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22 Jul 2019 2:44
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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.

    © 2019 Newstalk ZB, NZCity


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     18 Jul: A big payday's coming for farmers in New Zealand's second-biggest dairy co-op
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    Silver Ferns captain Laura Langman is looking forward to going up against one of the best in the business in the netball World Cup semi-finals More...



     Today's News

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    Cricket:
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