Smith StuartSTUART SMITH (National—Kaikōura): It appears that the previous speaker Ron Mark is unaware of the old political adage that explaining is losing. But on to—[Interruption]The ASSISTANT SPEAKER (Hon Trevor Mallard): Order! I would just like to ask the two relatively senior members of the House to let Mr Smith speak. If people want to seek leave to table something they can and now would be the appropriate time to do it but I do not think we should have the back and forth about whether it should be done or not. Stuart Smith—starting again.STUART SMITH: Thank you Mr Assistant Speaker. I think I made my point before but on to our economy. With 3.6 percent growth in GDP we are the third-highest in the OECD. There has been some talk about this being led by immigration and I think that what is in fact behind this is that people are voting with their feet. They are not leaving and they are coming home. Coupled with the 3.6 percent GDP growth we have the second-highest employment rate in the world. That is fantastic. So it is not a migration-driven thing. If it was we would not have that high employment rate. There was also talk about dairy and how it was causing all of the fantastic growth we have had over the last 8 years under a National Government. But dairy has gone through a very rough patch lately. Fortunately it has improved but the economy has sailed on none the less and is doing extremely well and I am very pleased like my colleague who mentioned it just before that the Global Dairy Trade was up again last night: $2780 for that critical whole-milk powder price. We need it to get up to $3000 a tonne but we are over $5 a kilogram which is what farmers need to really make money. Fifty cents up is the projection—up to $5.25—by Fonterra and when you take the share dividend into account as well it is a $5.75 to $5.85 return to the farmers. That is fantastic. Horticulture exports are doing fantastically well led by kiwifruit which is up 41 percent to $1.7 billion. That is a fantastic performance. The wine industry which had only $18 million of exports back in 1990 is at $1.6 billion today. That is a fantastic performance from the wine industry. But I want to take that back local to my electorate which is the home of three-quarters of New Zealand's wine production but we also have many other industries and strings to our bow. Airbus one of the two largest aircraft manufacturers in the world has only ever bought three other companies in its entire history and one of those is Safe Air based in Blenheim at Woodbourne airbase. Safe Air has a fantastic prop shop in Marlborough where propellers are refurbished. It also has a wonderful electroplating bay. Those are very difficult to build now so all of the electroplating in New Zealand is really done in Woodbourne and even foreign air forces use the prop shop to get their propellers refurbished. Aquaculture is also going extremely well. We had Dr Jason Clay speak here in Parliament in Minister Smith's office for a cross-party lunch the other day. He was pointing out how we are going to go and face the growing population and deal with the global paradox of 1 billion people not having enough to eat and 1 billion people being obese—in part this will be through aquaculture. In Marlborough in New Zealand 1 hectare of salmon farm produces 22 jobs and $13 million of revenue. That is $590000 per job. High-end manufacturing is one of the few industries that will get into six figures: $590000 per job is a phenomenal amount of money and I think as Dr Clay pointed out that we have to start looking at these other industries to feed the world. Farmed fish exceeded beef in production a couple of years ago so we are looking at the world through a completely different lens now. Looking back to Marlborough we have great tourism growth as well. We are having three significant openings next month. The aviation heritage museum is opening its World War II display—a new hangar which is in part supported by Peter Jackson and some of his aircraft. It is a phenomenal facility. That is going to be open. The ASB Theatre Marlborough is a 740-seat theatre in which Dame Kiri Te Kanawa spoke earlier in the year. She proclaimed it as having the best acoustics in the country. In addition to that a local five-star hotel has almost increased its capacity by 50 percent and is opening that wing next month as well. The wine industry of course is going phenomenally well and will be increasing by 2000 jobs in the next 4 years which is 10 percent of the working population in the Marlborough region. So that is a phenomenal success to go along with the success of other regions in New Zealand and our economy in part due to a good Government. Thank you.The debate having concluded the motion lapsed.