FINANCE FOR EXPORTS
Disappointing Response Tire export development finance scheme, introduced in March along with term loans for internal development, has met with a disappointing response. according to the New Zealand Bankers’ Association Research Directorate. Very little of the £l.4m provided has been committed to date, partly because loans could only be made tor short periods, but also because the range of qualifying projects was rather narrow, the directorate says in its latest release Wider Scope “However, the Reserve Bank has now agreed to allow the trading banks to lengthen the period of loans and to widen their scope. This step is welcome and a significant libeller response from customers can be expected. “The trading banks can now entertain loan propositions for extended periods on a term basis for any project connected with the production. promotion, and sale of exports. “Shortage of finance should thus be no barrier to the expansion of exports.” the directorate adds.
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Press, Volume CII, Issue 30213, 19 August 1963, Page 16
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156FINANCE FOR EXPORTS Press, Volume CII, Issue 30213, 19 August 1963, Page 16
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