CLAIM BY P.M.

Press, Volume CI, Issue 29952, 13 October 1962, Page 12

CLAIM BY P.M.

Confidence ; In N.Z.

<< (N.Z. Press Association) ' WELLINGTON, ~ Oct. 12.

The Prime Minister ’(Mr Holyoake) today .-.claimed that the Gov--ernment’s policies and Tactions had helped increase overseas con"fidence in New Zealand’s economic stability and future development. The Budget had been widely regarded overseas as ’sound and imaginative.

Actions such as joining the World Bank were considered ft have contributed towards an atmosphere which was encouraging to both private investment and investment in Government loans, Mr Holyoake claimed “This confidence was further demonstrated by the heavy over-subscription of the recent £lO million London loan." he said. Holyoake. speaking at tpuestion time, said he had Heard no suggestion while overseas that the Government's actions had inhibited overseas investment here. He told questioners he reached this view after meeting “quite a number' off manufacturers’ groups. Nir A. J. Faulkner (Opposition. Roskill): Did this favourable reception include a visit to Smith and Nephew. Ltd? fc Mr Holyoake: No. Ferry At Picton c Picton berthing facilities ftr the Aramoana had proved satisfactory except in strong or gusty winds, the Minister of Railways (Mr McAlpine) told Mr R. D. Muldoon (Government, Tamaki). The need for improvements tyas being investigated by the Marlborough Harbour Board, he said. Enrolment Forms * A new improved form of application for enrolment would be available early next year for the compilation of the rolls for the next General Election, said the Minister of Justice (Mr Hanan). J Answering Mr Faulkner, Mr Hanan said that the form yould be prescribed by regulation. Size Of Classes tA drop in the size of school ejasses to 30 pupils was still years away, said the Minister of Education (Mr Tennent). He said smaller classes depended on staffing Sale Of Ship He could not disclose the Syjn received for the sale to a Canadian company of the former Antarctic supply ship RM.N.Z.S. Endeavour, said the Minister of Finance (Mr Lake), replying to Mr Faulkner. *“Mr Lake said it was Government policy not to disclose tenders.

Mr W A. Fox 'Opposition. Miramar': Another secret agreement. How does he Ime that up with the Prime Minister’s statement that he tt’lll take the public into his confidence? 7 Mr Lake: It is Government policy.