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28 May 2020 12:09
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  •   Home > News > Business

    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.

    © 2020 Newstalk ZB, NZCity


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     27 May: Air New Zealand will reintroduce business-timed flights at regional airports from the 8th of June
     27 May: Concerns high unemployment rates will stick around longer than expected
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    Rugby:
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