SpeechCHRIS BAILLIE (ACT): Thank you Mr Speaker. It's my pleasure also to rise on behalf of ACT to take a call on the Thomas Cawthron Trust Amendment Bill a name which I've been familiar with all my life and unfortunately I won't be in the select committee that it gets sent to.Every day I'd have to walk past Cawthron Crescent on my way to and from primary school. The Cawthron Institute was always this mysterious big old building in town that as kids we weren't sure what exactly went on inside we just knew that it was good stuff that was coming out of it.Thomas Cawthron as was mentioned before arrived in New Zealand when he was very young aged 15 and went off—took off—when he was young went over to Wellington and then over to Victoria to make some money. He came back when he was 22. When he was 23 he was involved in developing a copper mine on Dun Mountain in central Nelson and coalmining at Enner Glynn. I went to Enner Glynn School and Enner Glynn valley is just up the road. We used to spend a lot of time up there. He also developed financial skills lending money to workmates. He was interested in Port Nelson as well over the coming years. He had a considerable skill as a trader particularly in coal from Australia but it was through his wide-ranging investments from 1960 in property in mortgages etc. that he made his fortune.He was 32 when he started really spreading his wealth around: relief funds; church organisations; the Rocks Road chains which are quite a feature still today; cathedral steps; and the Nelson School of Music which was mentioned before. So he was quite a character. But the Cawthron Institute is how he will be remembered and as Rachel Boyack mentioned earlier on his will was drawn up in London where bequeathed all of that money.He had a hard start to life. His mother died when he was 12 years of age and he went to a charity school in London. Through hard work and ability he became a successful and charitable man. It is really awful to think that if he was around today his success would be condemned.The Thomas Cawthron Trust Act 1924 is a pretty substantial piece of legislation and has been amended a couple of times over the last 98 years. The Act explains pretty much everything you need to know: who makes up the board; what the board's responsibilities and expectations are; what happens when a position becomes vacant; when meetings are; what contracts they're allowed to do; additional powers like borrowing money lending money etc.; a guarantee to have put in balance sheets; and section 17 talks about remuneration of the board up to $6000—I'm not sure whether I missed something because the preamble of the amendment says there was no remuneration so I'm not sure about that one.Then we get to the amendment bill which you sort of wonder if everything seems to be covered—the direction and all of those things. We wonder what the point is. There are four main objectives: clearly articulate the objects of the trust board and the powers conferred which is pretty obvious; appointment of a member from the Te Tau Ihu iwi; specify the legal liability of the members of the trust board which absolutely makes sense; and to modernise the governance arrangements and from what I can read that means changing it from board to trust board.The Cawthron Institute has been a fantastic asset to Nelson and New Zealand for 98 years. Some of the stated objects make sense we won't be supporting the bill. The board don't need to be directed to achieve the social and cultural benefits that the current CEO has mentioned.I'd just like to end with a quote from Thomas Cawthron—it reminds me of the Labour Party—after he bequeathed all his money he said to his sister's friend Maria if the said Minnie Palmer gets married or has sexual intercourse with any man then this last payment shall … cease for ever" which reminded me of the current entrenchment clause. Thank you Mr Speaker."