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29 Apr 2024 10:00
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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

     Other Technology News
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     10 Apr: Nursing executives stood down pending investigation of 'potential financial irregularities'
     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
     10 Jan: Conversation is Key: Kiwi women favour chat skills in online dating, survey shows
     02 Jan: More and more drug users and dealers are taking to social media to buy illegal substances
     28 Dec: The country's on track for the highest number of fines in a year, for using mobile phones while driving
     Top Stories

    RUGBY RUGBY
    Franklin has beaten Tauranga 85-74 in their NBL basketball match in Pukekohe More...

    BUSINESS BUSINESS
    Cantabrians are about to have the opportunity to discuss their regional council's 10 year plan More...


     Today's News

    		 Motorsports:
    Scott McLaughlin's put his recent IndyCar controversy in the rear vision mirror, storming to a dominant race win at Alabama 9:57

     Entertainment:
    Lisa Vanderpump has rubbished Jax Taylor's recent criticism of 'Vanderpump Rules' 9:44

     Politics:
    Earthquake damage has caused the almost 400 metre Petone Wharf, to be closed for more than three years 9:27

     Entertainment:
    Billie Eilish has been "in love with girls for [her] whole life" 9:14

     Entertainment:
    Khloe Kardashian isn't looking for love "at the moment" 8:44

     Entertainment:
    Nicole Kidman becomes first Australian to win American Film Institute Lifetime Achievement Award 8:17

     Golf:
    Kiwi golfer Ryan Fox and his South African playing partner Garrick Higgo have gone low in their final round at the PGA Tour's teams event in New Orleans 8:17

     Entertainment:
    Billie Eilish has "never been a happy person" 8:14

     Cricket:
    Black Caps all-rounder Daryl Mitchell's starred with the bat and in the field for the Chennai Super Kings in the Indian Premier League 8:07

     Business:
    Cantabrians are about to have the opportunity to discuss their regional council's 10 year plan 7:57

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