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17 Dec 2025 18:35
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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.

    © 2025 Newstalk ZB, NZCity

     Other Technology News
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     22 Nov: Toy Story turns 30: How Pixar's animated buddy comedy went to infinity and beyond
     21 Nov: Staff in Police Minister Mark Mitchell's electorate office responded to an email accusing Jevon McSkimming of sexual abuse
     20 Nov: Relief on Wall Street, as computer chip giant Nvidia records another record-high three months
     14 Nov: The Department of Internal Affairs is calling interference with the Police Minister's emails - inappropriate
     Top Stories

    RUGBY RUGBY
    Blues coach Vern Cotter is intrigued by the idea of cross-hemisphere rugby clubs swapping players More...

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     Today's News

    		 Entertainment:
    Sam Asghari's relationship with Britney Spears was a "blessing" 18:20

     Cricket:
    How cricket balls move: the science behind swing, seam and spin 18:17

     Law and Order:
    A 22-year-old man has been sentenced to five years and four months jail for threatening a mass stabbing attack, distributing objectionable material and indecent communications 18:07

     Entertainment:
    Sharon Osbourne has defended her daughter Kelly over her recent weight loss 17:50

     Cricket:
    The West Indies have warmed-up for the third and final cricket test against New Zealand in Mount Maunganui by chilling out 17:37

     Rugby:
    Blues coach Vern Cotter is intrigued by the idea of cross-hemisphere rugby clubs swapping players 17:37

     Law and Order:
    FBI releases footage of Brown University shooting suspect 17:27

     Health & Safety:
    Health officials have confirmed one new measles case in Queenstown - linked to overseas travel 17:27

     Entertainment:
    Ryan Coogler insisted he didn't turn down an invitation to the Academy of Motion Pictures Arts and Sciences "out of animosity" 17:20

     Entertainment:
    Chase Infiniti has joined Louis Vuitton as a brand ambassador 16:50

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