individual members of their communities work in the best interests of their 'whanau' or their 'iwi' (tribe). 'Whanau' is the maori word for the extended family and is used extensively throughout the South Pacific. This philosophy of a 'shared heritage' is the very life blood of maori culture. It has enabled the maori people to emerge from the last 1 50 years of change and turbulence with pride, style, energy and determination. It now gives them the confidence to initiate Maori International Limited.

Maori International Limited recognises the deep sense of commitment that its maori shareholders will have to their culture, their land, their people and their country New Zealand. Maori International Limited is also aware that it must accommodate the individual investment needs of both the maori people and other New Zealanders. Maori International Limited is confident that its unique shareholding structure will result in a combination of good business practice, cultural traits and other characteristics which will give it a distinct advantage as it interacts with different segments of New Zealand's industrial community and with the various maori groups who have resources to contribute.

Maori Land

Prospective maori shareholders will be particularly concerned about how Maori International Limited intends to operate where maori land is to be involved in any commercial enterprise. The Directors believe that the company has a commitment, 'an obligation forever to our ancestors, to the living and to our mokopuna' (grandchildren). Accordingly, Maori International Limited will not be permitted to purchase or own maori freehold land.

Contractural Arrangements

Maori International Limited may act in a number of capacities in any project in which it becomes involved:

as advisor as manager as developer as investor as partner as financier

It its simplest form the relationship between individual enterprises based on maori land and Maori International Limited will be one of advisor/consultant/trainer/manager/developer. Under such arrangements the company will charge an agreed fee or other appropriate remuneration for its services.

The more complex ventures of tourism, forestry and farming require a special legal relationship to be established in order to give maori land and its owners maximum protection. This legal relation-

ship may take the form of a company, partnership (special or otherwise), trust or joint venture.

The unincorporated joint venture is particularly well suited to meet the unique requirements of Maori International Limited and the owners of maori land.

An unincorporated joint venture closely resembles a partnership. However, rather than entering into a partnership agreement, which would involve the pooling of assets, the parties simply contract among themselves but retain ownership of their separate resources.

The individual participants, the maori land owners, will thus retain the title of their land while gaining the benefits of the contributions of Maori International Limited such as management expertise, finance and marketing. The legal rights and responsibilities are detailed in the Joint Venture agreements to suit the requirements of the particular project.

In some circumstances Maori International Limited may be involved simply as financier, either providing money itself or arranging finance from other sources, or guaranteeing such outside loans.

Maori International Limited will ensure that in every case the best possible structure is developed in order that each project is properly financed, viable and recognises the interests of the maori land owners.

Investment Strategy

Maori International Limited has both short and long term objectives. It recognises that in order to embark on long term, capital intensive developments it must first generate revenue in the short term. These funds will then be channelled into feasibility studies, development plans and later the projects themselves. In order to achieve the company's objectives, its investment strategy will be directed towards the following:

1. The Maori Tourism Plan. 2. The development, manufacture and marketing of hand-crafted products. 3. Land products including forestry, forest farming, horticulture.

The 'Maori Tourism' Plan

Maori International Limited intends to gain a major place in the New Zealand Tourist industry through its 'Maori Tourism Plan'. The maori people have the talents and, in many cases, the strategic natural resources which, in the fast growing tourist industry, hold certain promise for investment.

Two major thrusts are planned:-

(1) Marae Visits to promote and manage with maori organisations visits into maori tribal life.

(2) Resorts to work with maori land owners and other commercial operators to develop major maori tourist resorts.

Maori International Limited believes ''Maori Tourism' can be a real winner for New Zealand's tourist industry. The potential exists for a distinctive commercial travel operation that embraces maoridom in a way that is in keeping with the best in maori culture. The 'Maori Tourism Plan' will bring together many diverse maori resources, including marae protocol, arts and crafts, the spirit of aroha, maori cuisine, architecture, entertainment, maori leadership and the young maori seeking careers. These resources are at present either under utilised, or not organised for the tourist industry.

Visits to a Marae

There are several hundred maraes in rural and urban New Zealand. The marae is a very sacred place which offers visitors an opportunity to experience customs of pre-European life in New Zealand, while at the same time meeting the present day maori people.

Most maraes have attractive and distinctive 'Meeting houses' with carvings and other forms of artwork and, consistent with the maori tradition of fine hospitality, each marae has dining facilities available for visitors.

Many tribal authorities have expressed an eagerness to involve their maraes and people in the development of a programme that will bring visitors into their tribal world of maori life. The 'visit to a marae' programme will enable many resources now available in maoridom to be utilised and so provide a special contribution to the N.Z. Tourist industry.

Resorts

Maori International Limited already has on hand a preliminary study completed by professional Hawaiian consultants which indicates quite clearly high potential for at least four maori projects in the North Island costing in total approximately S4O million. Maori International Limited plans to discuss this potential with the respective maori tribal groups and land owners with the intention of negotiating appropriate contractual arrangements that will lead to successful tourist operations.

Whilst the potential is clearly very large, the intention of Maori International Limited is to encourage establishment of projects on a progressive basis within the sensible limits of finance available either to the company or to potential operators. These projects could embrace the development of camping grounds, auto-lodges, resorts and high quality hotel, shopping and other services.

'Hand-Crafted Products'

In New Zealand today a wealth of artistic talent produces a diverse range of carvings, weavings, pottery and wool and leather handcrafts. Young maori people have become more heavily involved in the carving of wood, bone and jade. Weavings in both traditional and contemporary style are also a new and exciting field. These distinctive artistic skills can have a marked and valuable impact on modern consumer products.

In keeping with its philosophy of seeking greater opportunities for New Zealanders Maori International Limited plans to harness this talent through its commercial organisation which will help the development, design, financing and marketing of products of the 'hand-craft industry'.

These products will be marketed locally through three retail outlets based in Auckland, Wellington and Rotorua. Maori International Limited also plans, as opportunity offers and finance allows, to market products internationally and has already begun discussions with major retail stores in New York, St Louis, San Francisco and Hawaii.

New Zealand Maori Arts and Crafts Institute Rotorua

As part of this phase of its operations, Maori International has entered into discussions with the Government and New Zealand Maori Arts and Crafts Institute of Rotorua with the objective of promoting this already successful operation in Rotorua as a cultural and recreational centre. Negotiations are still continuing.

Land Products forestry, horticulture.

Forestry

Forestry has become increasingly important in New Zealand over recent years.

Although the maori people own substantial areas of land well suited for forestry they have seldom been involved in forestry development as managers. Traditionally the maori land owners have left such land idle or leased it to state and private developers. Their revenues have come from stumpage or imputed rental values, while the benefit of the forest development itself has been largely taken by the developers.

Several groups of Maori land owners in Northland, Rotorua, King Country and the East Coast have indicated their willingness to work with Maori International Limited in making land available for

forestry.

In order to develop this potential Maori International Limited intends to join with maori land incorporations, Trusts and land owners through joint participatory arrangements such as unincorporated joint ventures or a maori forestry consortium.

Initially, Maori International Limited will undertake feasibility studies in order to identify specific areas for potential forestry development.

Maori International Limited will also maintain a consultancy role contributing forestry expertise, finance planning and marketing information.

Maori International Limited also intends to develop forest farming an activity designed to maximise the best end-use for various land types as well as optimising conditions for forestry growth. Forest farming has particular advantages for Maori International Limited as the initial heavy capital expenditure of forestry can be offset by revenues earned from grazing animals.

Horticulture

Horticulture is one of New Zealand's most promising growth industries. Maori International Limited intends that maori land owners will become more involved in horticulture. Confidence had been brought to the industry by the successful export of kiwi fruit and vegetables, and in recent months investment has increased in hydroponics growing crops in glass houses in nutrient rich water.

Some individual maori farmers and Trusts are, in fact, already growing kiwi fruit, grapes, avocadoes and blueberries. Some have begun using hydroponics. Maori people, of course, have long traditions of successfully growing kumara, potatoes, sweet corn, pumpkin, water-melon and green vegetables.

What is now needed is the provision of more technical knowledge and capital, better financial management and better controlled marketing.

Kia haere mai te Atakura He tio He Huka He Hauunga Let the red tipped dawn Come with a sharpened air A touch of frost And the promise of a glorious day.