Waikato businessman Sir William Gallagher has apologised in an open letter for his comments on the Treaty of Waitangi which have been labelled offensive, racist and ill-informed.
Gallagher's speech to business people in the Waikato on Friday night that outlined his thoughts on "bloody reparations" to Maori and included that the Treaty was a rort, sparked an outcry from the community.
Many at the Christmas cocktail event hosted by the Waikato branch of the Institute of Directors walked out and earlier this week protesters dressed in white Ku Klux Klan robes stood outside the electric fencing company he runs in Hamilton.
He initially stood by his comments but today issued a letter through his company, the Gallagher Group.
"I am a business person and not a historian," Gallagher said.