Grim outlook on 1976

Press, Volume CXV, Issue 33791, 13 March 1975, Page 5

Grim outlook on 1976

(Neu? Zealand Press Associationf AUCKLAND. New Zealand might enter “siege” economic conditions next year and people would have to adopt a simpler lifestyle to cope, says Mr A. 1.. Laidlaw, president of the Manufacturers' Federation.

While this might mean “digging- up the back lawn” for a vegetable garden and going without luxuries, people will still get through, and have a good way of life, he says. Speaking to the Retailers’ Federation conference in Auckland on Tuesday, he emphasised that people should still remain in jobs and that they would not go hungry. ; “We do not have to. go short of housing, clothing or | starve,” he said. i “We should not be short of things we need, but we will have to go without luxuries. We are broke and we simply cannot afford to spend more overseas.” , There was no need for a Lserious depression, however,

[ because New Zealand could , provide the principle needs of life from its own re- ! sources, including food. I Mr Laidlaw said the Gov- , ernment’s economic strategy banked on a rise in the price [ of main exports by the middle . of next year. i But Mr Laidlaw does not [think prices will rise because he does not believe the *; American and British markets will improve. ' Archery. — Dave McAuley [proved the most accurate shot >iat the Christchurch archerv .[championships. Results were:— McAuley, 769 points, 1; A. Drost, 742 2; W. McClare. 714. 3 t Junior: Sharon Creek. 448. 1. [ Chess.—The Russian grand- . master, Paul Keres, has won J the international chess tourna- ) ment in Tallina, Estonia, scoring lOa points from a possible of j!5. Boris Spassky (Russia) was * I second equal with F. Oiaffson , I (Iceland).