[b} The Northland iwi, Ngapuhui, is reporting a $7 million jump in its financial value.
Despite not yet settling its Treaty grievances, the tribe now has $50 million worth of assets.
Te Runanga-a-iwi o Ngapuhi has recorded a net profit of $6.7 million - including a $2.8 million Government reimbursement to underwrite Tuhoronuku, the body claiming the right to settle the northern claims.
Ngapuhi Asset Holdings Company has five property investments, including a petrol station and a book store in Kaikohe, and three units in a health centre in Kerikeri.
The tribe says that while its service station is performing well, the profits at its Paper Plus store have been hit due to the global trend to online book sales.
The chair of the iwi, Sonny Tau, says in the last year $400,000 have been spent on staff to help with the development of the tribe.
He says the overall result for Ngapuhi is excellent, given what he calls the weak Northland economy.
Meanwhile, Sir John Goulter is stepping down as Chair of Ngapuhi Asset Holdings Company, to be replaced by one of its Board members, Leigh Auton.
