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12 Jan 2026 7:51
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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.

    © 2026 Newstalk ZB, NZCity

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    BUSINESS BUSINESS
    The Government hopes the roll-out of "open electricity" makes it easier for Kiwis to get cheaper power More...


     Today's News

    		 Accident and Emergency:
    A weekend of people getting into trouble in the water has spurred renewed calls for caution 7:47

     Business:
    The Government hopes the roll-out of "open electricity" makes it easier for Kiwis to get cheaper power 7:37

     Accident and Emergency:
    There have still been no sightings of a man who went missing in the Waikato River over the weekend 7:27

     Entertainment:
    Ali Wong and Bill Hader have split 7:23

     Law and Order:
    Efforts to uncover how a racing greyhound became exposed to meth - have come up short 7:17

     Rugby League:
    Breakers guard Izaiah Brockington has confessed the team's inconsistency is a mystery after beating the Hawks 101-96 in Illawarra 7:07

     Entertainment:
    One Battle After Another leads the nominations for the Actor Awards 6:53

     Business:
    Grocery costs remained largely unchanged over the Christmas period 6:27

     Entertainment:
    Brigitte Bardot has been laid to rest 6:23

     Christchurch:
    One person's in a serious condition and another's in a moderate condition in Christchurch Hospital after facing difficulties in the water near Herbeden Avenue this evening 21:57

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