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
28 February 2019
It's been revealed Treasury advised deferring the decision to loan Westland Milk Products Limited 9.9 million from the Provincial Growth Fund.
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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.