Mr. Speaker, I have listened with some interest to the comments made by the hon. member.
We often hear this New Zealand example being given either by the opposition members or certain doomsayers of all kinds. If I am not mistaken, the population of New Zealand is three million and the active economy is not any larger than that of Alberta. I understand the process in what it had to go through in restructuring its economy and what not. If we look at the industrial and economic profile of New Zealand in comparison to Canada there is very little to compare except the debt figures that the hon. member would probably like to bring to our attention.
I would like him to give us a better description of what the realities were at the time in New Zealand versus Canada. Canada has a population ten times that of New Zealand with an economy which is closely linked to that of the United States and other western powers. We are a G-7 nation and we have a lot of things going for us than New Zealand had at the time.