SpeechNAISI CHEN (Labour): Thank you Madam Speaker. I wasn't quite prepared for the Green Party to take such a short call on this bill.This is a great bill. Honestly it's great to see our colleague the Hon Meka Whaitiri bring such a good bill. Today we're debating the content of this bill which is just I think a very simple change to the legislation that governs the Hawke's Bay Agricultural and Pastoral Society. It's just making sure that once they sell their piece of land—right now they don't have to reinvest the money and I'll speak a little bit more on that further on into my speech.I know that when this bill first came to this House—actually before it arrived at this House—the Hon Meka Whaitiri along with her colleagues in the Hawke's Bay Region Anna Lorck and the Hon Stuart Nash had done a lot of work in that region in terms of getting support getting it to where it is and making sure that everyone in the Hawke's Bay region is happy and satisfied with the current arrangements.I started today's contribution—and I think three is the lucky number for me today—thinking that this would be an afternoon and evening of themes around governance. I think this is probably another one where we're looking at the funds of a sale of a piece of land—this time the Hawke's Bay Agricultural and Pastoral Society's piece of land namely the Tomoana Showgrounds—and the proceeds of that and how that could actually be better used to fulfil the purpose for which the Hawke's Bay Agricultural and Pastoral Society has been established and how it fulfils its vision and mission statement which is I think—I had read somewhere—is it to bring town and rural together?Hon Member: Town and country.NAISI CHEN: Town and country. Sorry—town and country I had read that somewhere in my notes and I think that's a great mission statement to have. I think for those of us who have grown up in urban areas events such as A & P shows such as Fieldays which I have just been to over the last week have actually been really really interesting and formative and for me as an MP as well allowed me to gain that actual full understanding of what is really the foundation and a really strong pillar of our New Zealand economy. I'm sure that Hawke's Bay Agriculture and Pastoral Society does exactly that.We've talked about even in the last bill that had come to the House investing in different types of financial instruments different ways of investing whether it's with shares or it's with other ways—that actually there are better ways than just investing in land I guess more productive ways than just investing in land to make sure that the Hawke's Bay Agricultural and Pastoral Society actually gets the benefit of the cash and the equity they had realised from selling their land and making sure that that cash and equity actually is put and injected into their day-to-day running into their business into making sure that they actually can deliver the projects that they want to for their members for their local community and for New Zealanders in general as well.So I love how we've talked about having that long-term perspective in terms of that financial planning. This bill will just empower and enable them just to do exactly that in terms of making sure they have the freedom to plan according to the market conditions according to the market price of land at the current time and also relative price to other things such as I've mentioned shares and bonds and all of the other financial instruments which they can perhaps get a better income or get a better dividend from but also things that will help them to weather storms as well. We all know that the market goes up and it goes down. So if we're ever faced with another—God forbid—financial crisis like the global financial crisis we saw earlier on then at least they would have a diverse investment portfolio to actually help them get through.But what I'm also really pleased to see is that they've negotiated the use of the showgrounds even after selling it. I think there must have been some really smart negotiations in the process so I commend them for that result as well. As we've already traversed this will come to another great select committee—Hon Michael Woodhouse: That's right.NAISI CHEN: —yes; I see my good colleague the Hon Michael Woodhouse over there—the Governance and Administration Committee. We do look forward to shepherding this bill through the process and we do look forward to hearing some submissions—show and tell please. We'd love to see some of the products that you guys offer as well.So on that note I commend this bill to the House.