Sale of assets
Sir,—“The Press” on Septemoer 15 reported Mr R. Douglas as saying that well-established businesses such as Petrocorp, D.F.C., the Railways, Shipping Corporation, Bank of New Zealand, Air New Zealand and the Tourist Hotel Corporation had cost taxpayers a net SISSM in the past five years. Mr R. Prebble, when addressing Labour Party members in various centres throughout New Zealand, said exactly the same as Mr Douglas. It is common knowledge that the Railways has had huge losses in recent years and it is equally common knowledge that the Bank of New Zealand and Air New Zealand (except perhaps in years when aircraft have been purchased) have made handsome profits. So that the public could be better informed on these issues, would Messrs Douglas and Prebble through this column advise just what profit or loss each of the above businesses has had over the past five years? — Yours, etc., P. S. CUNNINGHAM. October 1, 1988.
[This letter was referred for comment, but there has been no reply.]
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19881110.2.77.2
Bibliographic details
Press, 10 November 1988, Page 12
Word Count
169Sale of assets Press, 10 November 1988, Page 12
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