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2 Jun 2024 12:28
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      Home > News > Technology

    Loaning money to private dairy company would set precedent

    Loaning money to a private hi-tech dairy company would set a precedent of the Crown as a lender of last resort


    It's been revealed Treasury advised deferring the decision to loan Westland Milk Products Limited 9.9 million from the Provincial Growth Fund.

    National's Regional Economic Development spokesperson Paul Goldsmith says the Government should have listened.

    He says private companies shunned by the banks will be lining up for soft loans.

    © 2024 Newstalk ZB, NZCity

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     03 May: Kiwi golfer Ryan Fox is likely to miss the cut at the latest PGA Tour event in Texas
     14 Mar: A high-tech upgrade for a ferry service plying a Fiordland lake
     03 Feb: Ignoring work calls and emails after hours could soon become a legal right in Australia as political momentum grows to ensure people can unplug and unwind
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     Today's News

    		 Soccer:
    The most familiar sight in European club football has happened again 12:17

     Politics:
    Chris Luxon says he's looking forward to his upcoming trip to the Pacific Islands next week 12:07

     Rugby League:
    New South Wales fullback Dylan Edwards is set to miss game one of State of Origin with a quad injury 11:57

     Golf:
    Ryan Fox is in a three-way tie for second after three rounds of the PGA Tour's Canadian golf Open in Ontario 11:37

     International:
    Survivors of PNG landslide say they heard two loud cracks before mountainside fell on village 11:17

     Sailing:
    The Black Foils have overcome shifty winds and chilly temperatures to sit second overall behind Great Britain after day one of Canada's inaugural Sail GP event in Halifax 10:37

     Hockey:
    The Black Sticks Men have gone two-from-two at hockey's FIH Nations Cup 10:27

     International:
    TikTok sommeliers and Keira Knightley articles: how wine culture is changing on and offline 10:07

     Politics:
    Assurances from the Health Minister - he'll deliver the promised cancer drug funding this term 10:07

     Accident and Emergency:
    A person has died after a crash in Kaikohe in the Far North 9:27

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