Canal loan conditions queried
PA Wellington The Minister of Energy (Mr Birch) has been criticised for not detailing conditions of the $l5-million Government loan for the reconstruction of the Ruahihi canal. Labour's works and development spokesman. Mr Fraser Colman, said in a statement that taxpayers and ratepayers had a right to know to w’hat extent they were subsidising the reconstruction work. “What are the terms and conditions of the loan of $l5 million?" Mr Colman asked. He said Mr Birch should detail the terms and conditions of the loan: tell the public how the cost of reconstruction' will affect the economic viability of the project and tell them to what extent insurance cover will pay for the reconstruction. . “As a simple act of open government — especially when Parliament is in recess — the Minister of Energy should have explained these basic points of information," Mr Colman said.
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Press, 30 June 1982, Page 10
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146Canal loan conditions queried Press, 30 June 1982, Page 10
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