Pūtea Cash

The financial settlement was $25,025,000.  Interest was payable on this amount from 13 December 2007 when the Agreement in Principle was signed until settlement date.

The financial settlement also included the purchase of properties owned by the NZ Defence Force and Department of Corrections at Shelly Bay.  These properties were purchased in February 2009 and the purchase price was deducted from the cash settlement on settlement date.

Aerial view of Shelly Bay

Shelly Bay Handover

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© 2012 Port Nicholson Block Settlement Trust

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