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4 Jan 2026 9:17
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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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     Today's News

    		 Accident and Emergency:
    ???1;Two more are being added to the holiday drowning toll after a pair was recovered from Ripiro Beach in Northland 8:57

     Living & Travel:
    Teen running phenom Sam Ruthe has snared another world record, becoming the fastest 16-year-old EVER across 1000 metres  8:57

     Motoring:
    State Highway 35 at Tolaga Bay has reopened to one lane and it's expected to be fully reopened later this morning 8:37

     Soccer:
    Wellington Phoenix coach Giancarlo Italiano reckons self-inflicted hardship drove his side to a 3-nil A-League win away at the Brisbane Roar 8:27

     National:
    US snatches Maduro in raid on Caracas: what we know so far 8:07

     Soccer:
    The 10-man Wellington Phoenix men have stunned Brisbane 3-0 in the A-League, despite winger Carlo Armiento being given a red card in the 38th minute 8:07

     International:
    Japan's anti-immigration past faces a modern challenge: a 'super-aged' population 7:57

     Soccer:
    The Wellington Phoenix men have helped Auckland FC stay top of the A-League ladder...upsetting the third placed Brisbane Roar 3-nil across the ditch...despite playing more than an hour with just 10 men 7:37

     International:
    Donald Trump's attack on Venezuela and 'capture' of Nicolás Maduro has been months in the making 7:27

     Soccer:
    The Wellington Phoenix women have made history...scoring their first-ever A-League football point in Queensland 7:27

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