N.Z. AND I.M.F.
Government’s Plans (N.Z. Press Association) WELLINGTON, May 1. Although the government had no plans to send a Minister or officials to Washing, ton to gain further information about New Zealand’s application for membership of the International Monetary Fund and World Bank, such visits could not be ruled out, said the Prime Minister (Mr Holyoake) at his press conference tonight. "We are applying because it is the only way in which we can get information about the advantages of joining,” said Mr Holyoake. “We will then take the matter to Parliament and then make up our minds,” he said. The arrangements for a loan in London in the middle of the year still stood, said the Prime Minister, and if New Zealand joined the Fund and Bank there would still be alternative and supplementary sources of borrowing.
“If it is possible to borrow on better terms somewhere else, we would do so. If the conditions are obnoxious, you don’t have to accept a loan on those conditions,” said the Prime Minister.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19610502.2.138
Bibliographic details
Press, Volume C, Issue 29502, 2 May 1961, Page 14
Word Count
173N.Z. AND I.M.F. Press, Volume C, Issue 29502, 2 May 1961, Page 14
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.