ENZA Agreement Welcomed, With Caution
Wednesday, 15 August 2001, 5:39 pm
Press Release: ACT New Zealand
ENZA Agreement Welcomed, With Caution
Wednesday, August 15
2001
Owen Jennings
Press Releases -- Rural
ACT Rural Affairs Spokesman MP Owen Jennings is pleased an
agreement has been reached over the repayment of ENZA's $54
million foreign exchange debt.
"This will be a great
relief to the many growers who are under severe financial
stress.
"However, I am concerned by the caveats on the
agreement - especially regarding what the Apple and Pear
board's determination will ultimately be, and ENZA's
requirement for the agreement to be contingent on them
putting funding arrangements in place.
"It is evident that
ENZA is leaving a door open, which ought to be of concern to
the industry at this late stage. It is unthinkable that they
haven't put together a financial package before now," Owen
Jennings said.
For more information visit ACT online at
http://www.act.org.nz or contact the ACT Parliamentary
Office at act@parliament.govt.nz.
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