The Crown and representatives of hapu around Wairoa in Northern Hawke's Bay have signed a Treaty settlement deed set to involve one of the biggest financial redresses in the history of Treaty of Waitangi claims.
Financial redress of $100 million is proposed for the settlement between the Crown and mandated authority Te Tira Whakaemi o Te Wairoa (Te Tira), initialled by both parties at Parliament yesterday.
Te Tira will now start a ratification process leading to a vote among members of the hapu, more than three decades after the initial Wairoa claims were lodged with the Waitangi Tribunal and with hopes of the actual settlement being signed in Wairoa with legislation to be passed in Parliament by the end of the year.
If ratified by the iwi and hapu, this will be the fifth-biggest Treaty of Waitangi settlement in terms of financial redress.
Te Tira chairman Tamati Olsen said the initialling ceremony was a powerful milestone in the negotiations process and a significant day in Wairoa's history.