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27 Dec 2025 9:00
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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.

    © 2025 Newstalk ZB, NZCity

     Other Technology News
     24 Dec: Epstein files email reveal 'A' at 'Balmoral' sought 'inappropriate friends' from Ghislaine Maxwell
     21 Dec: Who's named in the Jeffrey Epstein files and who else was he connected to?
     10 Dec: Hustle, muscle and grift: how the manosphere has grown into a money-making machine
     04 Dec: How the internet became enshittified – and how we might be able to deshittify it
     01 Dec: Business as usual is expected at Air New Zealand and Jetstar today - after warnings solar radiation could interfere with onboard computers on Airbus A320 aircraft
     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
     Top Stories

    RUGBY RUGBY
    Blues recruit Pita Ahki feels he's wiser and more experienced for his time in the Northern Hemisphere More...

    BUSINESS BUSINESS
    You may not be entitled to a refund if you change your mind this Boxing Day More...


     Today's News

    		 Entertainment:
    Rob and Michele Reiner "thought they had more time" to help their son Nick 8:50

     Entertainment:
    Corey Feldman has denied accusing Corey Haim of molesting him 8:20

     Soccer:
    Newcastle manager Eddie Howe is dismissing their recent dominance over Manchester United ahead of their Premier League football match at Old Trafford this morning 8:16

     Sailing:
    Line-honours favourite Comanche holds a commanding lead after a rough first night in this year's Sydney to Hobart yacht race 8:06

     Boxing:
    A wild Boxing Day fixture in football's A-League 7:56

     Entertainment:
    Gisele Bundchen has married Joaquim Valente 7:50

     International:
    The 'Epstein Files' reveal how Ghislaine Maxwell helped pull young girls into a paedophile's web 7:46

     Wellington:
    A person has serious injuries after a crash near Wellington's Petone 7:46

     Basketball:
    A mixture of pride and relief for Breakers coach Petteri Koponen after a crucial win in basketball's NBL 7:36

     Politics:
    Today in history, December 27: Benazir Bhutto assasinated at election rally by teenage militant 7:36

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