NZ First to pay it back

October 27th, 2007 at 1:10 pm by David Farrar

At long last, a year or so after other parties agreed to pay it back, NZ First has explicitly stated they will pay back the $186,000 of illegal expenditure.

But get this.  Their latest excuse for why it has not already been paid back is that the money is in a term deposit which only matures in November.

Hello, it is the simplest thing in the world to break a term deposit.  The only penalty is you gain less interest.  So really what NZ First are saying is we wish to continue to earn money on the $186,000.

When they finally do pay it back, I will calculate what the interest should have been.

Incidentially United Future are yet to pay all of their illegal expenditure back also.

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