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17 Aug 2022 23:34
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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.

    © 2022 Newstalk ZB, NZCity

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     24 May: From today, three cameras in Auckland will capture images of drivers - looking for mobile phone users
     18 May: Vodafone is also planning to appeal to the High Court over both the conviction and the fine
     08 Mar: Kainga Ora's chief executive has been called out over emails appearing to defend running an ad with a Labour candidate in it
     16 Feb: The Prime Minister's adamant, secondary schools shouldn't be preventing children from taking part in sporting activity, or any activity, if they're unvaccinated
     Top Stories

    RUGBY RUGBY
    NZR boss Mark Robinson is welcoming the elevation of Joe Schmidt's role within the All Blacks More...


    BUSINESS BUSINESS
    The biggest jump in median weekly earnings since records began ... haven't closed the gender pay gap More...



     Today's News

    Politics:
    The Prime Minister insists there's a way back into Labour's good books for Gaurav Sharma  21:49

    Entertainment:
    Michelle Branch has reportedly filed for divorce from her estranged husband Patrick Carney and is said to be requesting custody of their children and child support 21:42

    Christchurch:
    Cars at a scrap metal yard in Christchurch have gone up in flames 21:19

    Entertainment:
    Nicholas Evans, the much-loved writer of 'The Horse Whisperer', is dead aged 72 after suffering a heart attack 21:12

    Living & Travel:
    The Loop: Scott Morrison dismisses calls to resign, the NSW flood inquiry's urgent recommendations, and a dog's amazing cave rescue 21:09

    Entertainment:
    Johnny Depp is set to direct his first film in 25 years, about an artist who died broke 20:42

    Entertainment:
    The Duke and Duchess of Cambridge will reportedly not have their long standing live-in nanny at their new downsized home 20:12

    Entertainment:
    Anne Heche will receive an Honour Walk after being taken off life support nine days after she was critically injured in a fiery car crash 19:42

    Entertainment:
    Hollywood legend Gina Lollobrigida will run for Senate in Italy's election next month 19:12

    Rugby:
    NZR boss Mark Robinson is welcoming the elevation of Joe Schmidt's role within the All Blacks 18:59


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