"A Crown witness from the Office of Treaty Settlements at the Waitangi Tribunal hearing conceded that given the Crown diverts and captures certain tracts of water in order to use to create hydro-electric power, and that it controls it to the exclusion of all others, it was a characteristic of ownership.
This admission they noted undermined the Government’s base proposition that no one owned the water.
They concluded that selling state assets to foreign investors would not be in the interests of all New Zealanders."
That sums the issue up nicely.
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