PRESS DIGEST-New Zealand newspapers - June 20

WELLINGTON, June 20 (Reuters) - Following are some of the lead stories from New Zealand metropolitan newspapers on Friday.

Stories may be taken from either the paper or Internet editions of the papers.

Reuters has not verified these stories and does not vouch for their accuracy.

DOMINION POST(www.stuff.co.nz)

Overseas investors dump NZ shares: Overseas off-loading continued unabated yesterday in the wake of weakening international markets, forcing the New Zealand sharemarket beneath its 27-month low.

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Four loans may have crippled finance firm: Dominion Finance DFH.NZ may have been brought down by just four loans, thought to be worth up to NZ$20 million, that were not repaid on time, finance company analyst Chris Lee says.

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NEW ZEALAND HERALD (www.nzherald.co.nz)

Dominion investors angry as matured sums not paid out: Debenture holders in the two distressed Dominion Finance DFH.NZ subsidiaries are outraged their matured investments have not been paid out - something commercial law experts say could be in breach of the terms of the trust deed.

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Tui field's success heightens NZOG allure: The success of the Tui field for New Zealand Oil & Gas NZO.NZ has highlighted the company's appeal as a target for takeover and merger deals, analysts say.

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Carnage on sharemarket as global concerns hit home: A small rise for top stock Telecom did not prevent carnage among other top-10 stocks, with many sliding to their lowest point in years as global market concerns hit home.

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