Letters to the Editor: More about TECT cheques and the One Love reggae festival

The two-day One Love reggae festival has received a lot of positive feedback. Photo/File

TECT cheques

Thank you Bill Toxward for your information on the original trust deed (January 30, 2018).

Inevitably, historical aspects of the investment by forward-looking ratepayers have been forgotten in the passage of time by earnest profit-minded trustees through boardrooms elected by weight of numbers by equally earnest people, seeking the best return they can achieve. Well hello!

Great care was taken to protect the heart of the original deed's intent and it seems now our present board wishes to set aside this concept in search of greater financial gain and control for the trust to disperse to a wider part of the community, thus losing sight of those who took the original risk and the care taken to recompense them in future for their foresight and courage.

The trust and the company have supported one another to their mutual benefit for a long time and there appears to be no valid reason for the basis of this support to be changed arbitrarily by removing the original intent from the deed.

Keep the cheque! Keep our board in the Bay!

D. Hayman
Matua

The TECT trustees should be congratulated on their proposal to future-proof the assets of the trust from the inevitable changes that await our energy sector in the future.

The proposal brings certainty to the considerable asset base that has been built up by TECT over the last 25 years and this is a vital component in the proposal and should be of particular interest to not only the current consumers but our whole community.

This proposal would make everyone a potential beneficiary in some shape or form of a substantial charitable trust and the value of that should not be lightly overlooked by any of the participants concerned.

The TECT proposal for the consumer is a very generous one and in my view gives all those concerned ample time to adjust to the proposed changes.

Noel F. Pope
Welcome Bay

One Love reggae festival

Good for you Andy Craw (Letters, February 2, 2018). Let's applaud and congratulate the team for running a hugely successful event.

Sure beats the Mount riots. Lets all give respect and admiration to the organisers and ignore the short-sighted views of bigots.

Why would you buy a house overlooking the expressway and then complain about noise from a two-day festival. Go figure.

Andrew Lattimore
Mount Maunganui