Meeting to be held at LWIC site Office at 126 Cameron Road on Thursday 19thJuly at 1:30pm
A special meeting will be held to update shareholders on the current status of the MOU with the Otago Regional Council around Plan change 6A and to discuss the options going forward. Find attached a copy of recommendations from the Companies representing Lawyer Bridget Irving outlining the options please take the time to read this document.
We urge all shareholders to attend this meeting as this effects your future
The driving force behind North Otago irrigation has been honoured with a plaque near the Waitaki River.
Sid Hurst, who died aged 97 in July 2016, is now officially commemorated as a ‘‘Visionary Farmer and Irrigation Pioneer; Champion of the Waitaki’’.
The plaque site was chosen for its significance to the Lower Waitaki irrigation scheme, which Mr Hurst instigated.
Bortons Pond, just west of Georgetown off State Highway 83, is where water diverted from the Waitaki River is held for distribution to thousands of hectares of droughtprone land.
It has become a popular place for kayaking, with amenity trees and bulrushes enhancing the landscape.
Mr Hurst had always wanted to buy that land but was never able to, his friend and fellow irrigation leader Dave Finlay said at the unveiling ceremony last month.
‘‘Today, we will ensure his memory on this piece of ground. Let’s call it Hurst Park and be done with it.’’
Mr Hurst’s contribution tofarming was acknowledged during his lifetime with an honorary doctorate of science from Lincoln University, an OBE for services to agriculture and education, the Ron Cocks Memorial Award for leadership in irrigation and life membership of Federated Farmers.
However, ‘‘he never wanted accolades’’, Mr Finlay said.
‘‘If he could today, he would chase me out of here.’’
Only a few people had the DNA of leadership Mr Hurst displayed, Mr Finlay said.
‘‘We’re so fortunate to have had Sid in the community.’’
He thanked Mr Hurst’s family for ‘‘how unselfish you were with Sid’’.
A second, identical plaque has been added to the one unveiled at the Awamoko Domain in 1982 by then prime minister Robert Muldoon when the irrigation scheme construction was finished.
Notice is hereby given that the Annual General Meeting of the Lower Waitaki Irrigation Company Limited will be held at the Lower Waitaki Golf Club on the
20th day of September 2017 at 7.30pm.
Election of Directors – Mr R Plunket retires by rotation and is seeking re-election. Mr P Borrie retires by rotation and is seeking re-election.
Special Shareholder Resolution (see over page)
That pursuant to Sec 207I of the Financial Reporting (Amendments to Other Enactments) Act 2013, that Lower Waitaki Irrigation Company Ltd shall opt out of compliance with Section 201(preparation of financial statements that comply with generally accepted accounting practice) in relation to the accounting period ended 30 June 2018.
Minutes of the previous Annual General Meeting
Matters arising from the minutes
To receive and approve the chairman’s / directors’ report for the year ended 30 June 2017
To receive and approve the financial statements and auditor’s report for the year ended 30 June 2017
To appoint Audit Professionals as auditor for the ensuing year and to authorise the directors to fix the remuneration of the auditor
General Business To transact any other business which may be brought forward per the Constitution of the company.
Sec 201 of the Financial Reporting (Amendments to Other Enactments) Act 2013 requires the company to prepare financial statements that comply with generally accepted accounting practice.
Our auditor, Audit Professionals, advised that under generally accepted accounting practice the company should prepare financial statements that are compliant with International Financial Reporting Standards (IFRS).
Of course the company needs to prepare financial statements that meet the needs of all readers of the accounts, we are confident the current financial statements are adequate.
It is difficult to see the benefit of any increased level of reporting for shareholders, given it comes with a significantly increased compliance cost, both in terms of accountancy and audit fees.
There is an option under Sec 207I of the Financial Reporting (Amendments to Other Enactments) Act 2013 to opt out of compliance with Section 201. To do so requires, at a meeting of the shareholders, a resolution to be passed by not less than 95% of the votes of shareholders entitled to vote and voting at that meeting.
It will be necessary to pass this resolution at future Annual General Meetings.
If you have any questions in relation to the proposed resolution please contact Fraser McKenzie, McKenzie & Co, in the first instance, email@example.com or 03 434 7944.
A pair of Waitaki residents recognised in this year’s Queen’s Birthday Honours List were presented with their awards in Wellington last week.
David Higgins (Officer of the New Zealand Order of Merit), upoko runanga for Moeraki, and David Finlay (Queen’s Service Medal) received their honours from Governor-General Dame Patsy Reddy in front of gathered guests at Government House.
A citation that appeared in the Otago Daily Times on June 5 said Mr Higgins, who was decorated for services to Maori, never thought he would receive such a high honour for his work.
He was part of the team that took on the Crown and finished Ngai Tahu Whanui’s settlement in the late 1990s – a process his ancestor Tiramorehu began in 1849 when he sent a letter of complaint to the governor of the day.
Mr Higgins, of Palmerston, was the Arowhenua member of the Ngai Tahu Maori Trust Board that lodged the Ngai Tahu claim before the Waitangi Tribunal in 1986.
He was proud of the role he played and said Ngai Tahu had gone from strength to strength since its win.
“We built up a formidable team that presented the evidence. We did it because our ancestors expected us to do it.”
He was a key player in gathering much of the fisheries evidence that was presented to the tribunal and his efforts in leading the Ngai Tahu Fishing Company resulted in Ngai Tahu having a substantial financial base prior to the settlement of the iwi’s claims with the Crown.
His advice for any group going up against an adversarial power was to persevere, stay true to one’s self and have a team of dedicated people.
In 2000, he was appointed as the Department of Conservation’s Pou Kura Taiao for the Canterbury Conservancy.
Mr Higgins has retired as the Moeraki representative on Te Runanga o Ngai Tahu after two terms this year.
For Mr Finlay, his nomination, for services to irrigation and sport, “came out of the blue”.
“When you’re working hard at something .. you have your head down and you go from day to day thinking about things,” he said.
“You never think that someone’s going to sing out to you, ‘Well done”‘.
Mr Finlay served for 41 consecutive years on the committee of the Lower Waitaki Irrigation scheme and company board and in the 1990s, he helped the North Otago Irrigation Company get off the ground.
“It’s a pain at the start .. it’s not easy, but for the community, the benefit is quite enormous – forever.”
In 1976, he helped to develop the Lower Waitaki Golf Club, where the golf course’s irrigation was “way ahead of its time”, and he served as president for four years. He still marvelled at “the power of the community out there that built that thing”.
He was involved with North Otago Federated Farmers for a “very long time” and served a two-year term as the meat and wool chairman.
Mr Finlay coached rugby at provincial and school levels and held administrative roles for North Otago rugby.