Treasury takes advice
PA Wellington The Treasury has contracted South Pacific Merchant Finance, Ltd, to provide advice on the management of the Crown’s financial assets and liabilities, the Minister of Finance, Mr Douglas, has said. The contract represents a further step in a series of moves over the last two
years to enhance the efficient management of resources controlled by the Government. “Since the New Zealand dollar was floated in 1985, overseas borrowing by the Government has been based on refinancing existing foreign currency liabilities on more favourable terms,” Mr Douglas said.
“The Treasury has been managing existing liabilities to reduce risk and minimise long-term costs. “However, the rapid evolution of financial markets offers the potential to manage the Government’s net liabilities in the same way that corporate treasurers do,” he said.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19870213.2.72.6
Bibliographic details
Press, 13 February 1987, Page 7
Word Count
132Treasury takes advice Press, 13 February 1987, Page 7
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.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in