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9 Jan 2026 10:26
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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

    National:
    Greenland is rich in natural resources – a geologist explains why 10:16

    Living & Travel:
    Your dog’s dinner could be worse for the planet than your own – new research 10:07

    International:
    Donald Trump's comments about Greenland were once seen as a joke. Greenlanders are no longer laughing 10:07

    Rugby League:
    The number of coaches fired during the course of the current season in American football's NFL is up to eight 10:06

    Environment:
    Solar to the fore as grid sails through heatwave and record demand 9:57

    Entertainment:
    Eddie Murphy left the 2007 Oscars ceremony early as he didn't want "sympathy" for missing out on the Best Supporting Actor award 9:53

    Environment:
    A deep, magnitude 5.4 earthquake has struck the lower North Island, in south Taranaki 9:27

    Entertainment:
    Marisa Abela finds it difficult to separate emotions from her acting work 9:23

    Environment:
    A sweltering weekend's ahead for many parts of the country - and Fire and Emergency's warning the risk of fires and wildfires is high 9:16

    Health & Safety:
    Expressions of interest close today for a new Primary Care Pathway for medical graduates 8:57


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