The Labour Party on Foreign Investment

"The 1972 election manifesto of the Labour Party states "The major purpose of New Zealand's policy on foreign investment should be to permit all reasonable and necessary development of the country's resources while preserving to New Zealanders the enjoyment and control of those resources."

Most nations consider that an enterprise is foreign controlled when 25% or more of the capital is invested by an overpass firm. In the case of the Mt Davy coal, Ataka's 50% stake represents clear cut Japanese control.