Mitchell v Trustees of Pukeroa Oruwhata Trust - Pukeroa Oruawhata Trust (2003) 277 Rotorua MB 285 (277 ROT 285) [pdf, 1.2 MB]
...profitability but am persuaded that distributions to owners are but one measure of a Trust's performance. The success or failure of investment strategies is another. Growth in asset value, strategic positioning and selective expansion of existing resources are also relevant factors that should be taken into account in assessing overall performance, as the beneficial owners have done in endorsing the increase at two recent general hui. It will also be stating the obvious that payment...