Salient. Newspaper of the Victoria University Students' Association. Vol 42 No. 13. June 11 1979

The Economy

The Economy

The other motion to be discussed at the meeting read that this SCR opposed the recent Government moves lifting price controls on sonic items and encouraging foreign investment in New Zealand. Predictably, there was fairly heated debate, one side coming down in favour of overseas investment, on the grounds that it assisted our own industries provided overseas funds and expertise, provided jobs and was generally a good idea. Against this, there were those who say that foreign investment is out and out exploitation, and quoted figures of the outflow of money from New Zealand in the form of company profits. These people were concerned that New Zealands resources are being used for the benefit of the overseas companies, not New Zcalanders. Victoria Quade seemed to sum the attitude of supporters of the motion when she said "We don't want to ban foreign investment, just to control it." This was the choice facing the meeting and the decision went in favour of the motion.

This was the end of the meeting, but it was a pity more people had not turned up, as it was a good example of SRC's potential as a forum for debate. Arguments from both sides were heard, which is what democracy is all about, and all I can say is come along next week and ensure that SRC continues to function as the democratic, policy making body of the Students Association.

Andrew Beach