Offshore loans
North Canterbury farmers want their federation to investigate the possibility of borrowing money overseas on a group basis. Omihi branch delegates told a meeting of their provincial executive this week that borrowing money overseas would be in line with the Govern•■inent’s free market poli-
If farmers got together, billions of dollars would probably be involved. Interest rates in New Zealand were not coming down, but if farmers intended going offshore for finance as a group, local lending institutions might start negotiating better interest rates for farmers, suggested' delegates.
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Press, 29 August 1986, Page 14
Word Count
90Offshore loans Press, 29 August 1986, Page 14
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