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27 Dec 2025 19:18
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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

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     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
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