Ashby v Ngati Awa Land Trust Board- Waimana Parish 790 (2002) 268 Rotorua MB 275 (268 ROT 275) [pdf, 361 KB]
...number of levels and not at all what the Trust Order intended. I accept however, that what has happened, has happened more by oversight then by intention to breach the Trust Order. Prudence I must then examine the balance of the borrowing and form a judgement as to its prudence or otherwise. Certainly the figures are not small. I note that the land and stock of the Trust were immune from creditors of the Runanga, but now that· Minute Book: 268 ROT 280 borrowing has been organ...