ut man charged A 20-YEAR-OLD West Vancouver man faces charges of break and enter and possession af stolen prop- erty under SE000 following: his arrest by West Vancouver Police on Jan, 13. Police officers responded to an alarm call in the 200 block of 16th Street and found a plate glass win- dow broken at a business. Shortly after finding the brokea window a police investigator stopped a car seen leaving the area ina nearby alley. The officer noted that a passen- ger in the rear of the car had fresh cuts on his hand. The officer recovered property from the car allegedly taken from the store, Two others in the car were released by police without charges. NHA Mortgage- -Backed Securities 5-Year Term ° Monthiy Income , & Liquid MIDLAND “WALWYN BLUE CHIP THINKIHO™ ™ BLUE CHIP THINKING is a trademark ‘of Midland Walwyn Capital Inc. * Rates ~ as of Jan. 17/95, Subject to change and availability, CIBC closed pool \. #99006744, maturing 01/Jan./00- Call Kathy Sager . Vice President Financial Advisor 604 925-5552. Advertorial — a Ted White, M.P, #302 1200 Lynn Valley Rd. North Vancouver V75 2AZ Telephone: 666-0585 Fax: 666-0509 ‘MORE FROM MR. LANGE ‘.- Last week 1 wrote about my meet: “ing with the Rt. Hon, David Lange, who was Prime Minister at the time of the ‘New Zealand debt crisis in 1984. Mr. Lange talked about the blurring of “left” and “right” wing policies in modern pol- -Itics, and the tough fiscal decisions that had to be made following the debt ‘crisis, He also tofd me that our mas- sive debt and deficit problems could .easily lead to a similar debt crisis in Canada: - : His 1984 “ieft wing’. government -had no option but to dramatically cut government spending, sell off crown “corporations, overhaul social ' pro- grams and cancel union collective bar- “gaining rights. A decade later, New Zealand has a diversified free’ market economy competing in the global mar- ‘ket place. Exports now include plastic - ‘bottles to Japan, wooden boxes to the USA, mozzarella cheese and ham- burger beef to the USA and Canada, ‘furniture to Singapore, metal castings ‘to Taiwan and aircraft parts to Boeing in Seattle. ! FREE MARKETS Mr. Lange represents the LABOUR Party, yet firmiy believes that it takes a _ FREE MARKET ECONOMY to gener- ate enough private sector wealth to support social programs. He also believes that social programs should be. reserved only for those who truly need them, at levels which discourage ‘dependence on the state. A supporter of free trade, Mr. Lange says that the countries with the ‘smallest economies benefit the most from such. agreements. The NDP shottd be embracing NAFTA accord- ing to Mr. Lange. He even gave a ‘speech to that effect at an NDP meet- tng in Canada a few years ago. - | io 4t'should ba obvious that a country of 25 million people is going to experi-- ence a tremendous benefit from open. “access to a market of 250 million peo- | ple” he: said.” He. pointed: to’ United ’ States initiated trade disputes as proof that NAFTA -is working la, Canada's .. favour, saying that the USA is actively trying to slow down our penetration of - their market. BETTER THAN EXPECTED Mr. Lange told me that two aspects of the movement to a free market economy in New Zealand worked bet- ter than predicted. Farmers adapted” much more quickly than expected to the elimination of farm subsidies by switching to products they’could sell on the world market, and there was widespread support for re-organiza- tion of the’ education system to be more efficient and accountable. WORSE THAN EXPECTED Two things did not work well. In Lange's words, the claw back of retire- ment benefits “was a shambles which was enormously detrimental to the support we needed to get the job done” Secondly, the program for selling crown assets became a problem because the only way to realize the true worth of state enterprises was to sell them on the open market to the highest bidder. Unfortunately, the pool of available capital within New Zealand was too small, so most assets ended up being purchased by foreigners. This was good for cash flow, but there was a big political price to pay for “selling off New Zealand to foreigners” _ even though major benefits came with * the foreign investment. In retrospect it may have been better to sell off the assets for the highest possible price within the country. The assets would have sold for less than their true value but there would have been more pub- lic support for the program.: SOME ADVICE lasked Mr. Lange for the one piece of advice he would give the Canadian Government if he truly believed that “our Prime Minister would listen: His” § answer: “Precipitate a crisis ... a’ man taking antacids for stomach pains will “only demand a cure when the doctor tells him he has a tumour” celal te te oe ene e} ‘For the same amount of money, you could be. adding bytes to a brand-new, fully loaded computer, cruising down the info—highway. Plus have enough money left over to drive home with a laser printer! A smoke free cormmunity — that's a real virtual reality. NORTH SHORE | HEALTH WEEKNIGHT SHOPPING OPEN "THE eB 9:00Pm * TO FRIDAY The Better Prices Mall SATURDAY: 9:30 - 5:30": SUNDAY: 11:00 - 5:00. t ‘|