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Parting comments
Since this is my last Chairman’s Report for TGH
consequent on my resignation, I’d like to sign off with
two parting comments.
First, one of the objectives we set for TGH a decade
ago was that the community also beneft from our
investments.
However, an alternative option that could have been
pursued was to put the Waikato-Tainui settlement in a
managed fund, much like the KiwiSaver schemes of
today that readers will be familiar with.
Had that option been chosen, there might be few if
any good quality hotels in Hamilton today. The tribe
could’ve leased the land at Te Rapa for industrial
use: there would then be no Base retail centre, and
Hamiltonians would’ve spent much of their shopping
dollar elsewhere. Neighbouring cities would have
gone from strength to strength. There would be no
contemplation of a freight hub at Ruakura, with other
regions instead looking to capitalise on the opportunity.
Today, despite some short-term issues, the Waikato
can look forward to a prosperous future. Dairying has
always been seen as the area’s strength, but history
shows that it’s not suffcient on its own. The region’s
future is also inextricably bound up with
nd TGH, and vice-versa.
Second, it is my hope that iwi as a whole will at some
stage realise their common potential by investing
at least some of their assets in a single investment
vehicle. There is strength in numbers, and such
a venture could truly diversify risk and take on
Outlook
For the next few years, the company’s results are likely
to be fairly similar to 2012.
Longer term growth in earnings is currently
dependent on obtaining planning approvals for
Ruakura and fnalising a plan for the development.
Mike Pohio, Chief Executive, elaborates further on this
in his report.
The region’s future
is also inextricably
bound up with
and TGH, and
vice-versa.
Ko te
whanake o teenei rohe
e whiri kotahi ana ki a
Waikato-Tainui me TGH.
Te AWA, The Base