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7 Jan 2026 13:57
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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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    It's au revoir for AJ Lam after the upcoming Super Rugby season More...

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    Dairy prices have risen for the first time in months More...


     Today's News

    		 Tennis:
    Third seed Iva Jovic has booked her quarter-final spot at Auckland's ASB tennis Classic with a 7-6 6-4 second round win over Sara Bejlek / 13:47

     Rugby League:
    The Baltimore Ravens have axed head coach John Harbaugh's after an 18-year-run in charge of the NFL side 13:27

     Entertainment:
    Jamie-Lynn Sigler and her husband decided not to have a third baby, because of her multiple sclerosis (MS) 13:23

     International:
    Venezuelans celebrate a future reclaimed — but insiders say the power struggle is just getting started 13:17

     Law and Order:
    Its sixty years today since a tragedy on Lake Taupo claimed the lives of four Wanganui Collegiate students 13:07

     International:
    Ukraine's allies agree to security guarantees in 'significant step' towards ending Russia's invasion 12:57

     Entertainment:
    Sadie Sink feels "very emotional" when she hears Kate Bush's Running Up that Hill 12:53

     Cricket:
    The Black Caps will take the big frame of Kyle Jamieson as a travelling reserve for the T20 World Cup starting next month in India and Sri Lanka 12:37

     Business:
    Dairy prices have risen for the first time in months 12:27

     Entertainment:
    Miriam Margolyes was so "naughty" in an interview, most of her chat was unbroadcastable 12:23

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