News | Technology
9 May 2024 13:55
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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.

    © 2024 Newstalk ZB, NZCity

     Other Technology News
     03 May: Kiwi golfer Ryan Fox is likely to miss the cut at the latest PGA Tour event in Texas
     27 Apr: Why it's getting harder to tell AI-generated images from the real deal online
     10 Apr: Nursing executives stood down pending investigation of 'potential financial irregularities'
     14 Mar: A high-tech upgrade for a ferry service plying a Fiordland lake
     03 Feb: Ignoring work calls and emails after hours could soon become a legal right in Australia as political momentum grows to ensure people can unplug and unwind
     10 Jan: Conversation is Key: Kiwi women favour chat skills in online dating, survey shows
     02 Jan: More and more drug users and dealers are taking to social media to buy illegal substances
     Top Stories

    RUGBY RUGBY
    Cameron Leslie, a multiple Paralympic champion and world-record holder, heads a team of five swimmers to the Paris Games More...

    BUSINESS BUSINESS
    The Finance Minister is heralding the Government's success at belt tightening - ahead of the Budget More...


     Today's News

    		 Politics:
    Fiji's former prime minister Frank Bainimarama sentenced to one year in jail after interfering in police investigation 13:47

     Health & Safety:
    A stark reminder bowel cancer isn't just associated with old age 13:47

     Rugby League:
    The Warriors aren't fretting about their tough NRL schedule despite their below-par form 13:47

     Entertainment:
    Emily Blunt has wanted to throw up while making movies with on-screen lovers who turned her off 13:45

     Business:
    The Finance Minister is heralding the Government's success at belt tightening - ahead of the Budget 13:27

     Entertainment:
    Al Roker took a break from the 'Today' show as his dog had to undergo emergency surgery 13:15

     Rugby:
    Cameron Leslie, a multiple Paralympic champion and world-record holder, heads a team of five swimmers to the Paris Games 13:07

     Law and Order:
    Ian Gelder, Games of Thrones, Torchwood and Doctor Who actor, dies aged 74 12:47

     Entertainment:
    Khloe Kardashian has told how she was left "devastated" by the reaction to the news she was expecting her son Tatum 12:45

     Cricket:
    Australian cricketer Travis Head has tried to explain this morning's extraordinary run-chase in the Indian Premier League 12:37

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