Ryall gives Labour a history lesson, Ctd


Tony Ryall continues to hand Labour a history lesson:

Remember when Labour sold 49 per cent of state owned Spring Creek Mine for millions of dollars to American multi-national Cargill Coal?

In 2007 Labour was happy to sell state owned businesses to foreign interests, now they even oppose everyday New Zealanders buying a share in these companies”, says State Owned Enterprises Minister Tony Ryall.

According to the Chairman of Solid Energy in a letter to the editor, the 2007 sale of Spring Creek Mine had approval from the Labour Government’s Minister of Finance, and Trevor Mallard, their Minister for State Owned Enterprises.

And, because it was sold to a foreign company, it needed Overseas Investment Office approval.

The National led Government has always been upfront about its minority share offer. We announced it in January 2011.


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  • Alloytoo

    Glad he’s calling it what it is:
    “A Minority Share Offer.”

  • Phar Lap

    Here is a couple more.Lie-bour allowed the South Island Power grid to be sold to the Americans in 2004 FFS. Also Sullen Cullen allowed the Wellington Power company to be sold to the Hong Kong Chinese.Always remember his learnt nothing comment”.Wellingtons Power Company was not a strategic asset” FFS2.

  • Karlos

    I think you could call this hypocracy at its finest!
    Didn’t even have the balls to tell the public ahead of time, then bury it afterwards. How many NZer’s got the right to buy shares? What a bunch of hypocritical, lying, manipulative cunts! And at the front of the whole thing, the biggest weasel in NZ political history (beating Winston is quite an effort) Trevor Mallard.
    Where are the MSM on this? No-where to be found. Bunch of EPMU card holding, Labour loving hacks that couldn’t investigate a freckle.
    Where was our referendum then? Where where the Union lead marches on Parliament then? Where was the uproar over selling the family silverware then?
    Was there a peep out of the crossbenches about it? No, because it was the correct thing to do then, and the correct thing to do now. Only thing they got wrong was selling out to the US corporates before given Kiwis a chance to buy shares.