News | Politics
23 Feb 2020 21:03
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Politics

    The Northland Regional Council could be facing a 820-thousand-dollar hole in its pocket

    The Northland Regional Council could be facing a 820-thousand-dollar hole in its pocket


    It loaned Resource Enterprises Limited the money in 2014 for a Marsden Point timber mill.

    But it's not traded since May 2017, its lease was cancelled last month, and its missed two quarterly interest payments.

    Council CEO Malcolm Nicolson says it was a decision made in the wake of the Global Financial Crisis.

    He says it was seen as a way to stimulate the Northland economy - but the council's since stopped loaning to private companies.

    The loan, now recorded as an impairment loss, is due to be paid in early March.

    © 2020 Newstalk ZB, NZCity


     Other Politics News
     23 Feb: The Maori Party's newest candidate says the Government isn't taking major Maori issues at all seriously
     23 Feb: One more step forward in the fight for justice for families of those lost in the 2011 Christchurch' quake
     23 Feb: The government is being praised for its new vaping legislation
     23 Feb: There needs to be a clear direction in the government's upcoming vaping regulation
     23 Feb: The vaping industry is to face a major crackdown, including curbs on advertising and sponsorship
     22 Feb: A desire for Christchurch's post-earthquake vision to be fully realised in the coming 12 months
     21 Feb: A lobby group says changes to the Tenancy act are great news for renters - it need some tweaking
     Top Stories

    RUGBY RUGBY
    The Tall Blacks expect a physical battle in their second first-round game of the FIBA Asia Cup qualifiers More...


    BUSINESS BUSINESS
    Two fire crews are dampening down hotspots at the scene of a commercial fire in Christchurch's CBD More...



     Today's News

    Entertainment:
    Stormzy has become the first member of Greggs' next level VIP service 20:59

    Entertainment:
    Kate Hudson is open to having more children 20:29

    Boxing:
    Tyson Fury beats Deontay Wilder by TKO to win WBC heavyweight world championship in Las Vegas 20:27

    Motorsports:
    Scott McLaughlin's won the second Supercars race at the Superloop 500 in Adelaide 20:27

    Entertainment:
    Chrissy Teigen constantly doubted herself as a new mother 19:59

    Boxing:
    American boxer Deontay Wilder's expressed frustration over his corner's decision to throw in the towel in his bout against Brit Tyson Fury 19:57

    International:
    Bernie Sanders wins Nevada Democratic caucuses and takes lead in race to become Donald Trump's opponent 19:47

    Entertainment:
    Bill Hader and Rachel Bilson are "very happy" together 19:29

    Basketball:
    The Tall Blacks expect a physical battle in their second first-round game of the FIBA Asia Cup qualifiers 19:17

    Entertainment:
    Chris Pratt's son isn't impressed by his celebrity status 18:59


     News Search






    Power Search


    © 2020 New Zealand City Ltd