Page 3 Advertisements Column 1

Press, 12 August 1978, Page 3

SKI SALE 30% OFF ALL BOOTS ! 20% OFF ALL SKIS, BINDINGS, CLOTHING NOW AT COBERGERi 15 CRANMER SQUARE PHONE 795-174 v

Lets face it: New Zealanders have had a pretty rough ride over the past few years. Inflation has § -1 ■ eroded our spending power, wage restrictions have been imposed, unemployment has risen ■ Jjwj'Z- ’ ’. >’ and strikes by militant unions have been frequent occurrences as their leaders fought for a < bigger share of a smaller cake. '' & t These difficult problems of the past years all began with the Labour Government’s last V term of office. !n three short years they managed to almost wreck the New Zealand <• economy. Their Government created an artificial boom by spending $1,200 million a year more than it was receiving in taxation. As demand soared and inflation was rampant they x •>' permitted import costs to exceed overseas earnings by $l,OOO million. ’ ’’ ' But in November 1975 New Zealanders had their chance and reactedtothat irrespon- |>WF < — W sible Labour Government by sweeping National back into office in record numbers. wjS| , r - National promised to restore New Zealand’s shattered economy but we warned that it YflHr wouldn’t be easy. And it wasn’t. For three years we have had to face some unpleasant ’ ’ ;' $ * medicine and severe hardships. . TWKwK ’ But now the signs of recovery are evident The Inflation rate of almost 16% in 1975 has V ’ dropped to single figures. Government spending has been dramatically reduced and imports ~ & are now less than the value of exports. Record personal tax cuts and increased benefits * ■ f have been announced in this year’s budget coupled with manufacturers’ incentives to in- ' -' ■ ' > crease exports and for farmers to increase their production. These moves will make a (wEDDF positive contribution to an improved standard of living for everyone. j. 1 .■ /1 Now that National has placed New Zealand firmly on the road to economic recovery we A 1 can all go forward together and help make it a better place to live in. V. • pLet s face it, National is the only choice for Government. ip '* David NxlflON4L Watson forYALDHURST MmBIFW N.Z. Nat dm! Party P.O Box >2l. O r stcH ><