Clarification: Payment to ‘The Limery’ is a loan, not a
grant 13 JUNE 2019
On Wednesday the New Zealand
Taxpayers’ Union issued a statement about the Provincial
Growth Fund’s $355 million loan to ‘The Limery’ in
Wairoa.
The introduction of our statement called the loan
a ‘payment’, which could lead some to believe it was a
grant rather than a loan to be paid back. Management at The
Limery has asked us to clarify that the payment was indeed a
loan.
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