; JOll£

Embarrassed by the rapid dwindling most mines are now closed. 'I'he only
of New Zealand's overseas funds,the remaining mines are the Liverpool
Government has been tempted to sell No. 3, a few private mines in the
the Mt Davy coal to the Japanese. Rewanui area, and the Strongman
While earning' foreign exchange It State mine on the coast north of
is economically disastrous, requir- Runanga.
ing large amounts of taxpayer's There is approximately 30 million
money to underwrite the project. In tons and an estimated recoverable
fifteen yearIs'time, the 200 men 7.5 million tons of high grade Papa-
employed on the scherne will be out roa coking coal in the Mt Davy block.
of work, and prospects for long- The coal is in three seams of high-
term industry on the coast will be to-medium volatile , high grade coal
greatly lessened, for the Paparoa which is-"Similar to that of Liverpool
90al, key to future West Coast grade (a high-swelling, coking coal
regional development, will have long with a low-sulphur, low ash, high
gone to Japan's steel furnaces. carbon content). Mining will be
The Mt Davy coalfield lies 10 undertaken by the N.Z. registered
~ i l e s from Greymouth on the Rewanui company, West Coast Resources Ltd.
railway branchline. Mt Davy forms Although N.Z. registered, West
part of the Greymouth coalfield, one Coast Resources is largely foreign
of the oldest and best known in N.Z. owned. ATAKA, a major Japanese
Discovered by Thomas Brunner in 1848,corporation, holds fifty per cent;
this coalfield produced some 30 mill- N.Z. Forest Products, itself approx-
ion tORS of coal after the goldrush imately 25% foreign-owned, holds
years. Due to increased competition another 40%; the balance of 10% is
from oil in the last twenty yeaL3, held by Odlins. Thus, investment in
Already the Government has admitted
a possible reduction in the capacity
of the proposed West Coast coal-
fired power station. Due to be com-
missioned in 1983, its capacity seems
likely to be reduced from 480 MW to
400Mw because of uncertainty in the
amount of coal available. Blending
of high-grade coals with low-grade,
coals would mean that a far greater
range of coals would be usable in
west Coast Resources
vestors is nearly 60%.
QUALITY: The N.Z. manager of ATAKA,
has sa.id "Greymouth bituminous coal
is the best quality in the world for
steel making purposes because of its
low sulphur content and unbelieveably
low ash content." The director of
the N.Z. Geological Survey in 1965,
Mr R.W. Willet, described the Brunner
Mt Davy block as "the only field in
New Zealand from which coal suitable
for gas making is produced. Also,
the field contains the only signifi-
cant source of coal suitable for the
manufacture of metallurgical coke" -
that is, the coke used in smelting
of metals. With the Japanese Govern-
ment's stringent air pollution laws,
which do not allow imports of high
sulphur content coals, Mt Davy coal
is even more suitable and all the
'c FUTURE SOlD FOR $40' the more reason it is worth more for
u < " per TON
This all seems to suggest t h a ~ t h e N e w Zealand to keep it for its own
Government has back_ed down on its uses.
stand on foreign ownership of N.Z. 's
natural resources (see elsewhere). PETROCHEMICAL INDUSTRi FOR THE COAST
The Government seems pre1(ared to sell In a recent statement Mr P. Blanch.
to sellout N.Z. 's future to overseas field (govt West Coast) stated:
buyers for the sake of foreign ex- "Deriving oil and by-products
change today. including plastic resin from our huge
coal reserves would arlow this coun-
try to thumb its nose at oil barons.
New Zealand was sitting on a mountain
of coal that could be put to good use
A recent statement by West Coast in producing our own supply of oil.
Resources stated; One of .the by-products would be resinE
"After three years of prospecting for making the base for plastics
by Japanese experts, studies of pros-currently in very short supply all
pecting records, and consultation over the world.
with officers of the N.Z. Mines
Dept, investigations reveal the ex-
istance of 7 ~ million tons of recov-
erable coal suitable forfue manufac-
ture of metallurgical coke which is
used principally in the manufacture
of iron and steel."
Earlier the Tokyo Press stated
that "The survey confirmed the pres-
ence of an estimated 22.6 million
tons of high grade coal." ATAKA
and Co. when asked to confirm this
declined to do so.
200 J0BS - BUT FOR
The Mt Davy scheme also goes
under the wafer-thin banner of
ional Development. More
tion" than "development" the scheme
I ._ .
will be merely perpetuating the soc-
ial and economic boom-bust develop-
ment that the West Coast suffers from West Coast Resources state that
already. there will be employment for up to
200 people. However, due to the
highly mechanised methods of coal
extraction to be used, many of these
jobs are to be for managerial staff,
In talks with a nurnber of people most (if not all) of whom would come
on the West Coast recPY'\tly, CAFCINZ from outside the region and from
found that the majority of people overseas. West Coast people would be
spoken to are against the Govt's expected to fill the vacancies for
short-sightedness. Rather than see office workers, labourers, -and' min-.
the resources of the West Coast plun- ers. This does little to the
dered and sold to overseas buyers, school leavers looking for permanent
they would like to see more permanent employment with opportunity to learn
industry established, thus ensuring and develop skills.
long-term benefits for their child-
ren and guaranteeing the future of IN A NUTSHELL .•.
the Coast. * exporting Mt Davy coal will pro-
CAFCINZ suggests that the Govt vide up to 200 jobs, but for 15 years
should take a more responsibleattit- at the outside
ude than its present * this coal can provide the West
damned policy.. Rather Coast with long-term industry and
foreign companles wlth JUlcylncent- employment if it. is used in NZ
ives to set up "here today, gone to- '" selling the coal overseas provides
morrow" industry, the Govt should only short-term economic relief. In
cater for people's needs before the long run, NZ loses out heavily.
company profits.
this power station. Exporting these
low- sulphur coals elirni.nates the
opportunities for blending, making
it more difficult to use high-sulphur
.coal reserves. With the uncertainty
of oil supplies and their price, NZ
should be looking toward the greater
security of the coal-fired power sta-
tions to supply our future energy
NZ must also consider the manu-
facture of her own metalurgical coke.
The cost of importing 4000 tons to
meet the demands of local foundaries
currently costs up to $500,000 in
foreign earnings, which could well
justify the establ,ishmyn): of a West
Coast coke-manufacturing ]9lant.
if her suitable coal is not sold to
been Dlad0 i.hat a Dlcta-
Lndu:-:.:-;try to be
ttlC ordc f 20,000
y, to be economi.-
Paper on. Coal)
be compar ed to
ement of

is tCi
C J,airns
Several years ago, metallurgical
coke was being produceG in Chch at a
rate of 400 tons a month. Of this,
exports to the Pacific Islands amoun·"
ted to nearly 25%. The cost was $35
per ton, compared with $106 per ton
for coke imported from Australia.
4,000 tons
11u'{'gic2Jl k
f 0 f

Smokeless Fuels Ltd, the company
producing the coke, was a wholly
owned subsidiary of the Union Steam
Ship Company, which in it's turn is
largely owned by Thomas Nationwide
Transport of Australia. ClearlY
showing the manner in which foreign
control operates, the USSC announced
the closure of Smokeless Fuels as it
was "NO LONGER ECONOMIC". In actual
fact, the USSC wanted to sell the
acres on which the factory stood.
They had also been hit with the clo-
sure of the Paparoa Mine, main sourcl
of their coal requirements.
West Coast Resources estimate
that they will spend about $l7m to
develop the Mt Davy coalfield.
If this is so, N.Z. will prob-
ably be providing well over half the
capital to get the scheme underway.
Estimates vary, but according to the
Greymouth Star (7 April 1975) the
N.Z. taxpayer will have to provide
$17m for new railway wagons and
$15m at least for up-grading the
Christchurch - West Coast
railway line;
$5m for port.bulk loading facil-
plus S.A.e. loans for housing.
At the time, the then National Eddie Isbey, Transport Under-Sec-
Govt said that "work was continuing retary, has confirmed that. transport
to find a suitable coal source for of coal will be by an up-graded rail
the factory:' Mt Davy coal is ideal, way line. The government's White
causing the National Govt to plan a Paper on coal has recommepHed
100,000 ton reserve for N.Z. use. loans to coal-mining companies to
At present rates of use, this re- help recruit their workforce.
presents less than 20 years supply, Once again, the N.Z. people are
but leaves little room for expansion being asked to pay the lion's share
in N.Z's matallurgical industry. to ensure businessmen's profits,
N.Z. has the potential to produce both here and overseas. IS THIS
her own coke in small-scale plants - rAIR ON THE NEW ZEALAND PEOPLE?
The main driving force behind West
Coast Resources Ltd's to export
Mt Davy coal, is ATI\KA & Co Ltd of
Osaka, Japan. 1\J though hoJdinq only
:50% of Wes·t Coast Resourc es
(New Zealand Forest Products and
OcUins hold the rest), ATAK2\ domin-
ates the partnership. ATAKA intends
to blend Mt Davy coal with up to nine
times that amount of Australian
brown coal (a low-grade coal, but
there is plenty of it) and use it
all EO' reduce Australian iron ore
in Japan. Not only are both the
Australian mining operations being
by ATAKA, but the iron ore
furnaces in Japan are also owned by
ATAKA. In all probability, this
steel will be used by ATAKA itself
in one of its steel mills about the involved in the beech scheme in the
world. Mt Davy is a project for the future. Sumitomo Chemicals also owns
sole benefit of ATAKA. 25% of the Bluff aluminium smelter _
ATAKA is everywhere: main branch yet another controversial resources
offices operate in Hong Kong, Singa- project (this time power). Yet an-
por.e, "the 'Phillipines, Taiwan, New other. branch of the firm, Sumitomo
York, Los Angeles, Canada, West Ger- Metals Industries, forms part of
many, Britain, Thailand and Australia.the Japanese consortium involved in
In New Zealand alone they have • New Zealand's ironsands exploitation
offices in Auckland and Mt Maunganui.' and export.
Others, most likely, exlst also. The Sumitomo Group is among the
Its New Zealand manager, when asked top three of Japan's conglomerates,
what ATAKA is involved in, replied making it one of the biggest concerns
"Everything - from chopsticks to in the world. In 1972, the Sumitomo
'spacecraft." which gives some' idea .,',Group totalled 115 companies (includ-
of ATAKA' s size and world.,..wide;,s.ci:!:1e. ing allied and loosely allied ones) "
Although ATAKA is a multinational with involvement in everything from
in its own right, it is in fact chemicals to mining to banking.
part of the collosal Sumitomo
conglomerate (zaibatsu), one of the
largest conglomerates in Japan: the
same Sumitomo which is involved in
that other controversial West Coast
project - the Beech scheme. Sumitomo
Forestry is a partner in one consor-
tium that has tended for the beech,
and Sumitomo Forestry - Oji Paper
Company is a partner in a second
consortium which tended. The third
consortium includes ATAKA's Mt Davy
partners, N.Z. Forest Products and
Odlins, so ATAKA could also become
ing among its New Zealand-
Sumit,omo is in er3 fought, and died in a war to
uranium ore from South (incl- Lhe establ.iE;hment of a Japanese empi
udinq Namibia/South-West Africa) in empire·» thE; Japanese have since dis-
blatant violation of United Nations covered that peaceful methods work
Security Council Resolutions - thus better in establishing Lheir once-
Sumitomo aids the oppression of the thwarted Co-Prosperity Sphere. New
Blacks, and provides more profits" for Zealand is rapidly being peacefully
.the White minority South African absorbed inte Japan's economi c empire
regime. Collectively I the zaibatsu wit:h New Zealand' c; resources beinq
'wield the greatest economic power in exploited for ;Japanese needs, not
-Japan f and operate throuqhout the ours The t irrv:0 for action .i::; now!
goes to foreign-controlled companies
Some people claim foreign invest-
ment helps our economy, but these
people either don't realise the bad
effects it has or else ignore them.
The growing foreign control of our
economy has very serious consequences
for the New Zealand people, so lets I
have a look at some of these consequ-
ences. I
"Japanese Fishing Company Estab-
lished." "American Corporation Pros-
pects for New Zealand Copper." Every
day our newspaper headlines shout out
the same story: the story of the
taking over of New Zealand's economy
by the huge multinational companies
of Japan, America, Britain and Aust-
ralia. Today, no less than 30% of
all company income in New Zealand
profits. Again, let us look at
Comalco as an example.
To provide the enormous quantit-
ies of power demanded by Comalco,
the New Zealand Government had Mana-
pouri built using taxpayer's money.
The price paid by the New Zealand
taxpayer, to date, includes
- more than $100 million for the
Manapouri power scheme and the
power line from there to the
- $3 million for the specially-
built road to Tiwai point,
- $4 million for improvements to
Invercargill's harbour,
- An unknown price which is, in
effect, a subsidy enabling
Comalco to get power at only
one-tenth the price the rest
of New Zealand pays.
In other words, New Zealanders
have actually paid out more money
for Comalco to establish itself here
than Comalco did itself!
There are many ways foreign in-
vestment costs New Zealand a great
deal of money. Firstly, profiffimade
by the foreign companies do not stay
in New Zealand; they go overseas.
Foreign companies are owned by ex-
tremely wealthy businessmen who are
foreigners, not New Zealanders: they,
and not New Zealanders, get the pro-
fits, even though it is New Zealand
workers who create these profits.
Unfortunately, foreign companies
are not content to just take their
profits out of the country. In
addition to this, every year these
multinational companies cheat us of
hundreds of thousands of dollars by
avoiding taxation.
"TRUTH" reported that "the Inland
Revenue Department has clamped down
on what is probably the biggest fin-
ancial scandal in New Zealand history.
Over the years, overseas companies,
by manipulating the profits of their
New Zealand subsidiaries, have
cheated the Government and people of
this country of millions of pounds of
tax". (2/11/65}.
This financial scand«l aontinues
today. Just one example is Comaleo's
aluminium smelter at Bluff. Comalco
is one of New Zealand's biggest in-
dustries, consuming no less than
28% of all the electric power used
by the country's industries and
businesses. And just how much has
this industrial in tax?
In" three years, they have paid only
$14,000 in tax! And in the first
two years they paid NOTHING AT ALL!
While avoiding taxes and faking
the profits earned by New Zealand
workers out of the country might
seem costly enough to the people of
New Zealand, the cost goes even
higher: the New Zealand Government
actually gives financial help to
foreign companies to help them make
... 1JO
What does this mean? It means that
During times of economic diffi-
culty, the Government makes it hard
for both people and businesses to
borrow money by using credit controls.
If New Zealand firms cannot borrow
money needed to expand, they often
cannot increase production, possibly
even cutting production back.
Multinational companies, however,
face no such difficulties. Credit
controls imposed by the New Zealand
Government have no effect on them.
They can easily get credit from their
head office, branches and banks in
other countries.
The more foreign companies dom-
inate the New Zealand economy, the
less independence New Zealanders'
CONT'tJUe.O orJ PA6o€ 11
in times of economic troubles, New
Iealand businesses are at a disad-
vantage to their overseas competitors.
They must curtail production in-
creases, allowing the multinationals
to snap up even more of the New
Zealand market. Worse still, some
New Zealand firms will not survive
and will be bought out by their huge
foreign competitors.
In other words, foreign investment
now means an even greater foreign
control of our economy in times of
economic crisis.
New Zealanders need industries
that provide stable jobs for its
workers, something foreign-owned
companies cannot provide. Foreign
investment is a constant threat of
Foreign companies do not invest unemployment for New Zealand workers.
in New Zealand because they like us, Foreign investment means job uncer-
nor because they want to do us a tainty, The more our economy is
good turn by providing New Zealanders owned by foreign companies, the
with employment .. They invest simply harder it will be to maintain full
because it is profitable for them to employment in New Zealand.
do so. Any industry set up in New
Zealand will only be kept going
if it makes profits. As soon as the
foreign company has economic diffi-
culties, they will, without hesita-
tion, close 90wn their New Zealand
A recent example of this occurred
in Australia. Faced with less de-
mand for its cars, General Motors
suddenly and without warning closed
down its Australian plants. The re-
sult was thousands of Australians
unemployed at a time when it was
extremely difficult for workers to
find other jobs.
JD ? ~ !X>WI0 ... ..
"The purpose of NZ policy on
fore.i.gn investment should be to permi t
all reasonable and necessary develop-
ment of the country's resources, while
nc! for New Zealanders the
enjoyment and control of these resour-
ces. rJ
- 1972 Labour Party Manifesto
Foreign de\7eloprnent of Ht Davy is
neither nor necessary 1 and
n":-tf\lZ controlled e
Every dollar earDEod by a foreign-
owned company not remitted overseas_.
in profits, is re-invested in NZ. All
building,s, factories, and plant built
with these foreign profits made here
in NZ rema.in the property of these
foreign The foothold of
foreign es grows every day,
every week f e'Fc:rj' month
- Mr Rowling, P.M.
Big talk, Mr Rowling. But how can
exporting Mt Davy Coal be of long-term
benefit? Tell the truth, Mr Rowling:
Mt Davy will build up overseas funds
but at the expense of future generat-·
ions. It is selling tomorrow's resour-
ces for a quick dollar today.
The Comalco smelter consumes 10%
of NZ's total electricity. The Labol:r
administration has made no attempt to
restrict power to Ccnnalco, and instead
has chosen to introduce winter power
cuts on the people. The multi-nation-
al company Comalco has established a
major additional foothold - the prin-
ciple that its profits come before
the welfare of 3 million people.
"I am not aware, just thinking thro-
ugh at the moment, how someone might
be able to present a case where a
multinational (company) has been given
an additional or new foothold under
the present administration."
- Mr Rowling, P.M.
"The present administration does not
believe in a shut-out of overseas cap'-
ital as such, but it does believe that
any overseas capital flowing into the
country should be flowing in a way that
will be to the long-term benefit of
the country and the' people living in

have to decide their own foreign
policy. Canadian companies, for
example, were forbidden by their
U.S. Head offices to export, to Cuba.
In other words, Canadians had no
~ 3 a y whether or not they could trade
wit.h C u b a ~ That decision wasmad,e
in Washinqton! Canadians had no
choice 1::0 obey -'che commands
of the American companies.
The multinational companies can
have a similar influence over our
internal policies. The more they
control our economy, the more pres-
sure foreign companies can put upon
our Government to introduce policies
they like, and to stop policies the·y
An example of this kind of pres-
sure occurred in Britain, where some
foreign companies closed down their
factories and rebuilt them on the I!.!J
Continent, simply because they dis-
liked the policies of the Labour
New Zealanders have the riqht to
make their own decisions! Foreign
investment weakens that right: The
more foreiqn investment we have,
the more New Zealand independence
is attacked and destroyed:
The availability over the next 10-
20 years of new sources of energy r
NZ was brought out strongly at the
2nd NZ Energy Conference, held at
Canterbury University from May 22_24.
The sources included wind and solar
energy, but more importantly for NZ
at the present, the use of our coal
reserves, and our potential in small
hydroelectric stations. Equally im-
portant - but not as thoroughly dis-
cussed - was the rational use of the
available energy resources. One such
rational use, showing great promise
overseas, was District Heating, poss-
ibly using energy which would other-
wise be wasted. What was not dis-
cussed was who should have first
priority for the energy available,
and whether our present profit-moti-
vated system of energy use could ever
lead to the energy saving that every-
one present - from conservation ists
to oil company representatives -
paid lip service to.
A session on uses of coal showed
that gas and petrol-substitutes from
all grades of coal were realistic
propositions within the next two
deca.des. To sell our coal to Japan,
when it could provide the means to
make us independent of imported oil,
is clear stupidity. And we are not
particularly rich in coal. At app-
roximately 1,000 million tons total,
our reservesper head of population
are less than a tenth of those of
the U.S.A.
The use of Maui gas to generate
electricity was criticised on seve-
ral occasions as highly wasteful.
It is better used directly as a
high grade fuel, or alternatively in
a petro-chemical industry, as is now
being hinted at by the Government.
The only reason the Government is at
present planning to use it in power
stations is to guarantee a mass
market for the gas. If this had not
been guaranteed, the oil companies
who discovered the gas (the Shell-
BP-Todd Consortium - one of the
sponsors of this conference) were
threatening to either sell the gas
overseas or not develop the field.
Over 200 people, from Universities,
Government Departments, business and
various environmental organisations,
participated in the conference. But
papers presented were all from the
first three groups, with business
ism ()f them - on at least one occa-
dO\\!Tl t=.:O(:: clYlC] i
one of their critics.
The chairman of Australia's top
profit earner, Conzinc Rio Tinto of
Australia Ltd, has said that,
He did not think that business
wasin business to make a profit."
Chch Press, 7/6/75
tIle Envi.ronrnent.a.l De.fc;Dce
Society and CAFCINZ distributed leaf-
Lr;::ts dtLL",ing the
interests well
Prominent and [)Ov.I ChE::mi
cals (makers of etal.
SponsGrs of the j.ncl11c1f::d,
such well..",known energy savers
Air NE,"" Zealand, B.P., Caltex, Ford
Motors, lvon Watkins-Dow, N.A.C.,
N.Z.E.D., Shell Oil, Shell-BP-Todd,
and to cap it a.ll, NeT" Zealand's
chief waster of power .-:omal co
Power Ltd.
The only session in which the
environment orqanisations were offic-
ially recognised was a final 'moral
session. Here Comalco in
particular was criticized, arousing
the very vocal annoyance of one of
its three representatives at the
The purpose of the presence of the
3 Comalco representatives (indeed, of
many of the other business represent-
atives) seemed questionable. Their
main function seemed to be a public
relations one, and to react to criti-
The aim of the Comalco campaign
is to bring to public attention
the ways in which Comalco is ex-
ploiting New Zealanders and New
The company, which is largely
OVE:rseas owned., is getting its
electricity at considerably cheaper
rates than the New Zealand consumer,
while providing comparatively few
jobs and causing power shortages
throughout the country.
Local power boards and local
supply authorities, are being ap-
proached to find out their views
on the power crisis. A leaflet is
being prepared on "The consequ-
ences of Comalco I s excessive power
consumption" . Comalco is taking 90
much 9f New Zealand's electricity
at extremely cheap rates that New
Zealanders not only have to pay
much higher prices but go without
Comalco. Several statements mainly
concerned with the amount of cyanide
and other toxic chemicals belnq
discharged into the sea, have
already been released to the Press.
More investigations are being done
in this area. Special attention is
being given to pollutants from
their chimney, particularly the
large amount of smoke which IS
known 1:0 be discharged from the
smelter at night.
Until recently, the campaign
has been concentrating on invest-
igation and research. As most of
this has now been completed, a
national campaign is being co-
with the Energy Crisis
Committee of Invercarqill. slidp
shows are being prepared, and
meetings and talks planned so that
more people will be informed about
the greatest confidence trick ever
put across the people of New
necessary electricity for
heating, etc.
The campaign is also concerned
about the pollution and damage
to the environment caused by
Government advertising campaigns
about the energy crisis, asking
people to cut down on their energy
avoid all mention of
priorities for the use of energy,
but clear that Comalco is being
allowed to use electricity at our
expense. Therefore, the Comalco
campaign intends to show the New
Zealand people they are missing
out on their fair share of elec-
tricity .
1) Whilevauput upwith ese,U5.,British&Australian
pawer MSmmAlDJgets interests.Ill.ownershipis
mntinuauspower. lessthanIt.
2) getsitspawerat 5) In1973yau,theB.LelemE-
1/4thepnmVDupave itVmnsumer. subsidized
3.) are mmAlDJ's pDwerbv 511m.
I!Hpedell todouble!U'ery 20 Ii) [OmAlDJdrawsoff10jof
n.,1. total dud-
mmAlDJ's dlIIrgewill rem- ILLS
ainstati:fartl1eneNt 110IlIIIIrs When eHpanslanat Bluff15
· y-- · mmAUOwill draw
4) TheBluff 5melterisllatally afl twiEe asmUEhasitdoes
foreign mntralledby_n- now.

9 itRIY l1li PO Q 2258 PH 300M
For informative books on
subject of foreign control in N.Z.;
1< "Takeover New Zealand"
1< "Japanese Imperialism 'I'oday"
1< "The Multinationals"
1< "The Enemy"
1< "River of Tears"
These and others are available
from Resistance Bookshop, Box 2258,
101"1 (AI(INI
I would like further information on
I do/d", not want to be informed of
ord}nary business meetings.
Membership $2 per annum
,,"'"'- years sub_ to Ii
actively in-
PO. BOX 2258,
$ .
Send to:
DONATIONS would be
if you prefer not to be
vo 1'led.
control lri cannot suc-
ceed nless we New Zealanders unite
and rid ourselves of these foreign
ters and our own local compan--
ies which work in collaboration with
C\FCINZ needs members both polit-
Lcally and f.inancially committed.
The campalgn i5 short of money and
membershi pi s one of the few ways we
have of financing our activities.
The campaign foreign
control in N.Z. a campaign to
the and qrowing
control by foreiqn of
our natural resources and industry
and also the miLitary presence of
the U. S.A. in New Zealand. This
control is extended not only econ-
omically but politica.lly be-
with every new
made by a foreign company in N.Z.,
the more our goverrunent
to foreign capital.
The campaign has no argument with
the PEOPLE of the U.S.A., Japan
and Britdin but rather with the huge
foreiqn multinational companies that
suck out profits, plunder our nat-
ural galn control over
OUY (.Jovernmcnt ,.;.c:conomy.
We do not; proposE-· that foreign
exploi ters be replaced by local
N.Z. monopolies (CJj. are
actively working with foreign con
panies for the exploltation of their
own country. Their loyalty is to
PROFIT. The development or N.Z. by
the N.Z. PEOPLE may be slower than
whE,n foreiqn companies are involved
but ln the long term it is only
way to build up this country for
ourselves and our children rather
than for the benefit of foreign
At the moment CAFCINZ cnnce;n-
trating its efforts on the possible
mining of coal by the Japanese at
Mt Davy and the threat of power
cuts this winter which will be due
to the hiqh consumption of low-cost
electricity by the Bluff Aluminium
Smelter (almost 100% foreign owned)
We need your active support and
participat ion. 'rhe campaign against
These are available to any group
wishing to see them. They focus
mainly on forE.iqn companies and the
military bases in thE South Island
Speakers on the subject are also
availab.le. Contact CAFCINZ.